Sunoco Buys Terminals from Zenith Energy for $110 Million
Sunoco LP completed the acquisition of 16 refined product terminals located across the East Coast and...
Sunoco LP completed the acquisition of 16 refined product terminals located across the East Coast and Midwest on May 1.
Sunoco purchased the terminals from Zenith Energy for $110 million. Sunoco expects the acquisition to be accretive to unitholders in the first year of ownership, the company said in a press release this week.
The “sober-curious” movement has been sweeping the country. Now, it’s reached Silicon Valley.From founders to investors, techies are abandoning alcohol to stay sharper and healthier. More on that here.
A new electric car could charge in the time it takes to fill a gas tank. Fisker, a US...
A new electric car could charge in the time it takes to fill a gas tank. Fisker, aUS electric-vehicle startup, is bringing battery-swapping technology to its first model. Battery swaps will take a few minutes and cost less than getting gas, the startup says. More here.
Crude oil prices didn’t change much in Thursday’s trading as Brent recorded a slight gain while WTI...
Crude oil prices didn’t change much in Thursday’s trading as Brent recorded a slight gain while WTI dropped slightly. The weak responses occurred after the European Central Bank slowed the pace of interest rates.
West Texas Intermediate crude finished down 4 cents or 0.006% to $68.56 a barrel on the New York Mercantile Exchange. At one point in the trading, WTI fell to a session low of $63.64 which was the lowest price since December 2021.
Brent crude, the global benchmark, recorded a 17-cent gain or 0.24% to close at $72.50 a barrel on ICE Futures Europe.
Dow, S&P 500 book 4-day losing streak as bank shares weigh
U.S. stocks closed lower for a fourth session in a row on Thursday...
U.S. stocks closed lower for a fourth session in a row on Thursday as pressure on shares of banking stocks continued to weigh on equities.The Dow Jones Industrial AverageDJIA, -0.86% fell about 286 points, or 0.9%, ending near 33,127, according to preliminary FactSet figures. The S&P 500 index SPX, -0.72% fell 0.7% and the Nasdaq Composite Index COMP, -0.49% slumped 0.5%. That marked the S&P 500’s longest losing streak since Feb. 22, according to Dow Jones Market Data, and the longest losing stretch since Dec. 19 for the Nasdaq. Pressure in the U.S. banking sector has been a key focus for investors, with shares of the SPDR S&P Regional Banking ETF KRE, -5.45% down about 38% on the year so far. Despite stress at banks from rate shocks and lost deposits, the Federal Reserve on Wednesday raised rates by another 25 basis points to a 5%-5.25% range, the highest level since 2007.
