The energy sector is poised for a higher start, supported by strength in the crude complex and in the...
The energy sector is poised for a higher start, supported by strength in the crude complex and in the major equity futures. U.S. stock index futures rose in a week that bolstered investor hopes of a pause in interest rate hikes after data showed a moderation in economic growth and gains in Tesla shares.
US stock futures rise early Friday, as investors await the release of preliminary consumer...
US stock futures rise early Friday, as investors await the release of preliminary consumer sentiment data, due out later this morning. Meanwhile, Tesla shares ticked higher after Elon Musk announced he had found a new Twitter CEO. For the latest market moves, click here.
Earnings on deck: Allianz, Olympus Corp., and more, all reporting.
Argonaut Acquires Drilling Equipment Provider Center Rock
Argonaut Private Equity announced this week it has acquired Center Rock Inc., a Pennsylvania-based...
Argonaut Private Equity announced this week it has acquired Center Rock Inc., a Pennsylvania-based provider of drilling tools and rigs for the construction, mining, utility, and energy industries.
Center Rock’s leadership team will remain and be supported by Argonaut.
The deal allows Center Rock to expand its product offerings to new industries and countries. The company currently designs, manufactures, distributes, and services downhole rock drilling tools and construction applications, including water well and geothermal borehole drilling, blast holes for mining and quarry, utility infrastructure projects, and underbalanced natural gas drilling.
Argonaut is a private equity firm based in Tulsa, Oklahoma, with more than $2 billion in direct investments across the manufacturing and industrial industries.
Energy stocks are set to open lower, tracking declining broader index...
Energy stocks are set to open lower, tracking declining broader index futures and oil prices. Weekly jobless claims of 264,000 were the highest in 19 months, while embattled regional bank PacWest shares are down over 20% after reporting that deposits fell 9.5% last week. A potentially weakening labor market and further troubles in the regional banks are weighing heavily on risk sentiment.
Oil prices erased earlier gains on Thursday during U.S. trading hours as a political standoff about the U.S. debt ceiling overshadowed a G7 finance leaders' meeting, raising jitters about a possible recession in the world's biggest oil consumer.
Natural gas futures are lower by 1% ahead of weekly inventory data.
US Attorney interested in study of Icahn’s holdings
Investors were spooked by the news that federal prosecutors put Icahn Enterprises on their radar, which...
Investors were spooked by the news that federal prosecutors put Icahn Enterprises on their radar, which caused the stock to take yet another tumble.
The publication of a Hindenburg Research report earlier this month, which accused the conglomerate created by legendary Wall Street investor Carl Icahn of inflating assets by more than 75%, among other things, caused the shares to hit their lowest point in more than a decade. Icahn’s net worth lost $10 billion, according to Bloomberg.
