Chevron to Sell Existing Headquarters, Relocate within California
Chevron Corp. is planning to relocate its global headquarters to a newly leased space in California and...
Chevron Corp. is planning to relocate its global headquarters to a newly leased space in California and sell its existing head office in the state, a company spokesperson told Reuters on June 24.
“The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population,” the company said in an email.
Chevron, currently based in San Ramon, California, is expected to shift its headquarters to the new site during the third quarter of 2023.
Russia has defaulted on its foreign debt for the first time in more than a century, reports say
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't...
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
Russia said it has sent the money to Euroclear for distribution to investors, but the payment seems to be held up there, the BBC reported. Euroclear would not say whether the distribution had been blocked, and said it follows all sanctions, the report said.
Ecuador could stop pumping oil within 48 hours due to protests
Ecuador could suspend oil production completely within 48 hours over "acts of vandalism, taking...
Ecuador could suspend oil production completely within 48 hours over "acts of vandalism, taking over wells and closing roads", the Energy Ministry said on Sunday, amid anti-government protests in which at least six people have died.
The former OPEC country, which was pumping around 520,000 barrels per day before the protests, may halt oil operations as "it has not been possible to transport the supplies and diesel necessary to maintain operations," the ministry said in a statement.
Ecuador has been embroiled in mass anti-government protests since June 13, with calls for lower prices for fuel, food and other basics, which have led to its oil production falling by more than half.
Ukrainian missiles struck 3 gas platforms in the Black Sea that Russia had converted into 'small garrisons'
Ukraine has launched missile strikes against three Russian gas rigs in the Black Sea. Seven people were...
Ukraine has launched missile strikes against three Russian gas rigs in the Black Sea.
Seven people were missing and three injured after one of the attacks, according to a Telegram post from Sergey Aksyonov, the governor of Russian-controlled Crimea.
A Ukrainian official confirmed one of the attacks, claiming on Tuesday that Russian troops were using the platform as a military installation, The Moscow Times reported.
A short week of trading maybe did the trick as the major indexes closed much higher on the week. The...
A short week of trading maybe did the trick as the major indexes closed much higher on the week. The Dow, Nasdaq and S&P 500 are still below their 50-day and 200-day moving averages but may have broken their downtrend. How stocks will react this week is anyone’s guess. The S&P 500 gapped above its resistance level around 3,800, so if it can at least hold that level or move higher this week, a non-bearish market outlook may be justified going forward. Several growth stocks that had been beaten down for quite some time have recently showed some bullish life too. As you might imagine with stocks moving higher last week, implied volatility levels and option prices decreased.
Looking ahead to this week, there are several economic reports worth noting listed below including the latest GDP revision and consumer confidence. The June unemployment numbers will not be released until the following Friday, July 8. At the time of this writing, there were no significant speeches planned by any of the Federal Reserve members. Quarterly earnings continue to be extremely slow.
Jun 27: Durable Goods
Jun 27: Pending Home Sales
Jun 28: Advance Trade in Goods
Jun 28: Consumer Confidence
Jun 29: GDP
Jun 30: Jobless Claims
Jun 30: Personal Income and Spending
Jun 30: Chicago PMI
Jul 1: Construction Spending
