DOE says LNG permit pause will be "months, not years"
Department of Energy Deputy Secretary David Turk told the Senate Energy...
Department of Energy Deputy Secretary David Turk told the Senate Energy and Natural Resource Committee on Thursday that the halt on liquified natural gas export approvals will be for "months, not years." Attorneys general from 26 states are preparing a legal case to reverse the pause, saying the White House overstepped its authority in implementing the measure.
ConocoPhillips reports slight fall in profits in 4Q and full-year earnings
ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion,...
ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share.
Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9 billion, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4 billion, or $2.71 per share. Special items for the current quarter were comprised of a benefit related to the reversal of a tax reserve, partially offset by a loss on foreign exchange contracts.
Full-year 2023 earnings were $11.0 billion, or $9.06 per share, compared with full-year 2022 earnings of $18.7 billion, or $14.57 per share. Excluding special items, full-year 2023 adjusted earnings were $10.6 billion or $8.77 per share, compared with full-year 2022 adjusted earnings of $17.3 billion, or $13.52 per share.
Gas prices have fallen in Oklahoma but some are still paying $3.50 per gallon in one county
Gasoline prices might have fallen in most of Oklahoma but AAA reports...
Gasoline prices might have fallen in most of Oklahoma but AAA reports there are some counties with prices more than $3 a gallon.
Coal County in the southeast has the highest average in the state and drivers in many of its cities such as Coalgate, Lehigh, tupelo and Clarita are paying an average of $3.50 per gallon. .
In the Southwest, Greer County has an average of $2.97 per gallon.
Drivers in Lawton on the other hand have the lowest average price at $2.53 per gallon, down three cents over the past week but still 4 cents more than a month ago.
Oklahoma’s statewide average is $2.67, or four cents lower than last week but a dime more than one month ago. The U.S. average as of Thursday was $3.15 per gallon, an increase of a nickel in the past week.
Volodymyr Zelensky ousted his top general in a major military shakeup. The Ukrainian...
Volodymyr Zelensky ousted his top general in a major military shakeup. The Ukrainian president said “urgent changes” were needed to boost Ukraine’s war effort as it counters Russia’s invasion. Zelensky and the general, Valeriy Zaluzhniy, had reportedly disagreed in recent weeks about the optimal strategy moving forward. In an essay for the Economist, Zaluzhniy characterized the war as a stalemate, saying Ukraine wouldn’t be able to recover territory lost to Russia without more resources. The ouster comes as Ukraine awaits for more aid from the US, which has been held up by Republicans in Congress.
Google renamed its Bard AI chatbot Gemini and released a dedicated Gemini app for Android.
Snoop Dogg and Master P are suing Walmart and Post Foods for allegedly hiding the rappers’ cereal brand from shoppers in an attempt to sabotage it.
Finnair announced it will weigh some passengers at the gate as part of a trial program to improve plane weight estimates.
January was the warmest on record, pushing the 12-month average to more than 1.5 degrees Celsius above preindustrial times for the first time ever.
Five US Marines were killed when their helicopter crashed during stormy weather in the mountains outside San Diego, California.
(Thursday market open) The S&P 500® index (SPX)...
(Thursday market open) The S&P 500® index(SPX) and the Dow Jones Industrial Average® (DJI) ended little changed but still edged to record highs for a second straight day Thursday as investors processed another batch of quarterly earnings and looked ahead to inflation updates next week that will likely factor into expectations for the Federal Reserve's interest rate policy.
Much like the 2023 equity market, recent strength continues to be driven largely by mega caps and other large tech companies, while signs of weakness continue to percolate further down the cap spectrum, according to Liz Ann Sonders, Schwab's chief investment strategist.
"Cap-weighted indexes like the S&P 500 and Nasdaq Composite look great on the surface, but there are divergences under the surface, with several sectors lagging and market internals, such as breadth, narrowing in recent weeks," Sonders said.
"Narrow breadth, all else equal, is not a great backdrop" for stocks, Sonders added. "However, markets can remain narrow with concentrated leadership for extended periods. It’s akin to overly optimistic sentiment, which is also not ideal but can stay that way for extended periods."
Here's where the major benchmarks ended:
The S&P 500 index added 2.85 points (0.1%) to 4,997.91, after briefly rising to 5,000.40, breaching the 5,000 level for the first time; the Dow Jones Industrial Average gained 48.97 points (0.1%) to 38,726.33; the Nasdaq Composite climbed 37.07 points (0.2%) to 15,793.71.
The 10-year Treasury note yield (TNX) rose more than 5 basis points to 4.154%.
The Cboe Volatility Index® (VIX) fell 0.04 to 12.79.
