The oil market in 2024 was marked by fluctuating demand, geopolitical...
The oil market in 2024 was marked by fluctuating demand, geopolitical tensions and industry consolidation. Demand from China was a key factor, with underwhelming growth affecting prices, while the conflict between Israel and Hamas briefly raised supply concerns. In the US, mergers and acquisitions in the shale sector surged, although production did not increase as expected after the presidential election.
How will the markets respond to the first year of a second Donald Trump...
How will the markets respond to the first year of a second Donald Trump presidency? What will happen in AI and Big Tech? Will you ever be able to afford a house, like, ever?
Here’s what the experts are saying about what to expect in 2025:
Stock market: After the tech sector fueled markets to record numbers in 2024, everyone sees the S&P 500 continuing to rise in 2025. Morgan Stanley and Goldman Sachs believe the S&P 500 will reach 6,500, while Eric Schiffer of the Los Angeles-based investment firm The Patriarch Organization told Quartz that it will climb to 6,750. Jeff Krumpelman of Mariner Wealth Advisors has a rosier outlook, predicting the index will hit 7,000.
AI: Unsurprisingly, everyone expects the uprising of our automated allies (or enemies) to continue as the technology improves. Fast Company foresees more organizations implementing AI in the workplace. Forbes predicts that AI-based scams will increase. But some are sounding the alarm that AI’s just one big bubble bound to collapse.
Jobs: Fast Company also predicts that low unemployment levels will hold steady. Hiring will pick up in certain sectors—healthcare, technology, defense, and energy—but will slump in retail, government, and professional services.
Renting vs. owning: Redfin believes prices in the US rental market will remain flat in the coming year, with more units becoming available. As for homebuyers, that market appears to be more volatile. Redfin foresees a 4% increase in home prices during 2025, which would represent a slowdown compared to previous years. But with Trump promising to increase tariffs on foreign goods, the cost of owning a home could get much higher, per LendingTree.
U.S. stocks ended mixed Thursday, after the "Santa Claus...
U.S. stocks ended mixed Thursday, after the "Santa Claus rally" period kicked off on Tuesday.
The Dow Jones Industrial Average went up 28.77 points or 0.07% to end at 43,325.80 for its fifth straight daily gain, according to Dow Jones Market Data.
The S&P 500 went down 2.45 points or 0.04% to finish at 6,037.59, snapping a three-day winning streak.
The Nasdaq Composite declined 10.77 points or 0.05% to close at 20,020.36, snapping a three-day winning streak.
Houston-based Fervo Energy has secured $255 million in fresh funding...
Houston-based Fervo Energy has secured $255 million in fresh funding to advance its geothermal energy projects, including the Cape Station development in Utah, set to begin electricity generation in 2026. "Investors recognize that Fervo's ability to get to scale quickly is vital in an evolving market that is seeing unprecedented energy demand from AI and other sources," said Fervo CEO and Co-Founder Tim Latimer.
Tech, regulations address the Permian's methane problem
An analysis by S&P Global Commodity Insights shows that Permian Basin...
An analysis by S&P Global Commodity Insights shows that Permian Basin methane emissions dropped by 26% in 2023 as regulations tightened and drillers stepped up adoption of advanced leak-detection technologies. The reduction, amounting to over 34 Bcf, occurred despite higher oil and natural gas production.
