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Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy Lending Shrinks as Upstream Spending Declines

Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

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🌀Hurricane Milton to hit Florida tonight as millions told to flee
The strongest storm in the Gulf of Mexico since 2005 is expected to ...
The strongest storm in the Gulf of Mexico since 2005 is expected to make landfall tonight in the Tampa Bay area, where experts warn the storm surge could reach 15 feet. Nearly 6 million Floridians across 11 counties in coastal and low-lying areas are under mandatory or voluntary evacuation orders. More than 1,500 flights have been canceled as of Tuesday. Milton, still a Category 5 as of this morning, is likely to weaken into a Category 3 before it lands, but experts warn it will have devastating effects. Tampa Mayor Jane Castor said that debris left from Hurricane Helene two weeks ago could be picked up by Milton and used as a “weapon.”
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☕️What Else is Brewing Wedensday Morning
TikTok sued by 14 states for being intentionally addictive to...
TikTok sued by 14 states for being intentionally addictive to kids. A bipartisan group of more than a dozen attorneys general filed separate lawsuits against TikTok yesterday, alleging that the popular social media company harmed young people’s mental health by getting them hooked on the app’s addictive algorithm and infinite scroll design. A TikTok spokesperson called the allegations “inaccurate and misleading” and said the company is committed to protecting teens. The lawsuits are the latest in an avalanche of legal trouble for TikTok, following a federal lawsuit and a proposed bill that could see it banned in the US. Dozens of states filed a similar lawsuit against Instagram owner Meta last year.

McDonald’s sued several major meat producers, alleging that they conspired to limit their supplies and jack up prices.

Kamala Harris announced a plan to broaden Medicare to cover home healthcare for the first time in an effort to help the “sandwich generation” of Americans who are taking care of both their children and their parents.

WeightWatchers said it will offer cheaper copycat versions of Novo Nordisk’s weight loss drug, Wegovy.

A new book by Watergate journalist Bob Woodward alleges that Donald Trump secretly sent Vladimir Putin Covid-19 test machines for the Russian’s personal use at a time when they were rare in the US.

Home Depot ordered all of its corporate employees, including senior management, to work one eight-hour retail shift every quarter so they could “truly understand the challenges and opportunities our store associates face every day.”

Mega Millions tickets will cost more next year—$5 instead of $2—in a move that will also lead to bigger prizes.

The New York Jets fired head coach Robert Saleh, ensuring another season of misery.

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Crude prices slide over 4% on possible Hezbollah-Israel ceasefire
Oil prices dropped over 4% on Tuesday, with Brent settling...
Oil prices dropped over 4% on Tuesday, with Brent settling at $77.18 and WTI at $73.57 per barrel, primarily driven by news of a potential ceasefire between Hezbollah and Israel. The market remained volatile as conflicting reports emerged. While Hezbollah indicated openness to negotiations, tensions escalated with Israel making new incursions into southern Lebanon and warning residents away from specific buildings in Beirut's suburbs. Analysts noted the market's high sensitivity to headlines, with prices finding some support from concerns about possible attacks on Iranian oil infrastructure.
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Chevron’s Texas Haynesville May Fetch $1B from Tokyo Gas
Chevron holds more than 70,000 net acres in Panola County, Texas, but had only...

Chevron holds more than 70,000 net acres in Panola County, Texas, but had only five Haynesville wells on the acreage at year-end 2023. TG Natural Resources is reportedly in talks to buy Chevron Corp.'s more than 70,000 of primarily undeveloped Haynesville acres in Panola County, Texas, for up to $1 billion.

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Nasdaq sees best day in nearly 3 weeks as stocks rebound from Monday's selloff
U.S. stocks finished higher on Tuesday, as technology...
U.S. stocks finished higher on Tuesday, as technology shares powered a rebound in the broader market, propelling the Nasdaq Composite to its best day in nearly three weeks.

The Dow Jones rose 0.3% to end around 42,080 at 4 p.m. Eastern time, according to preliminary data from FactSet.

The S&P 500 popped nearly 1%, ending near 5,751.

The Nasdaq Composite surged 1.5% to finish around 18,182. The tech-heavy index scored its largest one-day point and percentage gain since Sept. 19.
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