FERC OKs Tellurian’s $1.4 B Driftwood Pipeline Project
After a variety of woes, including financing difficulties with its signature Driftwood LNG project,...
After a variety of woes, including financing difficulties with its signature Driftwood LNG project, Tellurian Inc. is making headway on a $1.4 billion pipeline natural gas transmission system to supply its terminal.
Tellurian said on April 24 that the Federal Energy Regulatory Commission (FERC) issued a certificate granting authorization for Driftwood Pipeline LLC’s Line 200 and Line 300. The natural gas transmission project is proposed to be located in Beauregard and Calcasieu Parishes, Louisiana. FERC made its decision on April 21, according to Tellurian.
First Republic Bank lost $102 billion in deposits last month
The regional lender that got swept up in March’s bank turmoil said that deposits plunged ...
The regional lender that got swept up in March’s bank turmoil said that deposits plunged nearly 41% last quarter, and they would have fallen by more than 50% if 11 large banks hadn’t plugged it with $30 billion to shore up confidence. But what little faith was restored seems to have evaporated, not least because execs ended their earnings call yesterday after just 12 minutes. The bank’s stock, already down 87% this year, dropped by another ~18% after it released its results.
US stock futures fall early Tuesday, as investors await the next round of corporate...
US stock futures fall early Tuesday, as investors await the next round of corporate earnings from Big Tech companies. Meanwhile, consumer confidence data for April is also due to be released later today. Here are the latest market moves.
On the docket: Alphabet, Microsoft, Bank of America, all reporting.
U.S. stocks end mixed, with tech-heavy Nasdaq booking modest loss
U.S. stocks closed mixed on Monday, with the Nasdaq Composite slipping ahead of Big Tech earnings due...
U.S. stocks closed mixed on Monday, with the Nasdaq Composite slipping ahead of Big Tech earnings due out this week. The Dow Jones Industrial Average DJIA, +0.20% closed around 0.2% higher, while the S&P 500 SPX, +0.09% edged up 0.1% and the tech-heavy Nasdaq COMP, -0.29% fell 0.3%, according to preliminary data from FactSet. Information technology was the S&P 500’s worst-performing sector on Monday, falling around 0.4%, preliminary data from FactSet show.
