That’s the expected takeaway from Wednesday’s inflation report (the consumer price index for March, technically speaking). The Fed has signaled it will end its interest rate hikes imminently, but that could get tricky if inflation doesn’t start dropping…fast.
U.S. stock futures mostly lower following long Easter weekend
U.S....
U.S. stock futures traded weaker to flat on Monday, with signs that technology could be leading any lower action following the long Easter weekend. S&P 500 futures ES00, -0.57% fell 8 points, or nearly 0.2%, to 4,124, while Dow Jones Industrial Average futures YM00, -0.38% eased 11 points to 33,650 and Nasdaq-100 futures NQ00, -0.79% fell 64.5 points, or 0.4%, to 13,107.
Spain’s Jon Rahm wins his first Masters with torrid final round
AUGUSTA, Ga. — Jon Rahm turned the longest day into his sweetest victory, starting Sunday with a four-shot...
AUGUSTA, Ga. — Jon Rahm turned the longest day into his sweetest victory, starting Sunday with a four-shot deficit in the morning chill and finishing in fading sunlight as the fourth Spaniard to become a Masters champion.
Rahm closed with a 3-under 69 to pull away from mistake-prone Brooks Koepka. He won by four shots over Koepka and 52-year-old Phil Mickelson, who matched the low score of the tournament with a 65. He is the oldest runner-up in Masters history.
Tellurian arranges sale-leaseback to finance Driftwood LNG
Tellurian has signed a binding letter of intent to sell the 800-acre site of its proposed Driftwood LNG...
Tellurian has signed a binding letter of intent to sell the 800-acre site of its proposed Driftwood LNG terminal in Louisiana to an institutional investor for $1 billion and lease it back for 40 years at a capitalization rate of 8.75% and a letter of credit equal to 12 months of rent, among other requirements. The deal is subject to additional conditions, including securing the rest of the financing needed for the project and having equity investors act as joint contingent guarantors of the lease.
Utilities face tough choices as gas bans gain traction
As natural gas bans in new buildings become more prevalent across the US, Dominion Energy and National...
As natural gas bans in new buildings become more prevalent across the US, Dominion Energy and National Grid are reportedly looking to sell off some of their gas pipeline and distribution networks, as well as exploring options to modify and repurpose them. The Biden administration's electrification push is driving utilities to acknowledge that certain parts of their gas systems may become stranded assets, underscoring the importance of rethinking business strategies to adapt to evolving demand.
