Exxon Mobil Reportedly Considers Buying Plano, Texas-Based Denbury
Oil major Exxon Mobil Corp. is considering acquiring Denbury Inc., Bloomberg News reported on Oct. 10,...
Oil major Exxon Mobil Corp. is considering acquiring Denbury Inc., Bloomberg News reported on Oct. 10, citing people familiar with the matter.
Shares of Plano, Texas-based energy company Denbury rose 8% on the report.
Exxon Mobil has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal. Denbury was exploring options including a sale, Bloomberg reported in August.
Bridge Over Troubled Waters: The Kerch Bridge Explosion
Just hours after Vladimir Putin blew out the candles on his 70th birthday cake, the Ukrainians gave him...
Just hours after Vladimir Putin blew out the candles on his 70th birthday cake, the Ukrainians gave him something he certainly didn’t wish for: a stunning attack on his beloved Kerch Bridge, which connects the Russian mainland to the Russian-occupied Crimean Peninsula.
Why it matters: The Kerch Bridge explosion is a significant blow to Russia both tactically and symbolically. On the tactical side, it will disrupt key transportation flows that supply Russia’s military in southern Ukraine. On the symbolic side, it’s another public embarrassment to Putin, who viewed the infrastructure project as a major step in his attempt to rebuild the Russian empire. Putin himself opened the bridge in 2018 by driving a truck across it.
Inflation data is incoming. Thursday’s consumer price index release will show how...
Inflation data is incoming. Thursday’s consumer price index release will show how much we got clobbered by inflation in September. Last month, inflation came in hotter than expected, leading to a market rout. Economists hope to see some cooling in “core CPI,” which strips out food and gas prices, this time around.
Earnings Season is Back. Get Ready for Stock Market Volatility.
Earnings season is back. A stock market that’s already on edge could get another...
Earnings season is back. A stock market that’s already on edge could get another jolt of volatility this week as corporations begin to report their Q3 earnings, starting with PepsiCo on Wednesday. These reports will reveal how companies are coping with the Fed’s interest rate hikes.
Good morning. Today is Columbus Day as well as Indigenous Peoples Day, which...
Good morning. Today is Columbus Day as well as Indigenous Peoples Day, which was commemorated as a national holiday for the first time by President Biden last year. Depending on where you live, your state might recognize one of the two holidays—or both.
The NFL and NFL Players Association agreed to change the league’s concussion protocol in response to an injury suffered by Dolphins QB Tua Tagovailoa.
PayPal said that a controversial new policy it posted—a $2,500 fine for users who promote misinformation with the service—was sent “in error.”
EV startup Rivian is recalling almost all of the vehicles it’s made due to a loose fastener it needs to fix.
Anna Sorokin, the swindler who inspired the Netflix show Inventing Anna was released from jail…but she still faces deportation to Germany.
