Kentucky Derby favorite Forte scratched in stunning turn of events
Forte, who was slated to be the favorite...
Forte, who was slated to be the favorite for Saturday’s Kentucky Derby, was scratched on the morning of the race.
The decision was made after Forte went through his routine gallop Saturday morning and a veterinary inspection. Forte’s defection adds to a strange and tragic week at Churchill Downs that began with the death of Wild On Ice, who was euthanized after a training injury. Two other horses were euthanized after suffering on-track injuries.
Despite recent declines in refining margins and pump prices, US refiners Valero Energy, Marathon Petroleum...
Despite recent declines in refining margins and pump prices, US refiners Valero Energy, Marathon Petroleum and ExxonMobil maintain an optimistic outlook. They anticipate that weakening margins in Asia and Europe, coupled with lower natural gas prices, sustained fuel demand and the upcoming summer driving season, will boost US crack spreads.
Warren Buffett will preside over Berkshire Hathaway’s 59th ...
Warren Buffett will preside over Berkshire Hathaway’s 59th annual shareholders meeting today—an event expected to draw a large crowd to Omaha, Nebraska. Everyone will be watching to see what Buffett has to say about the economy, the state of the banking sector, his big bet on Apple, and his struggling “favorite child,” Geico. Shareholders will also vote on six proposals on climate change, political advocacy, and the firm’s leadership, all of which Buffett opposes.
King Charles III has been crowned at Westminster Abbey in London, in a lavish ceremony not seen for seven decades.
LONDON — Britain’s Charles III was crowned king on Saturday, during an eighth-century ritual in a...
LONDON — Britain’s Charles III was crowned king on Saturday, during an eighth-century ritual in a 21st-century metropolis with a handful of concessions to the modern age but the unabashed pageantry of a fairy tale, unseen since the coronation of Queen Elizabeth II, his mother, in 1953.
US weekly oil & gas rig count falls by the most since February
May 5 (Reuters) -...
May 5 (Reuters) - U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday.
The total North American oil and gas rig count, an early indicator of future output, fell by seven to 748 in the week to May 5.
Despite this week’s rig decline, Baker Hughes said the total count was still up 43 rigs, or 6%, over this time last year.
Oil rigs fell by three to 588 this week, in their biggest weekly decline since March. Gas rigsfell by four to 157, their biggest weekly decline since February.
