Exxon Mobil chief revamps refining, chemical operations – spokeswoman
By Ernest Scheyder and Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said. The changes at the world’s largest publicly traded oil producer are the most […]
Apple’s Stock Set to Rip Higher Well Into December: Must See Chart
There’s no two ways about it — 2017 has been a magnificent year to be an Apple Inc. shareholder. Since the calendar flipped to January, shares of Apple are up more than 50%, more than triple the return of the rest of the S&P 500 over that same time frame. But with Thanksgiving right around the […]
Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom
Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom Sarath Ratanavadi’s Gulf Energy plans to add power plants Gulf’s IPO is turning Sarath into newest Thai billionaire Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht ($4.6 billion) of investment in power plants over the next four years after the company’s listing this […]
Index Providers Rule the World—For Now, at Least
Decisions about what to include are leaving some on the outs. In September 2015, Peru’s then-finance minister abruptly changed his plans and hopped on a jet to New York. By the time Alonso Segura Vasi landed in the U.S., officials from the country’s central bank and securities regulator were also en route to join him. […]
Nvidia Scores Key Artificial Intelligence Deal With GE’s Healthcare Division
Nvidia continues to rack up big wins for its advanced computing technologies. The newest one comes with General Electric’s healthcare division. The two companies issued a joint press release on Sunday revealing Nvidia’s processors will be used in GE Healthcare’s 500,000 imaging devices globally. GE says the partnership will help drive lower radiation doses for patients, […]
U.S. oil dips on increased drilling, but OPEC cuts support global markets
By Henning Gloystein SINGAPORE (Reuters) – U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended. U.S. West Texas Intermediate (WTI) crude futures were at $58.65 a barrel at 0252 GMT, down […]
Why Smart People Take Social Security at 62
Many of us daydream about retiring early — and then assume that we can’t. It’s true that if you’re way behind in saving up for retirement, you may have to toil far longer than you’d like. But early retirement is more possible for many people than they think, and Social Security can be a big help […]
Here’s how much we’ll spend on holiday gifts this year
The turkey has been gobbled up, the leftovers packed up … so now it’s time to shop! The winter holidays are here, and that means consumers are ready to spend. This year, holiday retail is expected to reach $682 billion, according to the National Retail Federation. According to a report from NerdWallet, the average consumer will spend […]
Cryptocurrency market cracks $300 billion as bitcoin and ethereum flirt with big milestones
The market for digital currencies cracked $300 billion for the first time Sunday night. At the same time, bitcoin and ethereum, the two largest cryptocurrencies, were flirting with their own big milestones. NEW YORK — The market for digital coins cracked $300 billion Sunday night for the first time ever as two of the largest […]
How the FCC’s plan to kill net neutrality affects you
Federal Communications Commission chairman Ajit Pai just put a big item on his holiday wish list: having the FCC destroy the net-neutrality rules that it adopted two years ago. As Pai said in a statement on the FCC’s site, he will have the commission vote at its Dec. 14 meeting on his “Restoring Internet Freedom Order.” The […]