Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market pressure : The major stock benchmarks were moving lower Wednesday, with the Dow getting the worst of it again. Adding pressure on equities, bond yields … Read more
ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | AFP | Getty Images ConocoPhillips agreed on Wednesday to buy Marathon Oil in an all-stock transaction worth $17.1 billion that would bolster the company’s shale assets as the broader oil and gas industry … Read more
Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | Afp | Getty Images HOUSTON — The crisis in the Red Sea could lead to a shortage in the global tanker fleet if disruptions persist for another six months, … Read more
A tanker truck sits near a Parker Drilling Co. oil rig in Prudhoe Bay, Alaska, U.S., on Wednesday, Feb. 15, 2017. Four decades after the Trans Alaska Pipeline System went live, transforming the North Slope into a modern-day Klondike, many Alaskans fear the best days have passed. Photographer: Daniel Acker | Bloomberg | Getty Images … Read more
In 2023 true diversification killed you. If you chose to buy stocks across a wide swath of sectors —financials, retailers, drugs, foods, utilities, autos, airlines and oils — and your timing wasn’t perfect, you got crushed. If you played by the classic investing rule of not putting all your eggs in one basket, you got … Read more