Latest in Saudi oil giant Aramco posts drop in full year profit, slashes dividend
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Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut.CNBC - 5h -
Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit
Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.CNBC - 6d -
Saudi Aramco chief says DeepSeek AI makes ‘big difference’ to operations
World’s largest oil company using Chinese AI software in its data centre in DammanFinancial Times - 5h -
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas productionABC News - 6d -
Videogame giants are spending more money but losing players — and profits
Sony, Electronic Arts and Ubisoft reflect an industrywide misunderstanding (or perhaps disregard) of what gamers value.MarketWatch - Feb. 22 -
Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings
Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.The New York Times - Feb. 24 -
Hong Kong stock exchange posts record profits after China stimulus
Listings and trading fees jumped in 2024 after Beijing’s moves to boost marketsFinancial Times - 5d -
Walmart shares drop as retailer says profit growth will slow
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.CNBC - Feb. 20 -
Oil prices post a loss in February as U.S.-Ukraine tensions feed uncertainty
Prices on Friday finished off at the session’s lowest levels after a tense meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky dashed hopes for a Ukraine-Russia ...MarketWatch - 3d -
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - 6d -
Shares of British aerospace giant Rolls-Royce hit all-time high on upbeat outlook, profit beat
Rolls-Royce on Thursday posted stronger-than-expected full-year earnings after making what it described as "significant" transformation progress.CNBC - 4d -
2025 NFL mock draft: Giants pass on quarterback, Jets replace Davante Adams in post-combine edition
Plenty of prospects showed out in IndianapolisCBS Sports - 1d -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.NBC News - 6d -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.CNBC - 6d -
Vietnamese Journalist Gets 2 ½ Years in Prison for Facebook Posts
The sentence for Truong Huy San, an influential reporter, was the latest crackdown on speech by Vietnam, a rising regional power.The New York Times - 4d -
Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.The New York Times - 16h -
New York Yankees drop beard ban after 49 years
The New York Yankees are changing their facial hair policy. Going forward, players and coaches are allowed to have "well-groomed beards."CBS News - Feb. 21 -
Rolls-Royce shares surge as group to hit profit targets 2 years early
Stock climbs 15% as results boosted by strong demand for jet enginesFinancial Times - 4d -
Oil prices settle at lowest level of the year as tariff threat hurts demand outlook
Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...MarketWatch - 6d -
BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live
Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternatives. BP will abandon its green ambitions, including plans to cut its ...The Guardian - 6d -
42-year-old Justin Verlander pitches 2 innings in spring debut for Giants
Verlander's first start of the spring came four days after the three-time Cy Young Award winner's 42nd birthday.Yahoo Sports - Feb. 24 -
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.The New York Times - 14h -
10-, 30-year yields see biggest monthly drop since December 2023 on growth fears
U.S. government debt rallied on Friday, pushing yields broadly lower, after inflation from the Federal Reserve’s preferred measure came in as expected for January.MarketWatch - 3d -
NOAA set to slash jobs 'imminently'
Mass firings are set to hit the National Oceanic and Atmospheric Administration (NOAA) “imminently,” a source with knowledge told The Hill. The person, who asked to speak anonymously due to fear of ...The Hill - Feb. 21 -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - Feb. 20 -
Top Wall Street analysts are bullish on these dividend stocks
TipRanks' analyst ranking service highlights three dividend-paying stocks, including McDonald's and Ares Capital.CNBC - Feb. 23 -
Profits, Not D.E.I., Are Why Companies Exist
An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.The New York Times - Feb. 21 -
The full list of Oscar winners
Anora scooped the most honours, while Conclave, The Brutalist, Wicked and Emilia Pérez also took prizes.BBC News - 1d -
Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.The New York Times - 5d -
Oil and gas workers face dangers
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Oil and gas workers face dangers The push to bolster fossil fuel production is heightening concerns ...The Hill - 15h -
Thanks to Trump, Saudi Arabia Gets a Big Week in Diplomacy
Riyadh is hosting U.S., Russian and Arab officials for high-stakes talks on Ukraine and Gaza, more proof of its regional clout and warm relations with President Trump.The New York Times - Feb. 20 -
What to Know About the Saudi Crown Prince’s Role in Global Diplomacy
The kingdom’s de facto leader, Crown Prince Mohammed bin Salman, was once shunned in diplomatic circles. Now he is playing an important role in negotiations over Gaza and Ukraine.The New York Times - Feb. 20 -
Investors told of golden age of US-Saudi co-operation at Miami conference
Trump is strengthening bonds with the oil-rich kingdom as he strains ties with other traditional alliesFinancial Times - Feb. 23 -
Saudi Arabia quietly steps up releases of political prisoners
Rights groups say conservative and liberal critics of the kingdom are among dozens freed in recent weeksFinancial Times - Feb. 25 -
Kiss the ring: business titans line up for Saudi Arabia and Trump
Plus, the chief executive at Prosus clinches his biggest deal yet and a new firm threatens the reign of FTI ConsultingFinancial Times - Feb. 25 -
Saudi border forces accused of killing ‘hundreds of Ethiopian migrants’
Witnesses making the crossing from Yemen report coming under machine-gun fire and seeing rotting bodies. Saudi Arabia’s forces are accused of using indiscriminate force against migrants on their ...The Guardian - 4d -
Elon Musk Is Dangling a $5,000 ‘DOGE Dividend’ Check for Americans
Musk says he will “check with the President” about the plan, but DOGE has already overstated some of its savings claims.Inc. - Feb. 19 -
The Investment Chief Behind the DOGE Dividend Explains His Pitch to Elon Musk
Azoria CEO James Fishback sees a way for President Trump to send $5,000 to every US taxpayer.Inc. - Feb. 20 -
A DOGE dividend could be a win-win-win for the GOP and Team Trump
With Democrats screaming that the sky is falling every time the Department of Government Efficiency axes one federal worker, Elon Musk’s team needs some good public relations.The Hill - Feb. 21
