Latest in Weaker Refining Margins
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TotalEnergies forecasts 66% drop in its third-quarter oil-refining margins
The French oil company’s warnings comes on the back of a slump in the global market for products including jet fuel, diesel and gasoline that saw BP and Shell post similar warnings last week.Business - MarketWatch - October 15 -
ABB Posts Higher Profit, Raises Margin Guidance
The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.Business - The Wall Street Journal - October 17 -
TotalEnergies Profit Falls as Downstream Margins Bite
TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.Business - The Wall Street Journal - October 31 -
TotalEnergies Expects Continued Refining Weakness, Lower Hydrocarbon Production
The French oil and petroleum company said it expected to report hydrocarbon output of 2.4 million barrels of oil-equivalent a day for the third quarter, while results in its downstream division are ...Business - The Wall Street Journal - October 15 -
Oil tumbles after Israel refrains from attacking Iran’s refining facilities
Brent crude drops more than 6% as Tehran gives measured response to strikesWorld - Financial Times - October 28 -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
How to get equity out of your home with refinance rates high again
Mortgage refinance rates are high again. Here are two other effective ways to access your home equity right now.Top stories - CBS News - Yesterday -
L’Oréal sales disappoint due to weak Chinese demand
Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per centBusiness - Financial Times - October 22 -
Enphase reports weaker quarter, and this time its U.S. business is not the problem
Enphase’s revenue in Europe dropped about 15% quarter-on-quarter as demand softened.Business - MarketWatch - October 23 -
EBay’s sales outlook comes in weaker, and stock falls more than 7%
EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.Business - MarketWatch - October 31 -
Burst of trades inflates Trump’s margin in election prediction markets
Small group of bettors lifts odds of Republican victory to 62 per cent on cryptocurrency-based PolymarketBusiness - Financial Times - October 18 -
Moldova says 'Yes' to pro-EU constitutional changes by tiny margin
Moldovans vote narrowly to push on with EU membership and reject keeping close ties to Russia.Top stories - BBC News - October 21 -
Moldova Referendum on Goal of E.U. Membership Passes by a Thin Margin
A referendum that constitutionally enshrines a national objective to join the E.U. passed by a thin margin. The incumbent pro-E.U. president won the most votes in a concurrent election, but faces a ...World - The New York Times - October 21 -
Southwest Airlines beats on revenue by a wide margin, names new board members
Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board members.Business - MarketWatch - October 24 -
Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?
Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.Business - MarketWatch - October 30 -
Follow live: Rodgers, Jets look to snap five-game losing streak, host Texans
nullSports - ESPN - October 31 -
Wendy’s stock falls as same-restaurant sales miss again, by a wide margin
Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.Business - MarketWatch - October 31 -
Amazon's cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.Business - CNBC - October 31 -
With razor thin margins in the election, will Americans still refuse to vote?
The 2024 presidential election is expected to be close, with a recent report describing the margins as "razor thin" in key swing states, and four underutilized techniques are proposed to increase ...Politics - The Hill - November 1 -
Gilead’s third-quarter earnings beat by a wide margin, and biotech raises guidance
Gilead Sciences Inc.’s stock rose 2.7% in after-hours trading Wednesday, after the biotech blew past third-quarter earnings estimates and raised its guidance, boosted by demand for its HIV and ...Business - MarketWatch - Yesterday -
El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt
Deal linked to promise of river conservation is latest example of increasingly popular ‘debt for nature swaps’World - Financial Times - October 17 -
Shell shares rise as oil major brushes off impacts of global refining slump
The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and ...Business - MarketWatch - October 31 -
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economyWorld - ABC News - 7 hours ago -
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.Business - CNBC - October 16 -
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a ...Tech - ABC News - October 17 -
McDonald’s earnings: Weaker demand, E. coli outbreak in focus — but sales seen at highest in years
As McDonald’s readies its third-quarter earnings report Tuesday, Wall Street is focused on demand from lower-income diners, as well as a recent E. coli outbreak.Business - MarketWatch - October 28 -
Cowboys trade interest was already risky. With Dak Prescott's injury, their argument is even weaker
Dallas needs to think critically about 2024 investment, because it's now a risky endeavor.Sports - Yahoo Sports - 3 days ago -
Bitcoin surges 10% to a record above $76,000 as Trump victory heralds wider crypto adoption and weaker regulation
Crypto assets rose as investors bet that a second Trump administration will widen fiscal deficits and boost bitcoin as a hedge against higher inflation.Business - CNBC - Yesterday -
McLaren’s ‘tea tray’ complaints show F1 row is brewing in title fight
Tensions are rising over technical regulations in the build-up to the US Grand Prix with rivals desperate to gain an edge. Fans can be forgiven for switching off when Formula One descends into one ...World - The Guardian - October 19