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For most of the period between 2015 and 2022, the dominant theme in Big Oil capital allocation was restraint. The 2014 price crash forced deep cuts to exploration budgets, and shareholders pushed forBuybacksover barrels. That posture is shifting. European majors BP and Shell reversed …
Mike Wirth, CEO of Chevron, said at S&P Global's CERAWeek conference on March 23, 2026, that the oilFutures Markethas not fully priced in the scale of the supply disruption triggered by the closure of the Strait of Hormuz, stating "There are very real, physical …
On May 27, 2026, the CFTC filed a complaint in the U.S. District Court for the Southern District of New York against Michele Spagnuolo, a resident of Switzerland. The complaint alleges that Spagnuolo, a Google employee, engaged in insider trading on Polymarket.com using sensitive …
Prime Minister Benjamin Netanyahu said Thursday that he ordered the Israel Defense Forces to take control of 70 percent of the Gaza Strip, well beyond the portion of the enclave that Jerusalem was allowed to temporarily continue occupying as part of an October 2025 …
Nvidia CEO Jensen Huang has agreed to join the advisory board of a Beijing university which counts Apple's Tim Cook as chair, the Financial Times reported. Huang, who joined U.S. President Donald Trump on his recent visit to China, has accepted an invitation from …
Why the US–Iran Nuclear MOU Matters Far Beyond Diplomacy
April delivered the sharpest monthly jump in US durable goods orders in nearly a year. New orders for manufactured durable goods rose 7.9% to $346 billion, according to the U.S. Census Bureau's advance report released May 28, 2026, beating market forecasts of a 3.5% …
Data released today by the US Department of Labor pointed to marginal softening in the American labor market, though not enough to alter the broader narrative of stability. Initial jobless claims rose by 5,000 to a seasonally adjusted 215,000 for the week ended May …
The US economy expanded at an annualised 1.6% in Q1 2026, per the Bureau of Economic Analysis second estimate released May 28. This accelerates from Q4 2025's 0.5% but falls short of the 2.0% advance reading. The 0.4 percentage point downward revision traces primarily …
The Bureau of Economic Analysis released itsPersonal Incomeand Outlays report for April 2026 on Thursday, showing consumer spending rose 0.5% on the month whileInflationheld well above the Federal Reserve's 2% target. The PCE price index rose 0.4% from the prior month and 3.8% from …
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