Reported 4 months ago
Devon Energy Corporation (DVN) has been highlighted as one of the most undervalued energy stocks to buy, with a forward P/E ratio of 7.93 and strong performance indicators like a record oil production of 398,000 bpd. Despite current challenges in the energy sector, including falling oil prices and trade tensions, the company showed robust financial results and is focused on reducing costs and enhancing cash flow. While DVN appears promising, analysts suggest that AI-related stocks may hold even greater potential for higher returns.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Oil prices dropped after OPEC+ announced a significant supply increase, which could lead to a global oversupply amid fears of decreasing demand due to trade tensions. Brent crude fell nearly 4.6% following the decision to raise output by over 400,000 barrels per day, a move aimed at regulating overproducing members. This policy shift marks a departure from previous output constraints that supported prices but cost the alliance market share, as uncertainty looms over the impact on demand stemming from the US-China trade war.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Approximately 3,000 union members at Pratt & Whitney in Connecticut went on strike as negotiations failed regarding wages, retirement benefits, and job security. This marks the first strike by the International Association of Machinists and Aerospace Workers since 2001, following a vote in which 77% approved the action. The company, a subsidiary of RTX Corp., claims its wage and retirement proposals are competitive and has stated it has contingency plans to maintain operations during the strike.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
President Trump's plan to abolish the IRS and replace it with tariffs and a national sales tax could dramatically affect American households. While intended to simplify the tax system, experts warn it may lead to higher costs, disproportionately impact lower-income families, increase market volatility, risk a recession, and result in job losses. As discussions around these proposals continue, consumers should reassess their financial strategies in light of the potential changes.
Source: YAHOO
Reported 4 months ago
In response to the Trump administration's dismissal of authors from the National Climate Assessment, two US science organizations are initiating a climate research effort to continue vital studies on climate change. The American Geophysical Union and the American Meteorological Society plan to publish peer-reviewed articles, aiming to provide a resource for entities in government and academia amid concerns over rising climate-related risks. This initiative is seen as essential in light of significant cuts to climate science programs under the current administration.
Source: YAHOO
Reported 4 months ago
Indian IT firm Coforge reported a fourth-quarter profit of 2.61 billion rupees, missing analysts' expectations of 2.81 billion, primarily due to a 49% increase in total expenses driven by acquisition costs. Despite a revenue increase to 34.1 billion rupees, it still fell short of the anticipated 35.20 billion. Coforge is facing challenges in a tough economic landscape where competitors like Mphasis outperformed expectations, while larger firms brace for cautious spending amid global uncertainty.
Source: YAHOO
Reported 4 months ago
Peabody Energy announced it may terminate its deal to acquire certain Australian coal assets from Anglo American if problems at the Moranbah North mine are not resolved. The mine's production was halted after an underground fire in March, raising concerns for Peabody, whose CEO emphasized that a significant portion of the acquisition value depends on this mine. Anglo American disputes the characterization of the production halt as a significant adverse change and intends to work towards fulfilling the deal's requirements.
Source: YAHOO
Reported 4 months ago
As markets navigate the uncertain landscape of 2025 earnings estimates amidst trade tensions, experts urge investors to consider context and the volatility of stock performances. With significant earnings growth from top companies like Apple and Microsoft, concerns remain over achieving projected growth rates and the potential impacts of tariffs on consumer behavior. Analysts emphasize the need for investors to stick to their strategies and closely observe corporate communications during these turbulent times.
Source: YAHOO
Reported 4 months ago
The Trump administration is set to dissolve the Organized Crime Drug Enforcement Task Forces (OCDETF), an agency established in 1982 aimed at tackling transnational organized crime and drug trafficking. Leaders have been informed to cease operations by September 30, amidst broad budget cuts across federal agencies. The decision has raised concerns over thousands of ongoing investigations as well as the fate of the unit's extensive intelligence operations.
Source: YAHOO
Reported 4 months ago
Cummins has retracted its 2025 financial forecast as the company faces growing economic uncertainty linked to U.S. import tariffs. The truck-engine manufacturer cited challenges in the North American trucking market and reported a net income decline for the first quarter, leading to a decrease in share prices.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
In a recent interview, President Trump stated he has no plans to dismiss Federal Reserve Chairman Jerome Powell, claiming, 'Why would I do that?' as Powell's term is set to end in May 2026. Although Trump continues to pressure the Fed to lower interest rates, he downplayed speculation about Powell's removal following earlier comments that hinted at his unhappiness with Powell's stance on tariffs' impact on the economy. The discourse around Powell's leadership has intensified, with potential candidates for his position already voicing their opinions on the Fed's direction and independence.
Source: YAHOO
Reported 4 months ago
President Trump has indicated that new trade deals may emerge this week, aiming to alleviate fears of a global trade war while also suggesting a future reduction of the 145% tariffs on Chinese imports. Despite optimism from China's willingness to negotiate, Trump stated he has no plans to engage in discussions with President Xi. He emphasized the importance of maintaining high tariffs, although his administration is exploring options for tariff reductions and possible negotiations with various countries.
Source: YAHOO
Reported 4 months ago
A recent analysis by TransUnion reveals that about 4 million federal student loan borrowers, or 20.5%, are seriously delinquent on payments, significantly higher than pre-pandemic rates. As the Department of Education resumes federal loan collections post-Covid pause, many borrowers are experiencing financial strain, with almost 51% of subprime borrowers struggling to keep up with payments. The analysis highlights the potential long-term impact on credit scores and the challenges borrowers face amid rising interest rates.
Source: YAHOO
Reported 4 months ago
Tesla's new vehicle sales in Spain saw a significant decline of 36% in April 2025, totaling 571 units, despite a booming electric vehicle market overall. In contrast, sales of EVs from other manufacturers surged, with electrified vehicles rising by 54%. Tesla faces increasing competition from European and Chinese brands, further compounded by Elon Musk's controversial political stance leading to protests and vandalism.
Source: YAHOO