A bumpy ride to beating inflation
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock …
Occidental Petroleum Corp
U.S. CEOs turn positive on the economy
US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. Olivier …
Banking fears stir once again
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters T his report is from …
No letup in tech layoffs
Justin Tallis | AFP via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they …
Wall Street rattled over Fed worries
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock …
Oil market will face supply shortage by end of 2025, Occidental CEO says
Occidental CEO Vicki Hollub speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023. Ryan Lim | …
Energy stocks may rally after oil prices topped a key level this week
Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at …
U.S. crude oil sheds more than 10% in first annual decline since 2020
A driver pumps gas at a Sunoco gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images U.S. crude oil closed out …
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian …
Goldman thinks oil is headed higher again and touts an options trade
The recent pullback in crude has made call options on U.S. oil an attractive hedge against continued geopolitical and inflation risks that could push prices higher, according to Goldman Sachs. …