Invest in New Fortress Energy

New Fortress Energy is a buy

Title: Jim Cramer’s Investment Guide: Understanding Year-to-Date Stock Performance Are you interested in knowing how different companies are performing in the stock market this year? Jim Cramer, a well-known investment expert, shares his insights on the year-to-date stock performance of companies like Palantir, UiPath, Schlumberger, Unity Software, and New Fortress Energy. Palantir, a data analytics … Read more

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more

Saudi oil giant Aramco posts 25% fall in full-year profit

Saudi oil giant Aramco posts 25% fall in full-year profit

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada.  Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported … Read more

Market Talk – September 29, 2022

Market Talk

ASIA: Singapore is now the seventh most innovative economy in the world, up one spot from its ranking in 2021. The rankings are in accordance with the Global Innovation Index 2022, a report released by the World Intellectual Property Organization (Wipo) and non-profit research firm Portulans Institute on Thursday. The report ranks 132 economies according … Read more

Market Talk – September 27, 2022

Market Talk

ASIA:  To stabilize China’s foreign exchange market and support the value of the yuan, the country’s central bank, the People’s Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange … Read more

Market Talk – September 26, 2022

Market Talk

ASIA: The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially as operators capitalized on the country’s liberal gaming laws … Read more

Market Talk – September 21, 2022

Market Talk

ASIA: Taiwan will never allow China to “meddle” in its future, the government said on Wednesday, after a Chinese government spokesperson said Beijing was willing to make the utmost effort to strive for a peaceful “reunification” with the island. China claims democratically governed Taiwan as its own territory. Taiwan’s government rejects China’s sovereignty claims. China … Read more

Market Talk – September 20, 2022

Market Talk

ASIA: China left its benchmark interest rates unchanged at a one-month peg on Tuesday, as expected, as authorities appeared to delay immediate monetary easing after the local currency fell sharply and central banks tightened policy elsewhere. The one-year prime rate (LPR) was left at 3.65%, while the five-year LPR remained unchanged at 4.30%. The stable … Read more

Market Talk – September 19, 2022

Market Talk

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai decreased 10.80 points or -0.35% to 3,115.60 Hang Seng decreased 195.72 points or -1.04% to 18.565.97 Kospi decreased 27.12 points or -1.14% to 2,355.66 ASX 200 decreased 19.20 points or -0.28% to 6,719.90 SENSEX increased 300.44 points or 0.51% to … Read more