Oil, Canadians and Petrobras

Text size For the editor:Ownership of oil and gas reserves, particularly in the United States, at a time when the dollar is depreciating is very comfortable (“10 Stocks to Play a Resurgent Energy Sector, From Our Roundtable Experts”, Cover Story, May 19 ). Precious stones and gold are outdated; crypto, very risky. Current production, on … Read more

Conoco to buy full control of oil sands site for $3 billion, thwarting Suncor

(Bloomberg) — ConocoPhillips has exercised its right to acquire TotalEnergies SE’s 50% interest in the Surmont oil sands field for up to $3.33 billion, giving it full control of operations Canadian company and thwarting the efforts of Suncor Energy Inc. to place. Bloomberg’s Most Read The purchase includes a $3 billion price tag and up … Read more

Best CD Prices Today, May 26

Note that the “highest rates” quoted here are the highest rates available nationwide that Investopedia has identified in its daily search of rates from hundreds of banks and credit unions. This is very different from the national average, which includes all banks offering a CD with this term, including many large banks that pay paltry … Read more

France has just received another warning about its credit rating

(Bloomberg) – The outlook for France’s credit rating has been lowered from stable to negative by Scope Ratings, raising questions about President Emmanuel Macron’s efforts to boost growth and reduce the debt burden bloated by crisis. Bloomberg’s Most Read The Europe-based rating company said it changed its outlook to its AA rating due to weakening … Read more

Truss was right – there’s only one way out of this mess

Former Prime Minister Liz Truss leaves 10 Downing Street – Ben Stansall/AFP When bond markets turned dramatically against the UK in the wake of last fall’s disastrous mini-budget, it sparked lengthy lectures on the mad excesses of ‘Trussonomics’. Savage and risky “unfunded tax cuts” were to blame. Lower rates for the wealthy would increase inequality. … Read more

Bond traders are starting to see potential risks beyond the debt cap

(Bloomberg) – Bond investors are starting to look beyond the debt ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the United States will run out of borrowing capacity become more sharp. What lies behind is a little unsettling. Bloomberg’s Most Read As the Treasury Department’s cash position has fallen to levels not … Read more

Short sellers who bet against Nvidia lost $2.2 billion in a single day amid the chipmaker’s stellar rally

In this photo illustration the Nvidia Corporation logo seen displayed on a smartphone screen.Rafael Henrique/SOPA Images/LightRocket via Getty Images Traders betting against Nvidia lost $2.2 billion on Thursday, according to financial data firm S3 Partners. The chipmaker’s stock has had a torrid rally this week after announcing glowing forecasts that beat Wall Street estimates. Nvidia … Read more