Teekay Tankers reported Q1 net income of $154 million, driven by near-record spot tanker rates averaging $61,000 per day. Teekay Tankers (TNK) reported first-quarter GAAP net income of $154 million, or $4.42 per share, up from $3.69 per share on an adjusted basis. The resu
For most of the last century, the world's economic pecking order was decided by who controlled barrels of oil. That's still true today, as the ongoing Iran war is showing in painful ways at the gas pump But a second, quieter contest is unfolding alongside it, and th
Salesforce faces prolonged deal closures and cautious client spending, prompting Citi to reduce its price target by $12. Citi cut its price target on Salesforce (CRM) to $188 from $200, citing weak enterprise software spending trends. The firm noted customers are taking lo
Markets have been rallying on hopes that Middle East tensions are easing and a ceasefire is within reach. JPMorgan Chase CEO Jamie Dimon flew to Paris, sat down with Bloomberg, and pushed back on that entire premise His exact words were carefully chosen. And what he
HOUSTON, May 14 Lawyers representing Venezuela told a U.S. court this week that the value of Venezuela-owned U.S. refiner Citgo Petroleum has increased since the sale of its parent company was ordered late last year, which should prevent the execution of the process. A Del
China commits to no military support for Iran and agrees to purchase 200 Boeing aircraft, signaling economic ties amid geopolitical tensions. China has agreed not to provide military equipment to Iran and will purchase 200 Boeing jets, according to recent remarks. The comm
Kevin Warsh replaces Jerome Powell after pledging to overhaul Fed communication and reduce political influence. The US Senate confirmed Kevin Warsh as Federal Reserve chair by a 54-45 vote, securing his four-year term to succeed Jerome Powell. Warsh, a former Fed governor,
Key Points - Tariffs affect a wide range of industries, from traditional manufacturing to modern AI development. - Consumers and small businesses will feel the impact through higher costs for physical goods and digital services. - The shift toward domestic production often...
Global oil inventories fell at an unprecedented rate last month due to supply disruptions from Middle East conflict. Global oil stockpiles declined by 4 million barrels per day in April, the fastest drawdown on record, as supply disruptions from the Middle East conflict ti
The Senate Banking Committee begins markup of the Clarity Act, aiming to regulate crypto markets after resolving stablecoin yield disputes. The Senate Banking Committee is debating and voting on amendments to the Digital Asset Market Clarity Act, a key crypto regulation bi
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