OSLO (Reuters) -The board of Norway's Equinor must explain how the company's plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell and BP in promising higher petroleum output while scaling back investment in renewables. In a resolution to be voted on at Equinor's May 14 annual general meeting, the minority owners said there were "material inconsistencies" between the company's climate strategy and the policy expectations expressed by its majority shareholder.
Northrop Grumman (NYSE:NOC) Misses Q1 Sales Targets, Stock Drops
Security and aerospace company Northrop Grumman (NYSE:NOC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.6% year on year to $9.47 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $42.25 billion at the midpoint. Its GAAP profit of $3.32 per share was 46.7% below analysts’ consensus estimates.
Gold Hits $3,500 as Trump's Attacks on Powell Unnerve Markets
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump's renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets.
U.S. Spot Bitcoin ETFs Experience $381 Million Surge While BTC Holds Ground During TradFi Sell-Off
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant net inflows of $381.4 million on Monday, the largest daily inflow since Jan. 30.
Wall Street opens higher after selloff
Wall Street's main indexes jumped at the open on Tuesday, as investors turned their focus to corporate earnings after President Donald Trump's mounting criticism of Federal Reserve Chair Jerome Powell caused a sharp selloff in the previous session. The Dow Jones Industrial Average rose 345.8 points, or 0.91%, at the open to 38,516.23. The S&P 500 rose 49.5 points, or 0.96%, at the open to 5,207.67, while the Nasdaq Composite rose 209.0 points, or 1.32%, to 16,079.94 at the opening bell.
Global markets are all over the place after U.S. stocks slump following Trump’s attacks on Fed chair Powell
Analysts expressed a high degree of nervousness at the prospect that Powell might be replaced by someone who would give Trump more direct political control over the Fed.
Best money market account rates today: April 22, 2025 (earn up to 4.41% APY)
Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.
Should You Buy Bitcoin While It's Under $100,000?
It's easy to be down on Bitcoin (CRYPTO: BTC) these days. There are two fundamental changes taking place right now in the global financial markets, and Bitcoin is core to both of them. The first major change involves investor perceptions of Bitcoin.
3 Reasons RMAX is Risky and 1 Stock to Buy Instead
The past six months haven’t been great for RE/MAX. It just made a new 52-week low of $6.99, and shareholders have lost 42.9% of their capital. This was partly due to its softer quarterly results and might have investors contemplating their next move.
3 Reasons to Avoid TWI and 1 Stock to Buy Instead
Titan International trades at $6.51 per share and has stayed right on track with the overall market, losing 10.5% over the last six months while the S&P 500 is down 11%. This might have investors contemplating their next move.