Even during a year in which the S&P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners. Before showing you the Read more
Tag: Petroleum Refining
‘Teflon’ Northrop Grumman’s stock jumps despite defense industry challenges
Despite missing Wall Street’s top and bottom-line third-quarter estimates and delivering a weak outlook this week, Northrop Grumman Corp.’s stock continues to live up to its ‘teflon’ reputation. As expected, Read more
Why have gas prices in the Northeast jumped in the past week?
The bad news is that gasoline prices have spiked in the U.S. Northeast in the past week. The good news is that prices probably won’t climb for long — and Read more
Northrop Grumman reports third-quarter top- and bottom-line misses, but space business is a highlight
Northrop Grumman Corp.’s stock fell before the opening bell on Thursday after the defense contractor reported third-quarter results that missed on the top and bottom lines and delivered a weak Read more
Biden official says ban on gasoline exports still on the table, as White House responds to OPEC+ supply cut
Top White House economic adviser Brian Deese said Thursday that a U.S. ban on exports of gasoline and other refined petroleum products still was under consideration, as Biden administration officials Read more
Icahn, other big-name investors clean up on Elon Musk’s Twitter reversal
Elon Musk’s decision to end his war with Twitter Inc. isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Icahn quietly amassed a Twitter TWTR, +22.24% stake Read more
Why California is paying nearly 70% more for gasoline at the pump than the rest of the country
California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but Read more
Valero reports disruption that led to excessive emissions at Texas refinery
Valero Energy Corp. VLO, -1.76% on Wednesday reported an operational disruption that led to excessive gas emissions at its oil refinery in Texas City, Texas. “Process upsets in Complex 3 Read more
Carl Icahn to investors: ‘The worst is yet to come’
Wall Street icon Carl Icahn has a warning for his fellow investors: “The worst is yet to come.” Speaking on Wednesday at MarketWatch’s Best New Ideas in Money Festival via Read more
Gas prices fall below $4 per gallon for the first time in months
The average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices. AAA reported that the current national average for regular gasoline has Read more