Warren Buffett’s path to investing glory
Warren Buffett is retiring as chairman of Berkshire Hathaway, the legendary investor and former CEO. This marks the end of his executive duties with the company he helped turn into one of the largest conglomerates in the world. Buffett will be appointed chairman emeritus. This is an honorary title which does not include any decision-making responsibility.
Europe and Asia boost renewable energy in response to the US-Iran War
The U.S. and Israel war against Iran has lasted six months. Governments in Europe and Asia are now scrambling to build out renewables to?cut dependency on fossil fuel imports. This will provide a new impetus for the global energy transformation. The effective closure of the Strait of Hormuz, which has slowed down a fifth of world oil and LNG shipments…
Goldman sees Brent at $80-$90 until US-Iran deal or major escalation
Goldman Sachs stated on Tuesday that it expects Brent crude oil to trade between $80-$90 a barrel until either a new nuclear agreement is confirmed or there has been a significant escalation in the conflict between Iran and the United States. The bank estimates place Brent's fair price at around $80 per barrel. This suggests…
MORNING BID AMERICAS - Chips and Ships
Hello Morning Bid readers! It's hard to escape semiconductors and the strait. Asian stocks fell this week, despite the fact that tech giants such as Taiwan's TSMC had reported record numbers. These ructions could 'indicate concerns over the durability of hyperscalers massive AI capex expenditures - and therefore chipmakers'…
Cumberland Farms files US IPO in a market that is booming for new listings
Cumberland Farms, a convenience?store retailer in the United States, filed for an initial 'public offering (IPO) on Thursday. This is adding to a busy stock market summer as favorable market conditions have swelled a swollen IPO pipeline. After nearly three years in which the U.S. IPO Market was subdued, due to higher interest rates and market volatility, many companies stayed away from the market.
Hormuz Oil Flows Could Take Months to Recover
A recovery in oil flows through the Strait of Hormuz and oil production following the U.S.-Iran interim peace deal will take time, potentially several months, analysts at two banks said.Shipments through the strait, through which about a fifth of global oil supply passes, were disrupted during the Iran conflict, sending oil prices sharply higher.
Danish energy trader Goldman-backed targets US gas expansion after results plummet
The founder and chairman of Danish energy trader InCommodites said that the group, which is backed by Goldman Sachs?, will expand into the U.S. gas market. The company reported on Monday a profit of EUR2,95 million ($3.41million) for 2025, down from EUR72.5 millions the previous year. This is far below its stated forecast of EUR85-195 million.
The stock markets are still advancing. Helen Jewell gives three reasons why it's worth investing in stocks.
The Middle East conflict has forced oil prices to rise above $100 per barrel, inflamed inflation, slowed growth, and pushed central banks toward tightening. The equity markets have hit records in the past few days but have continued to do so for many months. Three main reasons are at play. First, earnings growth. Earnings are the driving force behind markets in the long-term…
Goldman Sachs reports that US natural gas production shows signs of price sensitivities
Goldman Sachs stated in a Tuesday note that U.S. Natural?Gas production shows signs of price sensitivity, as Henry 'Hub prices have risen above $3 per million British Thermal Units this week for first time since March. Bank of America believes that the continuing signs of U.S. dry-gas?production price sensitivity are the most important…
McGeever: Central banks in the US have a rate problem.
The Federal Reserve and other central bankers are facing a serious problem due to the rapid acceleration of inflation in the U.S. The policymakers may want to remain patient but the current rout of bonds is sending out a clear signal: raise rates immediately. Last week, unexpectedly strong U.S. data on inflation pushed the real fed funds rate below zero - the first time in three years.
McGeever: Central banks in the US have a rate problem.
The Federal Reserve and other central bankers are faced with an acute problem due to the acceleration of inflation in the U.S. The Federal Reserve may want to be patient, but the continuing rout of bonds is sending a message that rates should be raised now. Last week, unexpectedly strong U.S. data on inflation pushed the real…
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S.-Iran reach a peaceful agreement to end their war, oil supplies will tighten in the coming weeks. It will take weeks before oil shipments from the Middle East Gulf can be resumed and reached refiners around the world. Oil companies will therefore continue to deplete the storage tanks they have to meet the 'peak summer demand.
Trump's crackdown against solar companies linked to China stalls U.S. manufacturing boom
Solar companies, banks, and insurers stopped doing business at least half a dozen newly built U.S. panels factories due to uncertainty about whether their ties to China would disqualify them for clean-energy subsidies. Industry executives and documents examined by have confirmed this. This shift is a result of new policies…
Warren Buffett is no longer with us. Berkshire has now become Greg Abel’s show.
Berkshire Hathaway's annual shareholders weekend in Omaha, Nebraska will be familiar to many Berkshire Hathaway investors. Shopping discounts The 5K race. Tens of thousands like-minded investors and Berkshire supporters. This is the largest corporate shareholder meeting in America. Warren Buffett is going to be there. For the first time since 1960, it won't be him in the spotlight.
Sources say that Italy's Dolomiti Energia has selected Intesa and Goldman Sachs as the lead firms for a potential IPO.
Two sources with knowledge of the matter said that Dolomiti 'Energia, an Italian regional utility, has lined up banks to help it prepare for its IPO later this year. The IPO could be worth more than 3 billion euros ($3.50 billion) and would value 'the group as a whole at more than?than?3 billion?euros. Last October, Chief Executive…
EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the Permian basin on the lands it controls, raised $320.1 million on Wednesday through its initial public offering. The Houston-based firm sold 17.3 millions shares at $18.50 each, hitting the mid-point in its range of $17-$20 per share. The U.S.
EagleRock, a Permian landowner, is aiming for a valuation of $2.6 billion in the US IPO
EagleRock, a land management company in the United States that aims to tap into renewed investor interest in the energy sector, is aiming for a valuation of up to $2.6 Billion in its initial public offering. The Houston-based firm said that it aimed to raise $346 million through the IPO, by selling 17.3 million shares at a price between $17 to $20 each.
ROI-Emerging markets defy energy shock. But how long will it last? McGeever
The bond spreads on emerging market stocks have been tighter than ever in recent years, despite the largest energy supply shock in the history. It is a question of how long it can continue. According to the Institute of International Finance, emerging markets experienced a strong sell-off in March.?EM equities recorded their largest outflow in over 20 years.
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S. and Iran reach a peaceful agreement to end their conflict, oil supplies will tighten in the coming weeks. It will take weeks for oil to be shipped from the Middle East Gulf to refiners around the world. Oil companies will therefore continue to deplete the storage tanks they have to meet the peak summer demand.
ROI-Emerging markets defy energy shock. But how long will it last? McGeever
The bond spreads on emerging market bonds are at their tightest level in years, despite the largest energy supply shock ever. It is unclear how long the current situation will last. According to the Institute of International Finance, emerging markets experienced a strong sell-off in March. EM equities recorded their largest outflow in over 20 years. This?rout? has now given way to a stronger rally.