Dow Jones Top Energy Headlines at 4 PM ET: Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil | U.S. …
Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil
Oil futures were sharply higher as the U.S. revoked Iran’s license to sell oil in response to Iranian attacks on ships in the Strait of Hormuz.
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U.S. Revokes Waiver Allowing Sale of Iranian Oil
Oil prices jumped after the U.S.
Read MoreOil’s $100 Threshold: What It Means for Energy Stocks Now
Quick Read
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Chevron beat Q1 EPS by 46% for the sixth straight quarter, powered by 15% production growth from the Hess acquisition, not $100 crude.
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Exxon trades at $137 and Suncor at $55, while Chevron’s Wall Street consensus target of $217 sits well above its current price.
» Read more about: Oil’s $100 Threshold: What It Means for Energy Stocks Now »
Read MoreThe Risk Warren Buffett Considers Worse Than Holding Cash
Warren Buffett has never been shy about voicing his opinion on idle cash. As he explained in an op-ed written for the New York Times during 2008’s subprime mortgage meltdown, “Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
» Read more about: The Risk Warren Buffett Considers Worse Than Holding Cash »
Read MoreThree simple investing mistakes that limit high earners’ wealth
When financial adviser James Smith meets a new client, one of his first tasks – particularly if they’re younger – is to get them to the “aha moment”.
That is when they realise just how powerful compounding is,
» Read more about: Three simple investing mistakes that limit high earners’ wealth »
Read MoreMemory chip stocks fall into a bull market amid latest tech sell-off
00:00 Jerry
So let’s take a look at the semiconductor board. They are in a bear market now. Uh we got more analysis on that in a minute, but just wanted to show you a lot of dark red here. Intel down 10%. Uh this is only today.
» Read more about: Memory chip stocks fall into a bull market amid latest tech sell-off »
Read MoreThe Burst
Why Stanley Druckenmiller Took a Swing at StubHub
Stanley Druckenmiller almost never buys newly public stocks, yet his Duquesne Family Office acquired 4.3 million shares of StubHub shortly after its September IPO.
When a macro investor with his track record breaks his own pattern, it usually signals that he sees something the rest of the market hasn’t priced in.
Key Points
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Druckenmiller sees StubHub as a dominant,
» Read more about: Why Stanley Druckenmiller Took a Swing at StubHub »
Read MoreThe Ivy
Is IonQ The Best Bet on the Future of Quantum?
IonQ has been one of the biggest beneficiaries of renewed excitement around next-generation computing. Shares are up roughly 3x the S&P 500 this year as investors increasingly view quantum computing as moving closer to real-world use rather than remaining a purely academic pursuit.
The key question is whether IonQ’s rally reflects genuine long-term potential,
» Read more about: Is IonQ The Best Bet on the Future of Quantum? »
Read MoreThe Spotlight
Billionaire Dumps Popular AI Stock
In the second quarter, billionaire Steven Cohen exited its entire position in SoundHound AI, a company once touted as one of the purest ways to invest in voice-driven artificial intelligence.
The move came after SoundHound’s stock had surged more than 3x in a year as investors piled into anything labeled “AI.”
So why would one of Wall Street’s most sophisticated investors bail out just as the hype peaked?