Author: Money Mechanics

(By Oil & Gas 360) Part II of II– If the first part of the story is about geology and production, the second is about capital, and who controls the resource. Because the biggest structural difference between the Permian and the Montney is ownership. In the Permian, subsurface rights are largely privately held. That has created one of the most dynamic capital environments in the world. Assets move quickly, capital scales rapidly, and investors have multiple entry points, from public equities to royalties to direct working interest. The Permian is built for capital velocity. The Montney operates mostly under Crown ownership, where subsurface…

As headlines dominate with talk of the Super El Niño, Cotality’s 2026 Hurricane Risk Report found that 32.2 million properties face moderate or greater hurricane wind risk this year, representing over $12 trillion in potential reconstruction costs. According to the report, the New York metropolitan area is the largest hurricane exposure zone in the nation, with more than 3.2 million homes at risk and estimated reconstruction costs exceeding $1.93 trillion.Houston is right behind New York with 2.17 million homes at risk and an estimated $824 billion in reconstruction cost value. Miami ranks third with about 2.04 million properties at risk and…

Semiconductor stocks rebounded on Monday after a sharp drop However, valuations in the sector remain a cause for concern Which other US tech stocks are currently worth investors’ attention? US semiconductor stocks staged a strong rebound on Monday after one of the sector’s worst weeks of the year. The biggest gainers among US chipmakers with market values above $10 billion were (+11.2%), (+9.9%), (+9.6%), (+9.3%), (+9.2%), and (+8.6%). The rally followed a sharp selloff on Friday, when the dropped 4.2%, and the fell 10%, its worst daily decline in more than six years. Much of Monday’s recovery appeared to be…

Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Economists were expecting less than a 1% gain. Sales were also up 3.2% from a year earlier, the strongest pace since December.This count is based on closings, so the contracts were likely signed in April, when mortgage rates came down a bit from the sharp jump at the start of March, due to the war…

Google just made its budget AI subscription plan a lot more budget-friendly, bringing a price war that’s been brewing in emerging markets squarely to American consumers. The company announced Monday that it is cutting the monthly price of Google AI Plus from $7.99 to $4.99 — while doubling the storage included at that tier, from 200 gigabytes to 400 gigabytes. Vikas Kansal, product lead for Gemini AI subscriptions, said on X that the storage updates would roll out to users over the next several days. Google AI Plus launched in January as the most affordable paid AI subscription in the…

Article published at 9:20 a.m. CT.JJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:The AI trade is still alive and kickingOil prices fall below $90 a barrelOpenAI jumps on the IPO bandwagonThoughts that the AI trade might have been over after last Friday’s rout looked to be premature. Interest is on the upside as stock futures are edging higher again today in the tech-dominated Nasdaq Composite as well as the Dow Jones Industrials and the S&P 500.More good news: Oil prices were falling better than 2% and below…

Actress Jennifer Aniston is known for fiercely protecting her privacy—and it seems that, even where her A-list pals like Selena Gomez and Benny Blanco are concerned, the actress refuses to implement an open-door policy at her $21 million Los Angeles mansion. At least, that is, when they’re putting together an entertaining Instagram skit. Aniston, 57, enlisted Gomez, 33, and Blanco, 37, to play a lovable married couple invading the “Friends” star’s luxurious abode and wreaking havoc for a new social media video touting both Aniston’s haircare line, Lolavie, and Gomez’s Rare Beauty brand.In a video shared by the trio, Blanco…

The main equity indexes opened comfortably higher Tuesday but quickly erased these early gains amid escalating geopolitical tensions. A bearish reversal in chip stocks created headwinds, too, as market participants sought out more defensive plays.The blue-chip Dow Jones Industrial Average, broader S&P 500 and tech-heavy Nasdaq Composite were each roughly 1% higher out of the gate today, but were staring at stiff losses by lunchtime. At the close, the Dow was up 0.2% at 50,872, but the S&P 500 was 0.3% lower at 7,386, and the Nasdaq was off 1% at 25,678.Sentiment took a hit after President Donald Trump said…

The chain restaurant sector has battled an array of economic issues over the last five years that have led to location closings and bankruptcy filings. Certain fast-food chains, such as Long John Silver’s, have downsized their businesses dating back to the Great Recession in 2008. More recently, as inflation drove up the costs of labor and food since the Covid-19 pandemic in 2020, menu prices also rose significantly, discouraging diners from eating out. Rising costs lead to closings Labor and food costs increased by 35% from 2019 to 2025, according to the Bureau of Labor Statistics, and restaurants often passed the…

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASE June 9, 2026 The U.S. Energy Information Administration published its June Short-Term Energy Outlook (STEO), reducing its expectation for global oil demand in 2026. High fuel prices, reduced fuel availability, and government initiatives are curbing oil consumption this year, particularly in Asia, resulting in the world consuming 1 million fewer barrels of oil each day on average than it did last year. The reduced demand could limit crude oil price increases resulting from near-term disruptions in the flow of oil out of the Middle East through the Strait…