Author: Money Mechanics

(World Oil) – ConocoPhillips has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MMtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, supporting the company’s ability to reliably deliver natural gas to customers in key global markets. “ConocoPhillips is pleased to extend our partnership with Sempra Infrastructure to Port Arthur LNG Phase 2, where we will be a major offtaker,” said Ryan Lance, chairman and CEO of ConocoPhillips. “This…

Intel (INTC) shares surged Friday, as President Trump said the U.S. government struck a deal giving it a 10% stake in the struggling chipmaker. “This is a great Deal for America and, also, a great Deal for INTEL,” Trump posted on his Truth Social network Friday. “Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation,” Trump added. The passive ownership stake, which is worth approximately $11.1 billion, is being funded by a combination of paid and not yet paid CHIPS Act awards, Intel said in a statement. “President Trump’s focus…

Tesla (TSLA) shares soared Friday amid a broader market rally spurred by comments from Federal Reserve Chair Jerome Powell that indicated interest rate cuts could be on the horizon. The EV maker’s stock jumped over 6% to close around $340, making it the top gainer among shares of the world’s most valuable technology companies, which rallied Friday after being under pressure most of the week. Tesla was also among the top-performing stocks in the S&P 500 and Nasdaq 100 today. Tesla stands to benefit from an environment of lower interest rates, which would make it easier for consumers to finance…

Since the pandemic, Spirit Airlines has been in financial trouble. A recent report filed with the Securities and Exchange Commission (SEC) has raised concerns among investors and travelers about the company’s viability beyond the next 12 months.Here’s a breakdown the numbers, the potential impact to budget travel, and tips to save on airfare no matter what happens. That way, you can keep jet setting and sticking to your travel budget.How much trouble is Spirit Airlines in?(Image credit: Kevin Carter / Contributor)The 2024 Spirit Airlines bankruptcy made the company’s financial woes painfully obvious. Now, Spirit is working through a post-bankruptcy restructuring…

[content-module:CompanyOverview|NASDAQ:CRWV] When it comes to recent initial public offerings (IPOs), companies like Reddit (NYSE: RDDT) and Tempus AI (NASDAQ: TEM) have stood out due to their strong performance. However, likely the most talked-about company to go public in 2025 is one with strong ties to the most talked-about company in the market, NVIDIA (NASDAQ: NVDA). That company is CoreWeave (NASDAQ: CRWV), an AI cloud infrastructure stock. NVIDIA, the world’s largest semiconductor company, owns approximately 6% of CoreWeave’s outstanding shares. Although it got off to a rocky start, CoreWeave’s stock has performed very well since going public, up around 34% as…

Driving for a rideshare company sounds great on the surface. You set your hours, meet people from all walks of life and earn money in the process.If you’re a college student or a retiree wanting to get out of the house more, you might consider it as a viable option. And while it can be for many, there are some things you should consider before taking the plunge.For starters, you’ll need to use your vehicle for rides and deliveries. Over time, the wear and tear from the miles can reduce your earnings further with oil changes, ample trips to the…

After Federal Reserve Chair Jerome Powell’s speech at the , Fed fund futures show an 81% probability for a 25 bps cut in September. Since December 2022, the fed funds rate has remained above 4% to curb inflation. The Fed itself ignited inflation following the unprecedented money supply increase during 2020. Yet, between 2022 and 2024, the price of rose despite the Fed’s hiking cycle. Given that gold is a hedge against inflation, it could also increase in a loosened macro-environment if inflation expectations are raised. That scenario is likely, as July’s attributed tariffs to inflation uncertainty. Participants judged that…

As per David Flandro, Managing Director, Head of Industry Analysis and Strategic Advisory at reinsurance broker Howden Re, “if it wasn’t obvious already, we are now firmly in the hard market softening phase of the rating cycle.”These comments were delivered alongside the release of Howden Re’s overview of the reinsurance industry in the first half of 2025, where property catastrophe dynamics featured heavily. The report underscores a clear market cycle shift, with softening rates emerging despite continued underwriting discipline and competitive demand for profitable business. “If you look at all lines, or most lines, we are still harder in terms…

The May 2025 Consumer Price Index of All Urban Consumers (CPI-U) report indicates that inflation rose by 0.1% for the month, down from April’s 0.2% increase. These data were released at 8:30 am EST on Tuesday, June 11, 2025, by the Bureau of Labor Statistics. Before seasonal adjustment, the year-over-year (Y-o-Y) inflation rate in the all-items index grew by 2.4%, a small rise from the 2.3% Y-o-Y in April. The downside surprise was more welcome news, as the results missed economists’ consensus estimates. The table below is courtesy of Investing.com. The left column represents May’s figures, while the right column represents…

Key Takeaways The S&P 500 rose 1.5% Friday, Aug. 22, 2025, as Federal Reserve Chair Jerome Powell said the central bank could begin trimming interest rates as soon as next month.Shares of Enphase Energy and other solar companies pushed higher amid hopes that growth could accelerate as rate cuts lower financing costs for solar projects.Although Intuit topped quarterly estimates, challenges to its MailChimp and TurboTax products weighed on its outlook. Shares of the software firm dropped. Major U.S. equities indexes surged to close out the week as Federal Reserve Chair Jerome Powell said the central bank could begin trimming interest rates…