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Today: March 18, 2025
Today: March 18, 2025
David French

David French

Staff Writer

Latest From David French

Business|Economy|Finance|Political|US

Big bank deals stalled by Trump volatility even as officials signal deregulation

Big banks are holding off on acquisitions and staying cautious about the Trump administration's pledges to unleash dealmaking, according

Big bank deals stalled by Trump volatility even as officials signal deregulation
Business|Economy|Political|Technology|US

AI to fuel bumper year for M&A in US power sector

Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as

AI to fuel bumper year for M&A in US power sector
Business|Economy|Political|US

Kimmeridge eyes more Canada oil and gas activism amid trade war, underperformance

Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a senior executive told Reuters on Tuesday, as it targets

Kimmeridge eyes more Canada oil and gas activism amid trade war, underperformance
Business|Economy|Political|US

BlackRock CEO Fink says nationalistic US policies to stoke inflation

BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the

BlackRock CEO Fink says nationalistic US policies to stoke inflation
Business|Economy|Finance|Stock Markets|US

Equitable to use funds from reinsurance deal to boost AllianceBernstein stake

Equitable Holdings will announce on Monday it aims to raise its stake in money manager AllianceBernstein Holding after striking a new reinsurance deal that will unlock more

Equitable to use funds from reinsurance deal to boost AllianceBernstein stake
Business|Economy|MidEast|Travel

Riyadh Air CEO says airline supply chain issues starting to improve

Supply chains for major planemakers Boeing and Airbus are showing signs of moderate improvement, the chief executive of Saudi start-up Riyadh Air said on Thursday.

Riyadh Air CEO says airline supply chain issues starting to improve
Asia|Australia|Business|Economy|Political|US

Australia's Woodside in talks with at least three partners for Louisiana LNG, sources say

Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and

Australia's Woodside in talks with at least three partners for Louisiana LNG, sources say
Business|Economy|Finance|Stock Markets|US

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say

Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S.

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say
Business|Economy|Finance|US

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say

Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say
Business|Economy|Finance|Technology|US

Blackstone to buy $1 billion Virginia power plant near data centers

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal

Blackstone to buy $1 billion Virginia power plant near data centers
Business|Economy|Finance|Stock Markets|US

Investors balked at Venture Global's earnings outlook before IPO price cut

Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at

Investors balked at Venture Global's earnings outlook before IPO price cut
Business|Economy|Finance|Stock Markets|US

Private equity mega-exits become more valuable amid slow investor payouts

Calpine Corp's $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer's owners, but has also stoked hopes within the

Private equity mega-exits become more valuable amid slow investor payouts
Uncategorized

Wall Street gives up gains as pop from July inflation data fizzles

– Wall Street’s main indexes gave up early gains to trade mostly flat on Thursday, as initial optimism over milder-than-feared inflation data gave way to longer-term concerns about the state of the U.S. economy and whether stocks had much room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further

Wall Street gives up gains as pop from July inflation data fizzles
Uncategorized

Wall Street ends flat, after pop from July inflation data fizzles

– Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further monetary tightening in 2023 and start cutting interest rates early

Wall Street ends flat, after pop from July inflation data fizzles
Business|Finance|US

Sixth Street appoints Alvarado to run US real estate investments

Sixth Street has appointed Marcos Alvarado as its head of U.S. real estate, according to a statement on Tuesday, as it seeks further investments in a sector starved of

Business|Finance|Technology

Cantor Fitzgerald hires nine in tech investment banking boost

Cantor Fitzgerald has hired nine investment bankers as it bolsters its advisory services to technology companies, the boutique bank

Business|Finance|Stock Markets

EnCap Investments seeks sale of Utah oil producer XCL Resources, sources say

EnCap Investments is seeking to sell XCL Resources, four people familiar with the matter said, two years after the private equity firm's plan to combine the

Business|Finance|Stock Markets|US

Exclusive-EquiLend stock lending platform for sale after collusion settlement -sources

EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group

Exclusive-EquiLend stock lending platform for sale after collusion settlement -sources
Business|Finance|US

BP explores $1 billion US pipelines stake sale -sources

BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1

BP explores $1 billion US pipelines stake sale -sources
Business|Economy|Finance

Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer-sources

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60

Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer-sources
News|US

US would struggle to block Exxon's politically unpopular megadeal

The White House may have blamed Exxon

US would struggle to block Exxon's politically unpopular megadeal
Business|Finance

Petrie joins Wall Street powerhouses on Exxon-Pioneer megadeal

Petrie Partners, a boutique advisory firm known to few outside the energy industry, advised on Pioneer Natural Resources Co's $60 billion sale to

Petrie joins Wall Street powerhouses on Exxon-Pioneer megadeal
Business|Finance|US

Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls

Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon Mobil is completed, but the top brass will

Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls
Business|Finance|US

How stars aligned for Exxon's $60 billion deal with Pioneer

Exxon Mobil Corp's resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheffield were

How stars aligned for Exxon's $60 billion deal with Pioneer

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