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Today: January 24, 2025
Today: January 24, 2025
David French

David French

Staff Writer

Latest From David French

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
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
Business|US

Exclusive-ConocoPhillips weighs CrownRock bid to challenge rivals

ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as

Exclusive-ConocoPhillips weighs CrownRock bid to challenge rivals
Business|Finance|US

Chevron's mega oil deal more expensive than Exxon's

Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is

Chevron's mega oil deal more expensive than Exxon's
Business|Economy|Finance|US

Exclusive-BP explores forming joint ventures to boost US shale -sources

BP is seeking to form joint ventures around its U.S. onshore natural gas fields to expand production and cut costs as rival energy giants

Exclusive-BP explores forming joint ventures to boost US shale -sources
Business|Finance|US

Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks - sources

U.S. amusement park operator Cedar Fair LP is exploring a potential merger with peer Six Flags Entertainment Corp, people familiar with the

Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks - sources
Business|Finance|US

Chevron reviewing options for East Texas assets after shale acquisitions

Chevron Corp said it is evaluating options for around 70,000 net acres of land in East Texas' Haynesville shale formation after pausing

Chevron reviewing options for East Texas assets after shale acquisitions
Business|Economy|Finance|US

Exclusive-US power utility Allete explores sale, sources say

Allete, a U.S. power utility and renewable energy developer that has a market value of about $5 billion, including debt, is exploring a sale of the company, people familiar

Exclusive-US power utility Allete explores sale, sources say
Business|Economy|Finance

Exclusive-Endeavor Energy explores sale for as much as $30 billion-sources

Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at

Exclusive-Endeavor Energy explores sale for as much as $30 billion-sources
Business|Finance

Guggenheim oil and gas bankers leave for Moelis after mega-deal miss -sources

Six U.S. oil and gas bankers who missed out on a wave of mega deals

Guggenheim oil and gas bankers leave for Moelis after mega-deal miss -sources
Business|Finance|Stock Markets

S&P, Nasdaq begin 2024 with lower close as Apple, big tech weighs

The S&P 500 and Nasdaq Composite closed the first trading session of 2024 lower, weighed by a fall in Apple shares after a broker downgrade and declines among other big-

S&P, Nasdaq begin 2024 with lower close as Apple, big tech weighs

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