Stocks Selloff Goes On; Trump Warns of More China Tariffs if it Doesn’t Back Off
(Reuters) – Major stock indexes fell again in volatile trading on Monday as U.S. President Donald Trump said he will impose an additional 50% tariff on China if Beijing does…
Power Up: Oil Prices Fall Below Breakeven
By Elizabeth Hampton (Reuters) – Hello Power Up readers! Markets are continuing to spiral downward as U.S. President Donald Trump’s trade war stokes growing concerns of a recession. The S&P…
US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers
Summary • Utilities face challenges predicting future power demand for data centers• Tech companies seek multiple bids, complicating demand forecasts• Rising costs and AI advancements may reduce future power needs…
US Offshore Wind Farm Projects Slow as Trump Opposition Adds to Hurdles
(Reuters) – Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration.…
Wall Street, Financial Markets Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult
Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since…
Oil Tumbles Further as Trump Tariffs, US-China Trade Conflict Fuels Recession Fears
Summary • Brent and WTI hit lowest since April 2021• Goldman Sachs, Citi cut oil price forecasts• Saudi crude prices for Asian buyers reduced to four-month low (Reuters) – Oil…
Goldman Sachs Lowers 2026 Oil Price Forecasts Again
In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to $58 a barrel and WTI to $55. The Wall Street brokerage…
Exxon CEO Woods Compensation Rose 19% in 2024
April 7 (Reuters) – Exxon Mobil CEO Darren Woods’ pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the U.S. oil major on Monday showed. Woods’…
Clean Energy Already Has Big Trade Barriers. Now Comes Trump
One set of went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even worse than…
China-US Blossoming Petchem Ties Could Be trade War Casualty
Summary U.S. accounted for 62% of China LPG, ethane imports in 2024 While China accounted for a third of U.S. LPG, ethane exports Trade war likely to lead to sharp…
