Author: franperez66q@protonmail.com
POWER POINTWhat I’m hearing from energy insidersWhile the world watches and waits on every word around the Strait of Hormuz, investors are moving on. Mostly. It’s ‘mostly’ because no one is suggesting that the troubles are over and things are back to normal. Far from it. But as I write this, the Joint Maritime Information Center notes that “traffic flows began increasing with improvements in anchorage congestion across the region” near the SOH. Marine Traffic and Kpler also tell us that the number of ships steaming through the Strait is rising. United States Central Command highlighted that as of a few…
U.S. military escorts of commercial ships have ended Iran’s ability to close the Strait of Hormuz in the future, Energy Secretary Chris Wright said Wednesday. “Iran will not have the ability to close the Strait of Hormuz going forward,” Wright said at a conference in New York City. “That’s their key leverage and we’re taking that leverage away from them.”The energy secretary said 17 million barrels of oil passed through Hormuz when Iran declared the strait closed again over the weekend. U.S. naval escorts through Oman’s territorial waters in the southern part of the strait prevent Iran from interdicting commercial…
Lawyers for Indian billionaire Adani urge US judge to dismiss criminal case Source link
Formula E is in its final year for the current technical regulations, with a new single-seater EV set to be introduced at the start of next season, which begins in December in Saudi Arabia. The new car, known as GEN4, is a big upgrade—at times more powerful than a Formula 1 car, although heavier and with much less downforce. As speeds rise with the GEN4 car, we knew the sport would become too fast for some of its current venues. With the release of the season 12 calendar for 2026–2027, that limitation has become clear: a 21-race lineup across 13…
The former Greater Manchester mayor could find himself in Downing Street as soon as mid-July. Source link
Options traders were buying a lot of protection on the iShares Semiconductor ETF (SOXX) on Tuesday. Puts traded 1.5x the 20-day average volume, 74,468 contracts. Options markets are echoing what you are already seeing in the charts. This rally is a roller-coaster.The South Korean KOSPI Index, as good a proxy as exists for the global hardware and memory supply chain feeding this trade, has suffered at least three separate drawdowns exceeding 10% this year, each compressed into three sessions or fewer. One of those drops was nearly 20%. The returns the semis have seen, more than 300% off the 2025…
IQVIA, with its vast trove of health information, sits at the center of drug development, providing data, tools and services to conduct research and perform clinical trials. After a supply chain destocking cycle, growth and backlog are improving and have allowed the company to raise its guidance. IQVIA recently launched an AI platform in partnership with NVDIA. This could enhance its competitive advantage and accelerate drug development and demand. However, many investors aren’t recognizing the potential value AI will unlock. Artificial intelligence is reshaping drug discovery, and IQVIA may be one of the market’s most overlooked beneficiaries. The company owns…
Airbus to inspect wings on some A380 aircraft after cracks found Source link
Another megacap tech stock has been tapped to join the Dow Jones Industrial Average , as the symbolic stock gauge continues to evolve to reflect the driving forces of the new economy. Google-parent Alphabet will become one of the Dow-30 stocks before the open on Monday, replacing Verizon . Dow inclusion is not a reason to buy a stock because the money benchmarked to the broader market is tied to the S & P 500 or the tech-heavy Nasdaq 100 (Alphabet already belongs to those indexes). That means there won’t be much forced fund buying tied to joining the Dow.…
In the first Prime Minister’s Questions since Sir Keir Starmer announced his resignation, there was an air of tension and the atmosphere had an edge, with the speaker warning the leader of the opposition Kemi Badenoch about her language. But another exchange stood out – between the New Forest West MP Sir Desmond Swayne and the Prime Minister.The Conservative MP’s point (and these are his exact words) – “I hope there is still time in which the Prime Minister will be able to enlighten his party as to the moral of the cautionary tale of Jim who ran away from…