Macrostatistics Total number of rigs in the U.S. from Baker Hughes: 689 (Prev. 673) Number of active rigs from Baker Hughes: 546 (Prev. 533) The U.S. oil industry is unwinding to highs. This could be an additional negative factor for oil prices.
SpaceX launched the first fully commercial flight to the ISS The company sent to the orbital station spaceship Crew Dragon on a Falcon 9 rocket with a crew of 4 tourists.Their stay in space will be 10 days. The cost of the ticket is $55 million.
U.S. banks will lose about 35% of profits in the first quarter According to analyst Christopher McGratti of Keefe, Bruyette & Woods, this quarter will be challenging for the largest banks. He said the biggest obstacle is an expected 36% decline in revenue in investment banking and an 18% decline in trading. Investors are increasingly concerned about whether banks, especially JPMorgan, are
Japanese authorities say they plan to phase out coal imports from Russia, look for replacements Japan will announce new sanctions against Russia on April 8, Kyodo reported. The new measures could affect the energy sector, including restrictions on imports of Russian coal.
Disney plans to buy UFC Disney has held talks with the UFC to acquire the league for about $4.3 billion. According to CNBC sources, the company has been "mulling the idea of buying sports leagues for years." Disney's previous CEO proved to be a good fit with its acquisitions of
Frontline and Euronav merge to create the world's largest tanker fleet The combined company will be able to carry oil equivalent to 100 days of German energy demand. The total value of the tanker company is estimated at more than $4.2 billion. Shares of Euronav were up 7.2 percent, while Frontline shares were down 7.6 percent as of
Pfizer acquires ReViral for $525 million Pfizer is acquiring ReViral, a privately held biopharmaceutical company focused on the discovery, development and commercialization of novel antiviral therapeutics targeting respiratory syncytial virus (RSV). RSV is a respiratory pathogen that can lead to severe and life-threatening lower respiratory tract infections (LRTI) in high-risk groups, including infants, immunocompromised individuals and
China will create a fund to bail out troubled financial companies The stability fund will be created with capital from financial institutions and will receive liquidity support from the Central Bank. China's central bank is leading efforts to raise several hundred billion yuan in a new fund to reduce financial risks.
Warren Buffett's Berkshire Hathaway bought about 121 million shares of HP The purchase came in at more than $4.2 billion. The company's stock gained about 10 percent on the back of the purchase.
Rice cultivation in Peru becomes unprofitable amid rising fertilizer prices Global fertilizer shortages continue to worsen due to the conflict in Ukraine. This negatively affects a large number of countries, including Peru. According to the Peruvian Rice Producers Association, fertilizer prices in the country have quadrupled. In Peru, the prospect of losses for rice farmers is exacerbated by the tense