Tag Archives: boom

The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since 2017 have added more than 8 bn barrels of reserves, spread over 18 discoveries in the deep waters of that country. Thus far one FPSO has been ordered to serve the Liza Phase-1 subsea development with four separate drill centers and up to 30 wells. At peak production, Liza Phase-1 will pump out 220K BOEPD. Liza… Source link

If you think you are seeing more expensive cars on the road these days, the numbers actually say you are right. J.D. Power shared its latest data on new car sales market with Yahoo Finance, and there were some surprising details. (The data is preliminary for Q1 2022 as there were still a few days left in March, and J.D. Power had to forecast through the end of the month.) Tyson Jominy, vice president of data and analytics at J.D. Power, drilled down to discuss what’s happening in the exploding… Source link

Main Street banking is poised to see the best growth since the 1980s, when Madonna and Michael Jackson were on MTV, Ronald Reagan was in office, and everyone had long hair and wore neon attire. And Bank of America (BAC) will be the biggest winner. That’s according to Wells Fargo analyst Mike Mayo, who told Yahoo Finance Live on Thursday that traditional banking revenue will grow the same way it did in the 1980s, creating a boom for the industry in the next three years. Moreover, BofA stands… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link

When Stefan Prodanovic began experimenting with graphic design at age 13, jointly creating digital games with a school friend who worked on the coding, he never could have anticipated the hobby would turn into a rather lucrative business into his adulthood. Today, Prodanovic is earning $20,000 a month creating artwork for non-fungible token (NFT) collections. The 25-year-old graphic designer from Bosnia, who has become a top-rated seller on Fiverr — an online marketplace for professional… Source link

KFC (YUM) is going above and Beyond…Meat, that is, as plant-based items continue to encroach on fast food’s turf. Late Tuesday, KFC announced the nationwide debut of Beyond Fried Chicken, after a two-year testing period. The anticipated menu item will be available to purchase at participating KFC locations in the U.S. beginning January 10. Customers can order the item as KFC’s first ever plant-based combo meal or à la carte in six or 12-piece orders. Created in partnership with Beyond… Source link

The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to expand and increase charging station networks to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs by the end of this decade, it’s clear that under Biden, the government has the will to enforce a major shift in the automotive industry. For investors, this type of political… Source link

Shark Tank host and real estate guru Barbara Corcoran is putting her money where her mouth is and scooping up shares of real estate marketplace giant Zillow (Z). Since being asked in a November Yahoo Finance interview if Zillow shares bottomed after falling 21% on news the company was ending its home buying operation, Corcoran says she was confident enough to jump on the stock.      “I did invest in Zillow, remember you asked me last time?” she said Thursday on Yahoo Finance Live. “I did,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, November 10, 2021 A lot for regulators to chew on, but for crypto the same old menu may not do  On Tuesday, Yahoo Finance joined Decrypt in an effort to spotlight all the ways in which cryptocurrency is now going mainstream. And there are no shortage of headlines trumpeting the ways in which digital coins are capturing the public’s… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 8, 2021 Pandemic travel ban eases in US Macy’s Herald Square gives a hearty welcome back to its international friends.  Today, the U.S. lifts a pandemic travel ban on international visitors from 33 countries. The ban has lasted 19 months, and was first implemented by the Trump administration. International travelers will be… Source link