Tag Archives: gas

Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline. Walmart stock popped 4% in pre-market trading Tuesday following a 15 cents a share beat versus Wall Street profit estimates. Sales came in better than expected as well. Yahoo Finance caught up with Walmart’s well-regarded CFO Source link

JPMorgan CEO Jamie Dimon, pictured in November 2021, has spoken out on the bank’s need to harness big sets of data and artificial intelligence across units like asset management.REUTERS/Brian Snyder/File Photo JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported. The call touched on various topics, including climate change and the odds of a recession. He said US natural gas production does not conflict with the reduction of greenhouse gas… Source link

Gas prices in the U.S. fell below $4 dollar per gallon for the first time since March, leaving Americans with more money to satisfy fast food cravings. “Never short the American appetite,” Citi Research U.S. Restaurant and Leisure Analyst Jon Tower, told Yahoo Finance (video above), adding that certain restaurant brands are now in a sweet spot to serve up returns for investors. Tower’s top picks include: YUM! Brands (YUM), Domino’s (DPZ) and Wingstop (WING). At the peak of higher gas prices in… Source link

Bobby East, a stock car driver who competed in NASCAR’s lower circuits and won three titles with the USAC, died after being fatally stabbed during an altercation at a gas station on Wednesday, local police confirmed to KTLA. He was 37 years old. Police in Westminster, part of north Orange County, California, had previously announced the stabbing occurred without identifying East, but his death has since been confirmed by a release from the USAC. The alleged suspect, Trent William Millsap,… Source link

The Biden administration is reeling from gasoline prices that crested to $5 per gallon in June and are still historically high. So are millions of drivers. But relief may be on the way. During a briefing for reporters on July 12, senior White House officials said a drop in wholesale gas prices suggests retail prices could drop by 50 cents per gallon or so in coming weeks. “We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall… Source link

Gas prices have come off their highs, but relief at the pump may be short-lived, says one analyst. “For the moment, we’re going to see the lowest prices we’e seen since May,” Tom Kloza, OPIS global head of energy told Yahoo Finance Live. “Unfortunately, I think we’re going to see prices rally after they find a bottom in the first half of July.” Prices at the pump have decreased to a national average of $4.68 per gallon, after topping $5 last month. Oil prices have been under… Source link

After hovering near the $5 mark for a while, the average price of gas could fall to $4 per gallon by mid-August, analysts predict. Gas prices have been retreating from their highs last month for a couple of weeks now. AAA reports the average price per gallon currently stands at $4.75 nationwide, a 16-cent drop from a month ago. Wednesday’s drop of 2.8 cents per gallon was the second largest single-day drop in the last decade. The decline comes on the heels of a Twitter feud between Jeff… Source link

Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less. “I think the only thing that’s going to make a dent in gasoline or jet fuel prices is demand destruction,” Vectis Energy Partners principal Tamar Essner said on Yahoo Finance Live after being asked when gas prices may drop below $4 a gallon (video above). “So we have to push higher until we get to that… Source link

With the Android Automotive Operating System (OS), Google is set to make the sharpest rise in the infotainment system space in the next five years. From its introduction in 2017 until now, the operating system has already been integrated in 13 vehicle models with many more to follow. The standout feature is Google Automotive Services (GAS). The GAS suite provides options for automakers to embed a series of services from Google, including Maps, Play Store, and Assistant. GAS… Source link

(Bloomberg) — One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. Most Read from Bloomberg It sounds like a story for the local press, at most — except that more than three weeks later, financial and political shockwaves are still reverberating across Europe, Asia and beyond. That’s because natural gas is the… Source link