Chevron (CVX) posted mixed fourth-quarter results early Friday, missing on earnings views while topping revenue estimates. The energy giant reported record profits and cash flow for 2022, on top of its earlier announcement launching a massive $75 billion share buyback...
Category: Business
Toyota’s CEO To Step Down As New Chief Will Remodel Automaker
Akio Toyoda, the CEO of Toyota Motor Corporation and grandson of the company’s founder, is stepping down after leading the world’s largest automaker for 14 years, according to Nikkei Asia. Chief Branding Officer Koji Sato will replace Akio Toyoda ...
Australia Procures UH-60M Black Hawk Helicopters, Replacing MRH-90 Taipan
The acquisition will be made as part of the Project LAND 4507-1 of the Australian Army, and would be done through US Foreign Military Sales (US FMS) program. The deliveries of the Black Hawk helicopters are expected to start later...
Boeing Tumbles On Unexpected Q4 Loss
Boeing reported an unexpected loss to end 2022 as the planemaker grappled continued to grapple with high costs that threaten to slow further its already moribund recovery. The aerospace giant reported an adjusted EPS loss of $1.75 in the fourth...
China Becomes World’s Biggest LNG Buyer
China is rapidly becoming the world’s most dominant force in liquefied natural gas, with Chinese buyers accounting for 40% of recent long-term LNG contracts among global players, according to Nikkei Asia. Take Chinese energy giant Sinopec Group, which ...
Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year
And Ken Griffen’s Citadel hedge fund recorded $16 Billion Profit For Clients In 2022. Citadel had a blowout year, and according to the WSJ, had generated about $28 billion in revenue. The impressive number, driven by a 38.1% return at the...
History: The first ETF launched 30 years ago, revolutionizing investing
30 years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock...
FAA secretly widened the EKG parameter range for pilots so they wouldn’t be grounded
FAA loosening its EKG range for pilots while offering no explanation as to why to the public. In the October 2022 version of the FAA Guide for Aviation Medical Examiners, the FAA quietly widened the EKG parameters beyond the normal...
Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters...
EU again postpones final vote on crypto-crackdown bill
The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from...
Report Says 500 Advertisers Paused Spending At Twitter, Daily Revenue Plunges 40%
Khazarian Criminal Syndicate is very powerful octopus and thy don’t like freedom of speech. Questions are swirling about the health of Twitter Inc.’s ad business. Since taking over Twitter, Elon Musk has faced an exodus of executives and advertiser...
Jordan bought 12 Block 70 F-16s from Lockheed Martin
The US State Department approved the deal in February, saying the planes and associated equipment would cost some $4.21 billion. The Royal Jordanian Air Force (RJAF) Command has signed a deal to buy 12 Block 70 F-16 fighter jets from...
Natural Gas Pipeline Connecting Lithuania And Latvia Was Rocked By An Explosion
On Friday at around 5pm an explosion occurred in the Amber Grid gas pipeline in Pasvalys district. According to initial data, no people were injured. The explosion took place away from residential buildings. The fire is being extinguished by the...
Freeport LNG Denies Reuters Report
Freeport LNG has denied a Reuters report citing unnamed sources as saying that the restart of its Texas facility will be pushed back to February due to regulatory approval issues. On Wednesday, Reuters published a story citing three unnamed sources as saying...
Pentagon Drops COVID-19 Vaccine Mandate For Troops
More than 8,400 troops were forced out of the military for refusing the dangerous jab. After football players, basketball players and sports commentators drop like bowling pins every day on live TV watch, Department of Defense (Pentagon) announced on Tuesday.....