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The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months … Read more
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted … Read more
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United Airlines is giving you options. The $22 billion airline on Tuesday offered up what it called a “bimodal” set of expectations with its guidance benchmark based on two very different macroeconomic views because “a single consensus no longer exists,” United told investors. “Either the U.S. economy will remain weaker but stable, or the U.S. … Read more
Amid the uncertainty of fiscal policy and the persistence of inflation, respondents to the CNBC Fed Survey dialed back their expectations for interest rate cuts but still believe the central bank will ease this year. Among the 25 respondents, 65% see two rate cuts in 2025, equal to the number penciled in by Federal Reserve … Read more
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