This maneuver is boosting oil shipments through the Strait of Hormuz
Middle East oil producers are finding more ways to evade Iranian threats and push more of their product to market.
Similar Posts
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is expanding into a line of personal care products for kids ages 6 to 11 that will be sold in Walmart and on Amazon, the company told CNBC exclusively. CEO Chelsea Hirschhorn said the launch marks the next natural step for the company, which has seen its first customers age into…
AIG’s General Insurance Q2 Underwriting Income Up 10%
Second quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 10% compared with the prior year, to $686 million. Insurance financial results for Q2 included catastrophe losses of $210 million, and increase over the $170 million AIG absorbed during Q2 2025. AIG said catastrophe losses during Q2 include $75 million…
Micron CEO pushes back on memory bear case. 3 takeaways from Cramer’s interview
Micron CEO Sanjay Mehrotra did plenty to quiet the bears. That’s our conclusion from Jim Cramer’s extended interview with Mehrotra, which aired Thursday night on “Mad Money.” Mehrotra’s pioneering career in the volatility-prone memory industry spans more than four decades, beginning at Intel in the early days of the personal computing era, before going on…
Asian private credit fundraising falls to 12-year low
Fundraising by Asia-based private credit managers has fallen to its lowest level in more than a decade, as concerns over corporate defaults and high-profile bankruptcies prompt investors to favour larger, established US firms, according to a report by the Financial Times. Only five private credit funds based in Asia closed during the first half of…
AICPA offers new crypto guidance, IRS recommendations
The American Institute of CPAs has updated its practice aid, Accounting for and Auditing of Digital Assets, with new guidance on auditing stablecoins and cryptomining revenue, while separately asking the IRS to speed up its processes for changing names and addresses of taxpayers. Processing Content The August update contains a new chapter devoted to accounting…
Why HP Stock Topped the Market Today
Investors were reassessing HP‘s (NYSE: HPQ) recently published fiscal third-quarter earnings report, and, given that the stock rose on Friday, it seems they’ve become more bullish on the company’s prospects. This was helped by another in a series of post-earnings analyst price target hikes. The veteran tech hardware company’s shares closed that trading session 3%…
