Apple (NASDAQ:AAPL) reported record-breaking revenue and earnings per share on Thursday, supported by a second consecutive quarter of more than 20% growth in iPhone sales. The update marks the company’s first earnings release since its unexpected CEO transition announcement.
Apple (NASDAQ:AAPL) reported record-breaking revenue and earnings per share on Thursday, supported by a second consecutive quarter of more than 20% growth in iPhone sales. The update marks the company’s first earnings release since its unexpected CEO transition announcement.
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts and industry groups warning that stocks could soon run dry if the Iran war drags on. Ongoi...
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts and industry groups warning that stocks could soon run dry if the Iran war drags on. Ongoing disruption through the strategically vital Strait of Hormuz has triggered what the International Energy Agency has described as "the biggest energy security threat in history," although the supply shock stretches far beyond crude oil , fertilizer and helium . Base oils are the primary component used to produce high-performance lubricants for engine oils and industrial fluids. Group III and Group IV base oils, such as polyalphaolefins (PAO), are key feedstocks for synthetic finished lubricants used for automotive purposes, with PAO particularly important for luxury vehicles. Stocks are going to run dry in a month if nothing comes in and that will just cut finished lubricant production. Gabriella Twining head of base oils pricing at Argus Media The Gulf region accounts for as much as 20% of global Group III base oils capacity and accounts for 72% and 47% of Group III imports by Europe and the U.S., respectively, last year, according to Argus Media. Supercars, which are especially prevalent in major cities such as London, Monte Carlo and Los Angeles, rely on these niche products because they can withstand extreme heat, high revolutions per minute (RPMs) and intense pressure. "The clue is in the name, as in, they are essentially the base for all finished lubricants for automotive, industrial, aviation, marine … you name it, if something moves, it will need a lubricant and that's made from a base oil," Gabriella Twining, head of base oils pricing at Argus Media, told CNBC in a phone interview. Engine oil for sale near cigarettes packs at a stand at the Bara taxi station in So...
(RTTNews) - Nippon Steel Corp. (NISTF, NISTY, 5401.T) announced that it will invest $1.9 billion in the United States Steel Corp. to build a new direct-reduced iron plant at Big River Steel Works, the electric arc furnace mini-mill complex in Osceola, Arkansas. This investment is
(RTTNews) - Nippon Steel Corp. (NISTF, NISTY, 5401.T) announced that it will invest $1.9 billion in the United States Steel Corp. to build a new direct-reduced iron plant at Big River Steel Works, the electric arc furnace mini-mill complex in Osceola, Arkansas. This investment is
Powering the intense energy needs of artificial intelligence (AI) is not as simple as relying on just one power source. Instead, many companies are building energy portfolios with multiple resources to meet varying needs. That includes everything from natural gas to solar to battery storage and more to meet current and future demand. The companies offering that type of diversified energy portfolio...
Powering the intense energy needs of artificial intelligence (AI) is not as simple as relying on just one power source. Instead, many companies are building energy portfolios with multiple resources to meet varying needs. That includes everything from natural gas to solar to battery storage and more to meet current and future demand. The companies offering that type of diversified energy portfolio are Enbridge (NYSE: ENB) , Duke Energy (NYSE: DUK) , and NextEra Energy (NYSE: NEE) . Let's look at how these three stocks could power your portfolio into the future. Image source: Getty Images. Continue reading