Justin Sullivan/Getty Images News The U.S. Supreme Court sided Friday with oil companies in a lawsuit seeking to hold them liable for the erosion of Louisiana's coastal wetlands in a unanimous decision , sending a state jury verdict that ordered Chevron ( CVX ) to pay $745M to clean up the damage back to federal court. Backed by the Trump administration, the companies said the work in Louisiana st...
Justin Sullivan/Getty Images News The U.S. Supreme Court sided Friday with oil companies in a lawsuit seeking to hold them liable for the erosion of Louisiana's coastal wetlands in a unanimous decision , sending a state jury verdict that ordered Chevron ( CVX ) to pay $745M to clean up the damage back to federal court. Backed by the Trump administration, the companies said the work in Louisiana started as an effort to quickly increase the supply of aviation gasoline for the U.S. government during World War II and so should be heard in federal court. The justices agreed, noting Congress has long allowed lawsuits against the federal government and its contractors to be heard in federal court. "This suit implicates acts by Chevron that are closely connected to the performance of its federal duties," Justice Thomas wrote for the court. The decision was not related to the merits of the case, which was tied to Chevron's ( CVX ) actions in Louisiana's Plaquemines Parish, but it could affect a fight between Louisiana and the oil and gas industry that has been mired in procedural disputes for 13 years. Six Louisiana parishes brought 42 lawsuits against oil companies in 2013 that claimed violations of a state law that required permits for certain oil production operations after 1980; one case went to trial last year and ended in the $745M jury verdict. More on Chevron Chevron: Growth Drivers Are In Sync With Valuation And Technicals Chevron: Prolonged Iran War A Catalyst Chevron: $130-$140 Oil Is Realistic, And That's Not Good
Earnings season will kick into high gear as nearly 20% of the S&P 500 is scheduled to report their quarterly earnings. Big names reporting include Tesla, Boeing and Intel. Investors will also watch the scheduled testimony of Kevin Warsh, President Trump’s nominee for Federal Reserve chair, for signals on how he’d lead the central bank.
Earnings season will kick into high gear as nearly 20% of the S&P 500 is scheduled to report their quarterly earnings. Big names reporting include Tesla, Boeing and Intel. Investors will also watch the scheduled testimony of Kevin Warsh, President Trump’s nominee for Federal Reserve chair, for signals on how he’d lead the central bank.
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 0:22 00:22 Watch tanker and cargo ships fail to transit Strait of Hormuz after Iran declares it open News Videos Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. The oil futures contr...
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 0:22 00:22 Watch tanker and cargo ships fail to transit Strait of Hormuz after Iran declares it open News Videos Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. The oil futures contracts tumbled Friday as the market interpreted the announcement from Tehran as a major breakthrough that will ease the massive disruption to global energy supplies. The U.S. benchmark, West Texas Intermediate crude settled down 12% Friday at $83.85 per barrel, while Brent crude futures finished the day down 9%. But statements from Iranian officials and President Donald Trump have caused confusion about whether the strait is really open or not. Iran's Foreign Minister Seyed Abbas Araghchi initially said the strait was "completely open" for the remainder of the ceasefire with the U.S. and Israel. But Iranian media aligned with the Revolutionary Guard issued conditions for safe passage that resemble the rules which Tehran has imposed for weeks now. 'A false dawn' A number of tankers and cargo ships did try to exit the strait Friday via the route designated by Iran around Larak Island but they suddenly turned back, said Matt Smith, director of commodity research at Kpler. "They've clearly not been given approval to pass through," Smith said. Commercial ships must follow a route designated by Tehran and coordinate with its military, a source close to Iran's Supreme National Security Council told Tasnim News . Ships are not allowed to pass if they or their cargoes are linked to hostile nations, according to the Tasnim report. It is "unclear whether there's a dramatic change here," said Tomer Ranaan, a maritime risk analyst at Lloyd's List Intelligence. "Iran still wants ships to transit through its territorial waters." Trump, meanwhile, said the U.S. naval blockade of Iran remains...
World, which has raised eyebrows (but also a lot of interest) with its Orb-centered anonymous verification project, is looking to expand its influence via a bevy of new partnerships.
World, which has raised eyebrows (but also a lot of interest) with its Orb-centered anonymous verification project, is looking to expand its influence via a bevy of new partnerships.
In this article .DJA .SPX .IXIC Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer on Friday laid out his game plan for the week ahead after what he called one of the most "remarkable" rallies he's ever seen. "If you didn't believe we could have still one more week where we'd rally 3%, you'd be right," Cramer said. "We actually rallied 4% thanks to today's gigantic moves as peace se...
In this article .DJA .SPX .IXIC Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer on Friday laid out his game plan for the week ahead after what he called one of the most "remarkable" rallies he's ever seen. "If you didn't believe we could have still one more week where we'd rally 3%, you'd be right," Cramer said. "We actually rallied 4% thanks to today's gigantic moves as peace seems to be breaking out in the Middle East." The major averages surged on news of Iran reopening the Strait of Hormuz during the ceasefire between Israel and Lebanon — a critical artery for global oil transport. The Dow Jones Industrial Average jumped 869 points, or 1.7%, while the S&P 500 and Nasdaq gained 1.2% and 1.5%, respectively. The Nasdaq extended its winning streak to 13 sessions — its longest positive run of consecutive sessions since 1992. Cramer said the market's resilience has been striking, noting that stocks have rallied through nearly every phase of the war with broad-based participation across sectors. The Mideast conflict, however, is not over yet. President Donald Trump said the U.S. naval blockade on Iranian ships and ports "will remain in full force" until Tehran reaches a deal with Washington to end the war. With that in mind, Cramer turned to the week ahead, where a packed slate of earnings will help determine whether the rally can keep running. Monday Alaska Air reports, and while it's not typically a focal point, Cramer said the possibility of the end of the war could revive merger activity across the airline space as the post-conflict backdrop improves. Tuesday Cramer is optimistic about the results from RTX , encouraging investors to buy the dip ahead of its report. He highlighted the company's unique mix of defense strength and commercial aerospace exposure. After the close, United Airlines reports, with investors watching for any commentary on a potential merger with American Airlines . Wednesday "Wednesday's pure dynamite," Cramer said. Boeing a...
hknoblauch/iStock via Getty Images CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by Peter Vanderlee, Portfolio Manager with ClearBridge Investments. ClearBridge is an affiliate of Franklin Templeton and sub-advisor for ClearBridge Energy Midstream Opportunity Fund ( EMO ). We are happ...
hknoblauch/iStock via Getty Images CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by Peter Vanderlee, Portfolio Manager with ClearBridge Investments. ClearBridge is an affiliate of Franklin Templeton and sub-advisor for ClearBridge Energy Midstream Opportunity Fund ( EMO ). We are happy to have you with us today, Peter. Peter Vanderlee: Wonderful to be here. Thanks for having me. CEFA: Peter, I mentioned the ClearBridge Energy Midstream Opportunity Fund. Can you discuss the investment strategy of the fund? Peter Vanderlee: The ClearBridge Energy Midstream Opportunity Fund focuses on investing primarily in North American midstream energy companies, businesses that transport, store, and process oil, natural gas, and natural gas liquids. These are typically fee-based models, which means they generate stable cash flows with limited direct exposure to commodity price volatility. Our strategy emphasizes high-quality companies with strong balance sheets, durable asset footprints, and disciplined capital allocation. We're particularly focused on businesses that can generate sustainable free cash flow and return capital to shareholders through dividends and share buybacks. Importantly, the fund seeks to deliver a combination of attractive income and long-term capital appreciation, while also benefiting from structural growth trends in the U.S. energy production and export, especially in LNG. CEFA: How do you determine the specific security selections as you build your portfolio? Peter Vanderlee: Security selection is grounded in a bottom-up fundamental process. We focus on five key pillars that can be summarized as follows. Number one, balance sheet strength and leverage discipline. In practice, this means low to moderate leverage ratios for the companies we invest in. Our companies also typically have a rating of investment grade. Number two, quality and strateg...
It's been 40 years since animal advocates founded a sanctuary for farm animals in New York and California, and they say April 17 is their first global sanctuary day.
It's been 40 years since animal advocates founded a sanctuary for farm animals in New York and California, and they say April 17 is their first global sanctuary day.
The Latest On The Redistricting Battles Authored by Jackson Richman & Joseph Lord via The Epoch Times (emphasis ours), Despite the midterm season underway, the lines of congressional maps have not been finalized as redistricting battles continue nationwide. Voters fill out their ballots at a polling station in the Hillsboro Old Stone School in Hillsboro, Va., on Nov. 4, 2025 Anna Moneymaker/Getty ...
The Latest On The Redistricting Battles Authored by Jackson Richman & Joseph Lord via The Epoch Times (emphasis ours), Despite the midterm season underway, the lines of congressional maps have not been finalized as redistricting battles continue nationwide. Voters fill out their ballots at a polling station in the Hillsboro Old Stone School in Hillsboro, Va., on Nov. 4, 2025 Anna Moneymaker/Getty Images Since Texas’s opening salvo, lawmakers in both parties from Florida to California have pushed for partisan redistricting in their states as a high-stakes midterm election season approaches. Here is the latest on states redrawing their congressional maps. Virginia The Democratic-led General Assembly passed in February a new U.S. House map that will only go into effect if voters approve a referendum to allow the state to do mid-decade redistricting. The state Supreme Court has yet to rule whether the effort is valid, but said the vote on the constitutional amendment can proceed. Before the court is an appeal of a county judge’s ruling that the amendment is illegal because lawmakers violated their own rules while passing it. Florida Gov. Ron DeSantis has called a special legislative session to begin Monday on redrawing the state’s congressional map. Republicans haven’t yet publicized what the lines would look like. However, the state constitution states that redistricting cannot favor or disfavor a political party or incumbent. Texas The Lone Star State last year added five congressional districts that favor Republicans after Trump urged the state to redistrict and after the Department of Justice suggested that several districts in the state unconstitutionally grouped minorities to make a majority. The U.S. Supreme Court has upheld the new map. California Voters in November approved a referendum that circumvents an independent commission by adding five congressional districts that favor Democrats. The U.S. Supreme Court denied an appeal from Republicans, who claimed tha...
We get into the heart of the Q1 earnings season this upcoming week, with 90 S&P 500 members on the docket. The line-up represents a cross-section of all sectors, ranging from blue-chip operators, consumer finance companies, and Tech players.
We get into the heart of the Q1 earnings season this upcoming week, with 90 S&P 500 members on the docket. The line-up represents a cross-section of all sectors, ranging from blue-chip operators, consumer finance companies, and Tech players.
We get into the heart of the Q1 earnings season this upcoming week, with 90 S&P 500 members on the docket. The line-up represents a cross-section of all sectors, ranging from blue-chip operators, consumer finance companies, and Tech players.
We get into the heart of the Q1 earnings season this upcoming week, with 90 S&P 500 members on the docket. The line-up represents a cross-section of all sectors, ranging from blue-chip operators, consumer finance companies, and Tech players.