Trafigura Group and Phillips 66 are the leading recipients of US government waivers allowing the use of foreign-flagged tankers to ship oil, fuel and other cargoes between domestic ports. Commodity traders, refiners and other companies have hauled almost 50 cargoes of gasoline, diesel, jet fuel and other products from ports along the Gulf Coast and elsewhere to destinations as far away as Californ...
Trafigura Group and Phillips 66 are the leading recipients of US government waivers allowing the use of foreign-flagged tankers to ship oil, fuel and other cargoes between domestic ports. Commodity traders, refiners and other companies have hauled almost 50 cargoes of gasoline, diesel, jet fuel and other products from ports along the Gulf Coast and elsewhere to destinations as far away as California and Alaska since the waivers were announced to ease the war-driven price crunch, data from the US Maritime Administration shows. The pace of such shipments has accelerated in recent weeks as the Iran conflict that halted most Persian Gulf energy shipments drags on. The waivers are intended to cushion American consumers from escalating prices by temporarily permitting companies to ferry oil and fuels between US ports via foreign vessels, which typically charge lower fees. The list of waiver recipients also includes Exxon Mobil Corp. and Shell Plc , according to the data. More than 35 waivers have been granted in the past four weeks, triple the rate of issuances during the first four weeks of the program. Some of the waivered voyages have carried fuel from the Gulf Coast to California, where dwindling in-state fuelmaking capacity has tightened supplies in a state known for the costliest gasoline and diesel in the nation. In addition, foreign shipping is being used for intrastate deliveries in both Texas and California, the data shows. Domestic shippers have seen some contracts canceled in favor of lower-cost foreign vessels, said Craig Montesano, a vice president at American Waterways Operators, a trade group that supports the Jones Act’s prohibition on using overseas tonnage between US ports. “The longer the waiver goes on, it’s a continued invitation for more foreign entrance into the domestic market that would take away business that US vessels could do,” Montesano said. Read More: Shipping Waiver Prompts US Oil Flow From Texas to East Coast Trafigura, whose routes have...
TerraVest Industries press release ( TVK:CA ): Q2 Revenue of $442.5M. Cash flow from operating activities for the second quarter and six months ended March 31, 2026 were $58,540 and $155,088 versus $34,225 and $70,828 for the prior comparable periods. Adjusted EBITDA for the second quarter and six months ended March 31, 2026 were $75,503 and $143,289 versus $65,687 and $114,587 for the prior compa...
TerraVest Industries press release ( TVK:CA ): Q2 Revenue of $442.5M. Cash flow from operating activities for the second quarter and six months ended March 31, 2026 were $58,540 and $155,088 versus $34,225 and $70,828 for the prior comparable periods. Adjusted EBITDA for the second quarter and six months ended March 31, 2026 were $75,503 and $143,289 versus $65,687 and $114,587 for the prior comparable periods. This represents increases of 15% and 25% respectively, which is the result of the reasons explained above. More on TerraVest Industries TerraVest Industries announces automatic purchase plan for common shares Historical earnings data for TerraVest Industries Dividend scorecard for TerraVest Industries Financial information for TerraVest Industries
The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago
The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago
Xi Jinping warned Donald Trump that Taiwan could lead to "clashes" between the superpowers, calling it a "highly dangerous situation" for the world's biggest economies. Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue, joins Ed Ludlow on "Bloomberg Tech" to discuss what this means for the US tech sector and what else transpired from the meeting between the two leaders. (Sour...
Xi Jinping warned Donald Trump that Taiwan could lead to "clashes" between the superpowers, calling it a "highly dangerous situation" for the world's biggest economies. Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue, joins Ed Ludlow on "Bloomberg Tech" to discuss what this means for the US tech sector and what else transpired from the meeting between the two leaders. (Source: Bloomberg)
Ouster (NasdaqGS:OUST) launched its Rev8 family of digital lidar sensors with patented native color capabilities for 3D perception. The Rev8 platform is designed to work with NVIDIA DRIVE Hyperion and the NVIDIA Jetson platform for autonomous vehicles and AI applications. Ouster is collaborating with DXOMARK to target higher image quality for its new lidar systems. For investors tracking sensing t...
Ouster (NasdaqGS:OUST) launched its Rev8 family of digital lidar sensors with patented native color capabilities for 3D perception. The Rev8 platform is designed to work with NVIDIA DRIVE Hyperion and the NVIDIA Jetson platform for autonomous vehicles and AI applications. Ouster is collaborating with DXOMARK to target higher image quality for its new lidar systems. For investors tracking sensing technology, Ouster focuses on digital lidar for robotics, automotive, and industrial markets...
Pakin Jarerndee/iStock via Getty Images This article updates my review of June 2024 in light of recent performance and current holdings. JQUA strategy JPMorgan U.S. Quality Factor ETF ( JQUA ) was launched on 11/08/2017 and tracks the JP Morgan US Quality Factor Index. JQUA has a portfolio of 290 stocks, a 30-day SEC yield of 1.07%, and an expense ratio of 0.12%. Distributions are paid quarterly. ...
Pakin Jarerndee/iStock via Getty Images This article updates my review of June 2024 in light of recent performance and current holdings. JQUA strategy JPMorgan U.S. Quality Factor ETF ( JQUA ) was launched on 11/08/2017 and tracks the JP Morgan US Quality Factor Index. JQUA has a portfolio of 290 stocks, a 30-day SEC yield of 1.07%, and an expense ratio of 0.12%. Distributions are paid quarterly. As described by JPMorgan , the underlying index selects constituents from the Russell 1000 Index based on a rules-based methodology involving profitability, quality of earnings, and solvency metrics . The weighting process is designed to ensure diversification across sectors and constituents. The portfolio turnover rate in the most recent fiscal year was 19%. This article will use as a benchmark the parent index Russell 1000, represented by iShares Russell 1000 ETF ( IWB ). Portfolio The fund invests almost exclusively in U.S. companies (over 99% of asset value), mostly in large and mega caps (about 59%), with a focus on information technology (38%). Other sectors are below 13%. The sector breakdown is very close to the benchmark’s, although JQUA slightly overweights technology and downplays communication. Sector breakdown (Chart: author; data: Fidelity, iShares) The fund has low company-specific risk. The top 10 holdings, listed below, represent 20.3% of asset value, and the heaviest position weighs 2.4%. Ticker Name Weight MU Micron Technology, Inc. 2.44% GOOGL Alphabet Inc.-CL A 2.40% NVDA NVIDIA Corporation 2.26% AAPL Apple Inc. 2.16% AVGO Broadcom Inc. 2.05% AMD Advanced Micro Devices, Inc. 2.01% XOM Exxon Mobil Corporation 1.81% BRK.B Berkshire Hathaway Inc. 1.77% META Meta Platforms, Inc. 1.68% JNJ Johnson & Johnson 1.67% Click to enlarge Fundamentals Aggregate growth rates are inferior to IWB’s (especially earnings growth). Valuation ratios are mixed but not far from the benchmark. JQUA IWB P/E TTM 25.55 26.48 Price/Book 5.63 4.91 Price/Sales 3.84 3.35 Price/Cash Fl...
July NY world sugar #11 (SBN26 ) today is down -0.38 (-2.47%), and Aug London ICE white sugar #5 (SWQ26 ) is down -13.40 (-2.94%). Sugar prices are sharply lower today as a rally in the dollar index ($DXY ) to a 2-week high has spurred long liquidation in sugar...
July NY world sugar #11 (SBN26 ) today is down -0.38 (-2.47%), and Aug London ICE white sugar #5 (SWQ26 ) is down -13.40 (-2.94%). Sugar prices are sharply lower today as a rally in the dollar index ($DXY ) to a 2-week high has spurred long liquidation in sugar...
U.S. lawmakers, including Senator Elizabeth Warren, have opened a probe into how Amazon's AI data centers affect electricity usage and consumer utility bills. The investigation focuses on AI driven infrastructure growth, the power required to run these facilities, and related stress on local grids. Rising community opposition to new AI data center projects is adding environmental and political pre...
U.S. lawmakers, including Senator Elizabeth Warren, have opened a probe into how Amazon's AI data centers affect electricity usage and consumer utility bills. The investigation focuses on AI driven infrastructure growth, the power required to run these facilities, and related stress on local grids. Rising community opposition to new AI data center projects is adding environmental and political pressure around Amazon's expansion plans. For investors watching NasdaqGS:AMZN, this scrutiny...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: CSIS Senior Fellow Chair in China Studies Henrietta Levin, Delta CEO Ed Bastian, BMO Capital Markets Senior Economist Jennifer Lee, and Atlas Merchant Founding Partner & CEO Bob Diamond. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: CSIS Senior Fellow Chair in China Studies Henrietta Levin, Delta CEO Ed Bastian, BMO Capital Markets Senior Economist Jennifer Lee, and Atlas Merchant Founding Partner & CEO Bob Diamond. (Source: Bloomberg)
The prospect of a contest exposes a deeper truth: the party’s problems go far beyond Keir Starmer In politics, opportunities for supreme power are rare and fleeting. Yet rather than making challengers to Sir Keir Starmer more ruthless, this truth seems to have made them more cautious. The health secretary, Wes Streeting, resigned from the cabinet but did not launch a leadership bid. Rather than pr...
The prospect of a contest exposes a deeper truth: the party’s problems go far beyond Keir Starmer In politics, opportunities for supreme power are rare and fleeting. Yet rather than making challengers to Sir Keir Starmer more ruthless, this truth seems to have made them more cautious. The health secretary, Wes Streeting, resigned from the cabinet but did not launch a leadership bid. Rather than provoke a contest, Mr Streeting’s message to Sir Keir was that since his authority was gone, his duty was to depart and enable an orderly transition rather than cling to office. If the Labour leadership were truly up for grabs, winning it would require opportunism, a feel for elite collapse and a willingness to defy both the party establishment and orthodoxy. Those who successfully seize the crown – Lloyd George, Harold Macmillan, Margaret Thatcher and Boris Johnson – recognise their moment and act decisively. These leaders were also not subject to the Labour party rulebook. Continue reading...
Last May, the U.S. Department of Energy (DOE) set a deadline for at least three advanced reactors to achieve criticality -- or proof of sustainable, controlled chain reactions -- by July 4, 2026, to advance its Reactor Pilot Program for accelerated nuclear tests. Oklo (NYSE: OKLO) , a developer of microreactors for nuclear power plants, is participating in that program through several major projec...
Last May, the U.S. Department of Energy (DOE) set a deadline for at least three advanced reactors to achieve criticality -- or proof of sustainable, controlled chain reactions -- by July 4, 2026, to advance its Reactor Pilot Program for accelerated nuclear tests. Oklo (NYSE: OKLO) , a developer of microreactors for nuclear power plants, is participating in that program through several major projects -- including its Groves Isotope Reactor in Texas and Aurora Powerhouse reactor in Idaho. Oklo aims to achieve criticality at its Groves project by the DOE's deadline. Its newly acquired medical and industrial isotopes business, Atomic Alchemy, has been developing that facility. Should you buy Oklo's volatile stock -- which has swung between $34.10 and $193.84 per share over the past 52 weeks -- before that key date? Image source: Oklo. Continue reading