Justin Sullivan/Getty Images News Chevron's ( CVX ) Noble Energy unit said late Tuesday it has taken a final investment decision on the Aseng gas project in Equatorial Guinea , marking a milestone in the country's efforts to expand its gas sector and strengthen its long-term energy strategy. Chevron's ( CVX ) head of Nigeria and Mid-Africa operations Jim Swartz said the breakthrough builds on an a...
Justin Sullivan/Getty Images News Chevron's ( CVX ) Noble Energy unit said late Tuesday it has taken a final investment decision on the Aseng gas project in Equatorial Guinea , marking a milestone in the country's efforts to expand its gas sector and strengthen its long-term energy strategy. Chevron's ( CVX ) head of Nigeria and Mid-Africa operations Jim Swartz said the breakthrough builds on an agreement signed with the Equatorial Guinean government in September that provided competitive fiscal and tax terms to support the project. Swartz said the project scope includes developing gas resources in the Aseng field through existing midstream infrastructure, with the potential to sustain the supply of liquefied natural gas from Equatorial Guinea to global markets into the mid-2030s. The project also could unlock further upstream investments, including in the Chevron-operated ( CVX ) Block O Alen field, the cross-border Yoyo-Yolanda field, and exploration activities in blocks acquired by the company in 2024, Swartz said. More on Chevron Chevron: $130-$140 Oil Is Realistic, And That's Not Good Chevron: Avoid Market Top Bargains Chevron: Trades Near $190 As Energy Sentiment Improves
The S&P Global Canada Manufacturing PMI fell to 50.0 in March 2026 from 51.0 in the previous month signalling a stagnation of manufacturing sector performance and ending a two-month period of improvement. “Canada’s manufacturing sector again experienced subdued performance during March. Production declined marginally and new orders were down modestly, in part linked to tariffs on trade with the ne...
The S&P Global Canada Manufacturing PMI fell to 50.0 in March 2026 from 51.0 in the previous month signalling a stagnation of manufacturing sector performance and ending a two-month period of improvement. “Canada’s manufacturing sector again experienced subdued performance during March. Production declined marginally and new orders were down modestly, in part linked to tariffs on trade with the neighbouring United States. “Firms also noted that high prices were a problem for clients, but with costs rising sharply again amid supply chain disruption and increased fuel prices stemming from the war in the Middle East, manufacturers saw little choice but to increase their own charges." said , Paul Smith, Economics Director at S&P Global Market Intelligence. More on Canada EWC: Canadian Stocks Can Keep On Delivering EWC: Strong Fundamentals, But Valuation Keeps Me Neutral OECD lifts G20 inflation outlook as rising energy prices impact global markets Bank of Canada holds policy rate at 2.25% amid uncertainty over Middle East conflict Seeking Alpha’s Quant Rating on iShares MSCI Canada ETF
(RTTNews) - Retail sales in the U.S. increased by slightly more than expected in the month of February, the Commerce Department revealed in a report released on Wednesday.
(RTTNews) - Retail sales in the U.S. increased by slightly more than expected in the month of February, the Commerce Department revealed in a report released on Wednesday.
Shares of Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng (NYSE:XPEV) are all trading higher Wednesday morning after each posted March delivery figures, while Tesla (NASDAQ:TSLA) ticks up modestly ahead of its own Q1 report. The Chinese EV trio is riding a strong end-of-quarter rebound, with March delivery figures confirming the momentum. Nio shares are up ... Nio, Li Auto, and Xpeng Climb on Recor...
Shares of Nio (NYSE:NIO), Li Auto (NASDAQ:LI), and Xpeng (NYSE:XPEV) are all trading higher Wednesday morning after each posted March delivery figures, while Tesla (NASDAQ:TSLA) ticks up modestly ahead of its own Q1 report. The Chinese EV trio is riding a strong end-of-quarter rebound, with March delivery figures confirming the momentum. Nio shares are up ... Nio, Li Auto, and Xpeng Climb on Record March Deliveries as Tesla Faces a Softer Q1
NorGal/iStock via Getty Images By Simon Wan and Tom Becker AI hasn’t just increased demand for memory - it has fundamentally recast memory as a defining strategic asset in the AI era. Micron Technology, Inc., March 18, 2026 Solid-state electronics control the modern economy. The critical nature of these microelectronics became front-page news during the COVID pandemic when supply chain-related chi...
NorGal/iStock via Getty Images By Simon Wan and Tom Becker AI hasn’t just increased demand for memory - it has fundamentally recast memory as a defining strategic asset in the AI era. Micron Technology, Inc., March 18, 2026 Solid-state electronics control the modern economy. The critical nature of these microelectronics became front-page news during the COVID pandemic when supply chain-related chip shortages forced the shutdown of automotive production lines and doubled the secondary market prices for consumer goods like the PlayStation 5 console. Those acute 2020 supply shortages contributed to the surge in global goods price inflation and also catalyzed numerous fiscal expansions, like the US CHIPS ACT , as countries sought to create incentives to reshore microelectronic production and reduce supply chain dependencies. Whereas the 2020 jump in microelectronics prices was primarily attributable to supply chain disruptions, we now see a booming global industrial cycle generating excessive demand for these critical microelectronics. The current investment boom in artificial intelligence (AI) datacenters and remilitarization is generating a demand-driven increase in microchip prices. Sharp rises in integrated circuit prices have the potential to generate another bout of global goods price inflation in 2026. In portfolios like the Tactical Opportunities Fund , inflation-related insights help to inform our directional short government bond positions. Higher chip prices also boost the international trade competitiveness of the developed market (DM) North Asian countries - Japan, South Korea, and Taiwan - that control the production of many of these critical microchips. The improvement in this region’s terms of trade helps to inform our cross-sectional longs to the stock and bond markets of these countries. Integrated circuit prices defying Moore’s Law The plots below show the recent price jumps for DRAM chips alongside the longer-term deflationary price dynamics. Prices ...