Hong Kong/London CNN — Shell made a document revenue of virtually $40 billion in 2022, greater than double what it raked within the earlier 12 months after oil and fuel costs soared following Russia’s invasion of Ukraine. Europe’s largest oil firm by income reported adjusted full-year earnings of $39.9 billion on Thursday — greater than … Read more
A model of this story first appeared in CNN Enterprise’ Earlier than the Bell publication. Not a subscriber? You may join proper right here. You may hearken to an audio model of the publication by clicking the identical hyperlink. New York CNN — Buyers are fairly dangerous at dwelling within the second. We’re at present within … Read more
Editor’s Notice: A model of this story appeared in CNN Enterprise’ Nightcap publication. To get it in your inbox, join free, right here. New York CNN — Whereas most blue-chip firms had been reporting losses final 12 months, Large Oil was having a second. Crude costs surged, thanks partially to excessive demand and decreased provide. … Read more
Minneapolis CNN — For the primary time in practically three years, inflation fell on a month-to-month foundation. Shopper costs decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Shopper Worth Index. The final time costs had been decrease than the earlier month was Might 2020. The carefully watched inflation gauge … Read more
CNN — The yr has solely simply began however already Europe has damaged an alarming variety of climate information as excessive warmth unfold throughout the continent. On New Yr’s Day, at the very least eight European international locations recorded their warmest January day ever: Liechtenstein, the Czech Republic, Poland, the Netherlands, Belarus, Lithuania, Denmark and … Read more
New York CNN — Final yr was dominated by scary headlines about crushing inflation, super-sized rate of interest hikes and mounting recession fears. It was a brutal interval for the inventory market, with roughly one-fifth of the worth of the S&P 500 vanishing and the Nasdaq dropping by greater than one-third. All three main US … Read more
New York CNN — It’s been a tricky 12 months for US customers, who battled decades-high inflation for almost all of the 12 months and even noticed gasoline costs hit $5 in June. The newest inflation information, not adjusted for seasonal swings, reveals worth hikes have now slowed to 7.1% for the 12 months via … Read more
New York CNN — Wall Road is bidding goodbye — and good riddance — to 2022. It has been a yr most traders would quite neglect. Russia’s invasion of Ukraine, snarled provide chains and one other yr of Covid turned markets on their head this yr. Inflation surged across the globe and central banks hiked … Read more
London CNN — Europe has agreed to a cap on pure gasoline costs, following months of debate over whether or not the measure will defend European households and companies from excessive worth spikes as temperatures plummet. In a Monday assembly, EU vitality ministers agreed to set off a cap if the value of month-ahead pure … Read more
Hong Kong CNN — Chinese language chief Xi Jinping is visiting Saudi Arabia this week for the primary time in almost seven years, throughout which he signed a complete strategic partnership with the world’s largest oil exporter and met leaders from throughout the Center East. The go to is an indication that China and the … Read more