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Sector News
The day's most important market news, curated and summarized across all 18 tracked sectors.
Exxon Edged Higher as IEA Sees a 5.7 Million-Barrel Supply Drop
This article first appeared on GuruFocus. Exxon Mobil (NYSE:XOM), the integrated oil-and-gas producer, edged approximately 0.2% higher to $165.49 Friday as the International Energy Agency projected a growing global supply deficit.
Saudi Arabia Shuts Key Pipeline, Adding Pressure to Oil Supplies
The 750-mile pipeline carries crude from eastern Saudi Arabia to the Red Sea port of Yanbu, avoiding shipping disruptions in the Strait of Hormuz.
Jim Cramer Praises Microsoft (MSFT) for Its Permian Power Plan with Chevron (CVX)
During the September 3 episode of Mad Money, Jim Cramer mentioned Microsoft Corporation (NASDAQ:MSFT) for its unconventional approach to powering hyperscale data centers in partnership with Chevron Corporation (NYSE:CVX). He said: How about Microsoft?
Oracle, Kroger, Adobe, and More Stocks That Explain Today’s Market
Shares of Oracle fall after the software giant’s first-quarter earnings attempt to ease some concerns about its reliance on OpenAI.
Jim Cramer Says He Is Not Going to Put His Money on AstraZeneca (AZN)
Toward the end of the lightning round on September 8, when a caller inquired about AstraZeneca PLC (NYSE:AZN), Mad Money host Jim Cramer commented: Alright, now, AstraZeneca reminds me of a company, it's not unlike Novartis. I'm a little nervous about it.
ExxonMobil Finds More Hydrocarbons in Angola's Offshore Block 15
ExxonMobil Holdings Corporation XOM, a U.S. oil and gas giant, has made a new oil and gas discovery offshore Angola at the Vicango East-01 exploration well.