Oil market faces ‘considerable uncertainties,’ OPEC warns

video Tim Stewart: I’ve never seen OPEC ‘stiff-arm’ the US president U.S. Oil & Gas Association president Tim Stewart discusses how Biden can stabilize the ‘volatile global oil market’ on ‘Cavuto: Coast to Coast.’ OPEC left its forecast for global oil supply and demand largely unchanged Monday, as it warned that major unknowns such as Covid-19 cases in China and […]

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US faces national security ‘threat,' rising energy bills over 'too much' Russian dependence, CEO warns

video US facing ‘real national security threat’ over ‘too much’ Russian energy dependence: Amir Adnani Uranium Energy Corp. founder and CEO Amir Adnani says ‘energy is life’ and stresses that the U.S. must be in control of its own supply and ‘destiny.’ One U.S. energy CEO is calling out President Joe Biden’s proposed windfall profits tax and further finger-pointing at […]

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US Judge Blocks Penguin Random House’s Planned Merger Of Simon & Schuster

A federal judge has blocked Publisher Penguin Random House’s $2.18 billion merger deal with peer Simon & Schuster citing competition concerns for author payouts, reports said. The ruling comes in favor of the U.S. Justice Department’s antitrust challenge that the intended merger would unlawfully curtail competition. In response, consumer-book publisher Penguin Random House, owned by German media company Bertelsmann SE, […]

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Safe Harbor Financial To Acquire Abaca For $30 Mln

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (SHFS), announced Monday it has entered into an agreement to acquire Rockview Digital Solutions, Inc. d/b/a Abaca, an industry-leading cannabis financial technology platform, for $30 million. Built on modern cloud-hosted technology by banking and compliance experts, Abaca’s digital-first commercial banking solutions make cannabis banking easy by revolutionizing access to cutting-edge banking and financial […]

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Eutelsat Says Moving To Full Combination With UK’s OneWeb

French satellite operator Eutelsat Communications (ETL), which has signed a Memorandum of Understanding with British communications network OneWeb for a potential combination, Wednesday said it is moving to the next level in the deal, with a full combination. In July, Eutelsat and key OneWeb shareholders signed the MoU to combine the companies in an all-share deal, whereby the shareholders of […]

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Inflation law tax credits to brighten platinum prices

video Green economy enthusiasts creating a long-term demand for energy: Dietz Peapack Private Wealth Management managing principal cautions investors to not overreact to July’s inflation rate on ‘Making Money.’ The Inflation Reduction Act (IRA) should lift prices of platinum, a key component of many green technologies, by expanding tax credits to stimulate demand for hybrid and electric vehicles, charging and […]

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IRobot Withdraws Guidance, Posts Adj. Loss In Q2; Details Cost-Reduction Actions

iRobot Corp. (IRBT) said the company has withdrawn its 2022 financial expectations issued in early May 2022, as well as its long-term financial targets provided in December 2021. Given the ongoing disruptions and uncertainty, iRobot is suspending its practice of providing financial guidance. Separately, iRobot announced it has entered into a definitive agreement to be acquired by Amazon.com, Inc. (AMZN) […]

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