Sage Investment Club

S.O.S for the U.S. Electric Grid: WSJ

PJM Interconnection sounds the latest alarm that fossil-fuel plants are shutting down without adequate replacement power. The political class yawns. Source link

TotalEnergies reveals $3.1 billion exposure to Adani

TotalEnergies, the French-headquartered energy giant, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, becoming the first western company to outline its exposure to the company which has shed billions of dollars in market capitalization. In a statement posted on its website Friday, the multinational oil giant outlined the […]

Adani selloff worsens after cancellation of $2.5 billion share sale

Shares of Adani Group companies continued their multi-day plunge Thursday, hours after the Indian conglomerate cancelled an up-to-$2.5 billion share sale amid a record dive in the stock price of its flagship company. Shares of Adani Enterprises 512599, -7.78% were last down 8.8%, a day after the stock fell more than 28% in its biggest […]

Oil prices gain for the session, but post a January loss

Front-month oil futures ended higher on Tuesday, but U.S. prices posted a third-straight monthly decline, ahead of this week’s Federal Reserve decision on interest rates and amid signs that Russian crude exports remain resilient. Prices for the U.S. and global crude benchmarks marked their biggest monthly declines since November 2022, while natural gas marked its […]

Here’s why a record-setting lack of snow in New York City is pretty chilling

Snow has been a no-show in New York City this winter, the longest stretch without measurable accumulation in the several decades that meteorologists have been paying attention to this figure. New York isn’t alone, as much of the East Coast has been blanketed in a gray, rainy and noticeably warmer 2022-2023 winter. As of Monday, […]

Adani shares mixed after 413-page response to Hindenburg

Shares of Adani Group companies were mixed in early trading Monday after the Indian conglomerate hit back at criticisms by U.S. short seller firm Hindenburg Research in a 413-page rebuttal. Flagship company Adani Enterprises 512599, +3.47% and Adani Ports & Special Economic Zone Ltd. 532921, -0.74% were up 6.8% and 4.8%, respectively, reversing course from […]

Oil pulls back from recent gains, but traders remain optimistic on China demand

Oil futures edged lower on Tuesday, easing back after recent gains but underpinned by continued optimism over the demand outlook from China after the country dropped COVID restrictions. Natural-gas futures moved lower after posting a gain of more than 6% a day earlier on forecasts for colder U.S. weather. Price action West Texas Intermediate crude […]