Author: Press Room

With one of the most valuable natural gas pipeline systems in the country in Transco and an attractive valuation, Williams Companies (NYSE:WMB) look like an attractive stock at current levels. Company Profile WMB is a diversified midstream operator. It owns interstate natural gas pipelines; gathering, processing and treating assets; NGL marketing services, and crude oil transportation and production handling assets. The company operates in four segments. Its Transmission & Gulf of Mexico segment includes its large interstate natural gas pipelines Transco, Northwest Pipeline, and MountainWest, as well as related natural gas storage facilities. The segment also includes natural gas gathering…

Investors are loading up on protection against a fresh round of financial turmoil in US regional bank stocks as lenders prepare to reveal how badly their earnings have been squeezed by the troubles that took down Silicon Valley Bank.Regional bank share prices have stabilised since SVB’s collapse sparked a massive mid-March slide, but traders are buying record amounts of options tied to midsized lenders that had some of the highest volatility, according to Bloomberg data. Several banks that were badly hit in the recent volatility — including Citizens Financial, Charles Schwab and Keybank — have seen options interest hit record…

Health and Human Services Secretary Xavier Becerra on Sunday said “everything is on the table” following a Texas federal judge’s ruling to suspend the Food and Drug Administration’s approval of the medication abortion drug mifepristone. In an interview with CNN’s Dana Bash on “State of the Union,” the secretary would not say whether he believes the FDA should ignore the ruling and keep the drug on the market, but he maintained that the Biden administration is considering all options. “We want the courts to overturn this reckless decision,” Becerra said, adding that there was a “good chance” of Supreme Court…

Investors are suddenly worried about a potential recession. That means “bad news” on the economy might no longer be “good news” for the stock market.Until recently, investors welcomed signs of a slowing economy, figuring it meant the Federal Reserve would soon stop raising interest rates, presumably in time to avert a recession as inflation cooled. Following last month’s banking troubles, investors appear more fearful of a potential downturn, market watchers said. The market has shifted its focus from inflation to recession this year, according to Michele Morra, portfolio manager at Moneyfarm. The recent employment data adds to the growing evidence that…

Sleep can make you wealthier. That’s because of the stock market’s historical tendency to make most of its daily move overnight, between the closing and opening bell.To illustrate how this night-vs.-day pattern works, consider the U.S. stock market’s performance on a recent Tuesday in March. Most of that day’s gain came between the market close on Monday and the Tuesday open. The table below shows the returns for large-cap and small-cap stocks. Though the big move in the right-most column were what the headlines reported, the actual returns during Tuesday’s session were far less impressive. Index Return from market close…

My mother is 80, unmarried, and owns two homes on one lot in Berkeley, Calif. The property consists of one single-family home and one cottage. She lives in one and rents the other. She has never really worked and has no savings. She rents one of the houses and lives in the other, getting by with the rental income and nominal Social Security of approximately $1,500 a month. Due to expensive repairs needed during the last year, she now has no cash reserves, and she’d like to fix that. She would ideally like to tap into some of the equity in…

President Biden’s Environmental Protection Agency is proposing tighter rules to limit emissions of harmful mercury and other pollutants from coal-fired electric power plants, officials announced Wednesday. If passed, the updates would be the first regulatory tightening of its kind imposed in more than a decade and would roll back looser emissions and pollutant standards advanced late in former President Donald Trump’s administration. The EPA proposal, after a comment period, would go into effect next year. The EPA’s latest moves follow a legal finding by the agency earlier this year that determined regulating toxic emissions under the Clean Air Act is…

© Reuters. FILE PHOTO: Traffic passes a Samsung Electronics Co digital billboard in the Times Square area of Manhattan in New York City, U.S. March 2, 2023. REUTERS/Chris Helgren By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung (KS:) officials and analysts -…

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp’s Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy in a meeting with Wall Street. Exxon is tackling what should be a multi-trillion market in 10 years or more, Woods said. The result will be an Exxon less prone to commodity price swings through predictable, long-term contracts with…

By Ambar Warrick Investing.com — Most Asian currencies kept to a tight range on Thursday amid caution ahead of key Chinese economic data, while easing fears of a banking crisis spurred sharp gains in Treasury yields and a recovery in the dollar. The dollar rose in overnight trade, and firmed slightly in the Asian session as easing pressure on the banking sector saw markets reassess their outlook on in the near-term. The and rose less than 0.1% each, after adding 0.2% in overnight trade. The was flat as investors digested a slew of signals on Asia’s largest economy. Premier Li…