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☆ Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty
▼ + stars: | 2024-05-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Exxon filed for arbitration in March to defend the rights it claims under the joint operating agreement. Chevron and Hess have told investors that the pending deal would terminate if Exxon prevails in the dispute. Hess shareholders would bear the risk if the deal terminates because Chevron is not obligated to pay a termination fee, according to ISS. Exxon is seeking to confirm its rights under the joint operating agreement and find out the value placed on Hess' Guyana assets under the deal, Woods said. Chevron has repeatedly maintained that the Exxon's claims under the joint operating agreement do not apply to its acquisition of Hess.

Persons: Hess, Glass Lewis, Mike Wirth, Darren Woods, Woods, Wirth Organizations: Chevron, Exxon Mobil, Mobil, Exxon, China National Offshore Oil Corporation, Institutional, Services, Hess, ISS, CNBC, Federal Trade Commission Locations: York, Guyana, China

☆ 'This can no longer be justified': International outcry over Rafah attack piles more pressure on Israel
▼ + stars: | 2024-05-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

A Palestinian child plays with the rubble after Israel bombs Palestinians' tents and shelters in Rafah, Gaza on May 27, 2024. The Israel Defense Force initially said it used "precise munitions" and "intelligence" to target two senior Hamas leaders in the area. There are no safe areas in Rafah for Palestinian civilians," Macron's post read, adding: "I call for full respect for international law and an immediate ceasefire." The U.S., meanwhile, called the images coming out of the attack were "devastating" and "heartbreaking," but refrained from demanding a stop to the Rafah operation. The attack comes two days after the International Court of Justice, the United Nations' top court, asked Israel to "immediately halt" its military offensive in Rafah, citing the "disastrous" humanitarian situation.

Persons: Emmanuel Macron, Guido Crosetto, Benjamin Netanyahu, Israel Organizations: United Nations Relief, Works Agency for Palestine Refugees, Global, Israel Defense Force, National Security, Reuters, International Court of Justice, United Nations Locations: Rafah, Gaza, Gazan, Palestinian, U.S, Israel

☆ Exxon-Chevron dispute: Portfolio manager weighs in on 'crown jewel' of the transaction
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon-Chevron dispute: Portfolio manager weighs in on 'crown jewel' of the transactionRob Thummel, senior portfolio manager at Tortoise, discusses Exxon and Chevron's dispute over Hess' Guyana oil assets.

Persons: Rob Thummel, Hess Organizations: Exxon, Chevron, Tortoise Locations: Guyana

In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift's Eras tour. He often wears Swift's merchandise or friendship bracelets from her ongoing Eras tour on team calls. He's seen updates on Swift's music and personal life as something employees from across generations jump in to discuss on a team messaging forum. Meta CEO Mark Zuckerberg posted photos of his face bejeweled and wrists covered in friendship bracelets, which have become a hallmark accessory of Swift's tour. Despite that, she said, Swift's music has been a "universal language" that's helped her connect with everyone from the fathers of fans to women who see themselves in the singer.

Persons: Megh McLaughlin, Rob Breakiron, Isabelle, Taylor, Isabelle Breakiron, Taylor Swift, Swift, he's, Angela Hall, Andrew Boyagi, Boyagi, He's, Johan Cruyff, Jeff Bezos, Ray Dalio, Mark Zuckerberg, Susan St, Ledger, that's, McLaughlin, Amani Albertsen, Wise, Albertsen, Sharif Karmally, Karmally, Beyoncé, Raeah Smith, Smith, hasn't, Matt Lindner, Lindner, — Organizations: KPMG, Angela Hall of Michigan State University's School of Human Resources, Labor Relations, Society for Human Resource Management, Getty, Amazon, Disney, Michigan State's Hall, CNBC, Poets Department, Data Department Locations: Virginia, Australia, Cincinnati , Ohio, Amsterdam, Netherlands, St, HashiCorp, Florida, U.S, Atlanta, Texas, Minneapolis, Chicago

☆ News Corp. and OpenAI strike 'multi-year global partnership' deal to use journalistic content to improve ChatGPT
▼ + stars: | 2024-05-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access current and archived articles from News Corp.'s outlets, including The Wall Street Journal, MarketWatch, Barron's, The New York Post and more. As part of the deal, OpenAI will be able to display content from News Corp.-owned outlets within its ChatGPT chatbot, in response to user questions. The news follows Reddit's announcement on Thursday that it will partner with OpenAI, allowing the ChatGPT maker to train its AI models on Reddit content. As part of that deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. Google announced a similar partnership with Reddit in February, allowing the company to train its AI models, such as Gemini, on Reddit content via access to the platform's API.

Persons: Sam Altman, Robert Thomson, OpenAI, Reddit, Mira Murati, Murati Organizations: Economic, News Corp, Wednesday, Street, The New York Post, News, Google, Reddit Locations: Davos, Switzerland, OpenAI, The, OpenAI's

☆ 'Mad Max: Fury Road' director opens up about Tom Hardy and Charlize Theron's on-set feud
▼ + stars: | 2024-05-19 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewFilmmaker George Miller opened up about the on-set feud between "Mad Max: Fury Road" stars Tom Hardy and Charlize Theron in an interview with The Telegraph. AdvertisementThe 79-year-old Academy Award-winning director, who has returned to the franchise to direct the prequel, "Furiosa: A Mad Max Saga," added that he "saw their behavior as mirroring their characters, where they had to learn to co-operate to ensure mutual survival." Charlize Theron and Tom Hardy in "Mad Max: Fury Road" (2015). Tom Hardy and Charlize Theron. "You have to be obsessive about safety – physical safety, as the shoot goes on and fatigue sets in, but also psychological safety," he said.

Persons: —, George Miller, Max, Tom Hardy, Charlize Theron, Hardy, Theron, Miller, Tom, Charlize, Kyle Buchanan's, Furiosa, Max Rockatansky, Mark Goellnicht, Goellnicht, Warner, Anya Taylor, Joy, Chris Hemsworth Organizations: Service, The Telegraph, Business, Warner Bros, Fury, Fair, Telegraph Locations: Australian

☆ Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
▼ + stars: | 2024-05-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bill Gross told Barron's that oil and gas pipelines are a top investment of his as he seeks alternatives to a tapped-out bond market. He says these publicly-traded multiple limited partnerships offer strong returns with additional tax advantages. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas pipelines. Gross notes that the pipelines — which trade as master limited partnerships — possess many of the yield attributes of bonds. Previously, he attempted to trade Broadcom on AI hopes, but was "whipped back and forth," Gross shared in March commentary.

Persons: Bill Gross, Gross, —, that's, Barron's, " Gross, Con Organizations: Microsoft, IBM, Nvidia, Service, Energy, Western Pipeline, Gross, Broadcom, Dominion Locations: Barron's, Con Edison

☆ Critics are calling 'Furiosa' one of the 'greatest prequels ever made' — but not better than 'Fury Road'
▼ + stars: | 2024-05-16 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

Following the success of 2015's "Max Mad: Fury Road," which took in over $380 million at the worldwide box office, "Furiosa" tells the origin story of one of the main characters from "Fury Road," Charlize Theron's Imperator Furiosa. Mel Gibson, the original Mad Max, rarely spoke; same for Tom Hardy, who played Max in "Fury Road." AdvertisementBut it's not as good as "Fury Road"Tom Hardy and Charlize Theron on "Mad Max: Fury Road." Warner Bros. PicturesFor all the praise "Furiosa" is receiving, many critics believe it doesn't surpass Miller's thrilling opus, "Mad Max: Fury Road." "'Furiosa' is a big step down from 'Mad Max: Fury Road,'" opined The Hollywood Reporter critic David Rooney.

Persons: —, Max, George Miller's, Furiosa, Anya Taylor, Joy, Taylor, Chris Hemsworth's, Critics, Jasin Boland, Owen Gleiberman, Miller, Hannah Strong, Joy doesn't, that's, shouldn't, Mel Gibson, Tom Hardy, John Nugent of, emoting, Charlize Theron, IndieWire's David Ehrlich, Chris Hemsworth, Dementus, He's, there's, Liz Shannon Miller, it's, who's, David Rooney, wouldn't Organizations: Service, Business, Cannes Film, Warner Bros, Hemsworth, Fury, Hollywood, The New York Times Locations: Dementus

☆ Zelenskyy canceled all his foreign trips, a sign things are critically bad for Ukraine right now
▼ + stars: | 2024-05-16 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

This has given Russian forces the chance to make small but steady gains. It's one of 30 settlements that have seen heavy bombardment by Russian forces, Kharkiv Governor Oleh Syniehubov said on Monday. AdvertisementHolding on until Western aid comesMeanwhile, chronic delays in Western support has left Ukraine badly under-supplied in ammunition. Advertisement"This year represents a window of opportunity for Russia," military analyst Michael Kofman told the Times. "But if the Russian military is not able to turn these advantages into battlefield gains and generate momentum, there's a fair chance that this window will begin to close as we enter 2025."

Persons: —, Volodymyr Zelenskyy, Zelenskyy's, Sergii Nykyforov, Nykyforov, EFE, King Felipe VI of Spain, Zelenskyy, Hamish de Bretton Gordon, Bretton Gordon, Vladimir Putin, George Barros, Chasiv Yar, Kyryo Budanov, Oleh Syniehubov, Ann Marie Dailey, Russia's, Emmanuel Macron's, de Bretton Gordon, Michael Kofman Organizations: Service, Business, Telegraph, British, Institute, Associated Press, New York Times, BBC, Kharkiv, RAND, Fleet, Russian, Politico, Times Locations: Ukraine, Russia, Spanish, Portugal, Ukrainian, Donetsk, Kharkiv, Chasiv Yar, Vovchansk, Russian, Ukraine's, prevarication, it's

☆ Anya Taylor-Joy won't reveal why she felt extremely isolated while filming 'Furiosa': 'Talk to me in 20 years'
▼ + stars: | 2024-05-13 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewAnya Taylor-Joy says she felt isolated while filming George Miller's "Furiosa: A Mad Max Saga," but won't reveal why. The star plays the younger version of Charlize Theron's "Mad Max: Fury Road" character, Imperator Furiosa. The 2024 prequel explores Furiosa's backstory before she met Max Rockatansky (Tom Hardy) and led a rebellion against Joe. AdvertisementIt's not the first time that actors have been put through the physical and emotional wringer while making a "Mad Max" movie. But when it comes to "Furiosa," Taylor-Joy still cherishes her time on the unique shoot.

Persons: —, Anya Taylor, Joy, George Miller's, Max, Imperator Furiosa, Furiosa, Immortan Joe, Hugh Keays, Byrne, Max Rockatansky, Tom Hardy, Joe, It's, Kyle Buchanan, Taylor, Buchanan, Joy wouldn't, Theron, Hardy, Mark Goellnicht, he's, I've Organizations: Service, Business, The New York Times Locations: Australia

☆ Lightning Round: We're only in the middle of Micron's roll higher, says Jim Cramer
▼ + stars: | 2024-05-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: We're only in the middle of Micron's roll higher, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Biogen, Kratos, Micron, Bank of America, Fidelis Insurance, Jfrog, and Chevron.

Persons: Jim Cramer Organizations: Micron, Bank of America, Fidelis Insurance, Chevron

☆ Cramer's Lightning Round: Bank of America is a buy
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Biogen's year-to-date stock performance. Stock Chart Icon Stock chart icon Kratos' year-to-date stock performance. Micron : "I like Micron, and I like Sanjay Mehrotra [buy, buy, buy!]." Stock Chart Icon Stock chart icon Bank of America's year-to-date stock performance. Stock Chart Icon Stock chart icon Chevron's year-to-date stock performance.

Persons: Kratos, that's, Sanjay Mehrotra Organizations: Micron, of America's, Fidelis Insurance Holdings

☆ Kidnapped in Mexico: I Am One of the Missing Who Survived - The New York Times
▼ + stars: | 2024-05-08 | by ( Manuel Bayo Gisbert | ) www.nytimes.com time to read: +11 min

Scroll In June 2020 I was kidnapped by armed men and heldfor ransom. Photographs and text by Manuel Bayo Gisbert I was kidnapped by armed menand held for ransom. In Mexico we say that when you see or experience something painful it can make us sick with horror. I turned to the families of the missing people of Mexico. In Mexico, We Harvest Pain and DeathOn Aug. 19, 2023, three years after I was kidnapped, my uncle Fernando Bayo was taken by four armed men in Acapulco.

Persons: Manuel Bayo Gisbert, Manuel Bayo, Ivonne’s, Hilda, Cheli’s, Rafael, Miguel Ángel, Justina’s, Abelardo, Lucio Cabañas, Cirino, “, ”, Práxedes Giner Durán, Álvarez, Juárez, —, Felipe Calderón, Calderón's, she’s, …, Pachuca … It’s, Andrés Manuel López Obrador, López Obrador, Fernando Bayo Organizations: Mexico City, Mexican Army, Mexican, …, Pachuca …, National, Brigade, Residents, Inter, American, Human, Signals, National Search Brigade Locations: Leer, español, Mexico, Parres, Chilpancingo, Guerrero, El Conchero, El Ticuí, Ciudad Madera, Chihuahua, Atoyac, Ciudad Juarez, Texas, …, Pachuca, Veracruz, of Mexico, Ayotzinapa, U.S, Yecapixtla, Acapulco, Tihuatlán, Santiago, Mexico City

☆ Amateur archaeologists found a mysterious 12-sided object from the Roman Empire that experts can't explain
▼ + stars: | 2024-05-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An amateur archaeology group found a mysterious dodecahedron near an ancient Roman villa. Amateur archaeologists with the Norton Disney History and Archaeology Group have been excavating its remains, including a bathhouse, gatehouse, and ancient tiled mosaic floors for the last few years when they made a miraculous discovery. Though he'd never seen one in person, Rob Evershed, a member of the group, recognized the hollow, rounded object as a Roman dodecahedron. No one knows the purpose of the dodecahedronThe Norton Disney History and Archaeology Group on the day they discovered the dodecahedron. Dodecahedrons may have been custom-madeParker thinks it would've taken an expert to make the dodecahedron that the Norton Disney group found.

Persons: —, Richard Parker, Richard Watts, they've, Norton, we'd, Parker, he'd, Rob Evershed, Frances McIntosh, McIntosh, haven't, dodecahedrons Organizations: Service, Norton Disney, Group, BBC, Lincoln Museum, English Heritage, Washington Post Locations: London, Hertfordshire, England, England's Midlands, British, Britain, Roman, Belgium, Croatia, France, Germany, Great Britain, Hungary, Luxemburg, Netherlands, Switzerland, Italy, Spain, Africa, Turkey

☆ Why Warren Buffett's Paramount bet may have cost him $1.5 billion
▼ + stars: | 2024-05-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022. But when someone who's worth an estimated $132 billion says "quite a bit of money," it's probably a very big amount. The math: In 2022, Berkshire accumulated 91 million shares of Paramount B shares; Barron's estimates he paid "more than $30" per share. AdvertisementThat left Berkshire with another 63.3 million Paramount shares at the beginning of 2024, and sometime between then and Saturday they have sold off the rest. Add all that up, and it looks like Berkshire sold its Paramount stake for $1.2 billion after paying $2.7 billion for it — a $1.5 billion loss.

Persons: Warren Buffett's Berkshire Hathaway, hasn't, — Buffett, —, Warren Buffett, Berkshire Hathaway, Buffett, we've, Berkshire Hathaway hasn't, Berkshire Organizations: Paramount, Service, Sony, Apollo, Berkshire, Bloomberg Locations: Berkshire

☆ Jim Cramer shares his thoughts on Tyson Foods, Micron, U.S. Steel, Johnson Controls and Robinhood
▼ + stars: | 2024-05-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Tyson Foods : Shares fell nearly 7% after the meat supplier issued a weak third-quarter outlook. I think the last story has not been written yet on Tyson," Jim Cramer said. Johnson Controls : Shares were basically flat Monday after UBS downgraded the stock to a hold-equivalent rating. Robinhood : The Securities and Exchange Commission informed Robinhood over the weekend that it could pursue enforcement actions tied to the brokerage's cryptocurrency operations. Robinhood shares were initially up more than 1% Monday, though they've given back some of the gains.

Persons: Jim Cramer's, Tyson, Jim Cramer, Baird, Cramer, Morgan Stanley, David Gitlin, Robinhood, they've Organizations: CNBC, Club, Tyson, Micron Technologies, Nvidia, Micron, . Steel, Japan's Nippon Steel, U.S . Steel, Johnson, UBS, Johnson Controls, Securities, Exchange Commission

☆ Take a look inside a $12,500-a-year underground wellness club featuring only the 2nd Tracy Anderson studio in Europe
▼ + stars: | 2024-05-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Surrenne, a luxury wellness and longevity club, has just opened in London's Knightsbridge. The four-floor subterranean space features a gold-leaf ceiling, a snow shower, and the UK's only Tracy Anderson studio. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn April a new luxury wellness and longevity club sprung up in London's affluent neighbourhood of Knightsbridge. Besides the beautiful decor, Surrenne has gathered together an all-star line-up of the best health, fitness, and beauty gurus.

Persons: Tracy Anderson, that's, —, Inge Theron, she's, Surrenne, Theron, David Cummings, Lara Devgan, Stella McCartney, Rose Ferguson, Mark Mikhail, there's Tracy Anderson, She's Organizations: Service, Maybourne, David Cummings Products, Emory Locations: London's Knightsbridge, Knightsbridge, Emory, Berkeley, Hyde, London, Surrenne, Europe, Madrid

☆ China’s Xi is visiting Europe for the first time in five years – his goodwill tour will be an uphill struggle
▼ + stars: | 2024-05-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.

Persons: Xi Jinping, Andrea Bocelli, –, Xi, China –, ”, Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, “, Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, “, National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, “, Belgrade, Budapest, Balkans, Balkan

☆ A NATO country says it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementFrench President Emmanuel Macron reaffirmed that he'd consider sending French troops to Ukraine and spelled out the conditions in which this could place. He added that if Russia defeated Ukraine, it would then probably seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine are among the most hawkish by a Western leader. In response to Macron's earlier remarks, the Kremlin's spokesperson, Dmitry Peskov, said deploying NATO troops to Ukraine would lead to war between Russia and the alliance. Analysts recently discussed with Business Insider the likelihood of Russia attacking NATO, with the Russian-military expert Ruth Deyermond saying Putin's regime was too weak militarily to risk a direct confrontation with NATO.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, they've, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, Russia, Radio Free, Radio Liberty, Analysts, Business Locations: Ukraine, France, Russian, Europe, Russia, Radio Free Europe

☆ A NATO country said it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader. AdvertisementFrance's President Emmanuel Macron reaffirmed that he would consider sending French troops to Ukraine, and spelled out the conditions in which this could place. He added that if Russia defeats Ukraine it would then likely seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine were among the most hawkish by a Western leader. The Kremlin's spokesman, Dmitry Peskov, in response to Macron's earlier remarks, said that deploying NATO troops to Ukraine would lead to war between Russia and the alliance.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, RFE, RL, Business Locations: Ukraine, France, Russian, Europe, Russia

☆ Trump can attend his son Barron's high school graduation after all
▼ + stars: | 2024-04-30 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +1 min

Donald Trump will get a break from his criminal trial to attend Barron's high school graduation. Trump had asked the judge in his hush-money case for the day off. On Tuesday, noting jury selection wrapped up quickly, the judge allowed it. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump can attend his son Barron's high school graduation after all.

Persons: Donald Trump, Trump, —, Barron's, Juan Merchan, Merchan didn't Organizations: Service, New, Business

☆ Stocks making the biggest moves premarket: Alphabet, Microsoft, Intel, Snap and more
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earnings of $1.89 per share topped the $1.51 in earnings per share anticipated by analysts polled by LSEG. Revenue of $80.54 billion topped expectations of $78.59 billion. Revenue of $83.08 billion topped estimates of $78.35 billion. Otherwise, Chevron's earnings of $2.93 per share topped the consensus estimate of $2.87 in earnings per share. Charter Communications — The broadband and cable provider dropped 3.4% after first-quarter earnings came in weaker than anticipated.

Persons: Snap's, Chevron's, LSEG, AutoNation, AbbVie, Skechers, FactSet, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Microsoft, LSEG, Intel —, Intel, Exxon Mobil, Chevron, Colgate, Palmolive, Revenue, Charter Communications, Charter Locations: LSEG .

☆ Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
▼ + stars: | 2024-04-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Revenue of $48.72 billion fell from $50.79 billion a year ago and was short of analyst expectations. The company attributed declining profits to lower sales margins at its refineries and lower natural gas prices eating into profits in international production. Natural gas prices have plummeted 35% this year due to a supply glut. International oil and gas earnings fell 6% to $3.2 billion as production fell by 39,000 barrels to 1.77 million bpd due to maintenance in Nigeria and field declines. The higher spending was on its oil and gas production and old assets from PDC Energy after completing its acquisition of the company last August.

Persons: Read Organizations: Chevron, LSEG, Wall, Energy Information Administration, Denver, Hess Corp, Exxon Mobil, Federal, PDC Energy Locations: U.S, Nigeria, Guyana

☆ Billionaire investor Ron Baron: You can do quite well by being a long-term investor
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Ron Baron: You can do quite well by being a long-term investorRon Baron, Baron Capital chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, Baron's Tesla investment, Elon Musk's leadership, Tesla's robotaxi ambitions and road ahead, EV demand, Baron's SpaceX investment, why he still hasn't bought into bitcoin, and more.

Persons: Ron Baron, Baron, Elon Musk's, Tesla's, hasn't Organizations: Baron Capital, Elon, EV, SpaceX Locations: bitcoin

☆ Investor Ron Baron says Tesla is at a bottom and the stock will 'go up huge' from here
▼ + stars: | 2024-04-25 | by ( Yun Li | Adam Jeffery | ) www.cnbc.com time to read: +1 min

Billionaire investor Ron Baron, a longtime Tesla bull, believes Elon Musk's electric vehicle manufacturer has hit a bottom. What they are doing is going into robotaxis and going to make the low-cost cars," Baron said on CNBC's "Squawk Box" on Thursday. Tesla is the biggest holding in Baron's oldest and biggest fund, Baron Partners Fund (BPTIX), accounting for more than 30% of the portfolio. The fund is down more than 17% this year amid a 35% decline in Tesla shares. TSLA 1Y mountain Tesla shares over past 12 months.

Persons: Ron Baron, Tesla, Elon, Baron, Musk, weathers, — Organizations: Baron Capital, Baron Partners Fund Locations: robotaxis, Tesla, Baron's, Austin , Texas

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