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☆ These stocks reporting next week often beat estimates and rally
▼ + stars: | 2024-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Some stocks set to report quarterly results next week could be poised for a noteworthy move going by their history. Specifically, we looked for stocks that have surpassed earnings per share forecasts, on average, at least 75% of the time. Then we further culled the list by looking for stocks that also posted at least a 2% move, on average, following that beat. Datadog has an unblemished record of surpassing analyst estimates for quarterly results, and has seen its stock move up nearly 4% following earnings. Other names on the list reporting results next week include Fabrinet and Trex .

Persons: RingCentral, Wells, Andrew Nowinksi Organizations: Apple, CNBC, Investment, FactSet, Dine Brands, Dine Locations: Wells Fargo

WASHINGTON (AP) — The Biden administration is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. A proposed LNG export terminal in Louisiana would produce about 20 times the greenhouse gas emissions of Willow, McKibben noted. “We need to have an even greater understanding of the (global energy) market need, the long-term supply and demand of energy resources and the environmental factors,'' she said. Symons called the gas project "bad for our nation, bad for our health and bad for our economy.'' "The true irony is this policy would hurt the climate and lead to increased (greenhouse gas) emissions, as it would force the world to pivot to coal'' instead of natural gas, Hynes said.

Persons: —, Biden, Joe Biden, “, MAGA, Donald Trump, Bill McKibben, it’s, McKibben, Jennifer Granholm, Granholm, Vladimir Putin, Mike Sommers, Sommers, ”, ‘ ’ Granholm, we’re, Jeremy Symons, Symons, Shaylyn Hynes, Hynes, Trump Organizations: WASHINGTON, Democratic, Energy Department, Industry, Russia, Energy, American Petroleum Institute, U.S . LNG, Environmental Protection Agency, Venture, LNG Locations: United States, Europe, Asia, Ukraine, Alaska, Paris, Louisiana, U.S, Calcasieu, Gulf, Cameron Parish, Virginia

CNN —Indonesia’s Marapi volcano has erupted for the second time in weeks, the country’s geological agency said Sunday. According to the Ministry of Energy and Mineral Resources, the 2,891-meter-high (9,500 feet) volcano began erupting at 6 a.m. local time (6 p.m.ET). The volcano in West Sumatra province erupted at least twice, the agency said according to Reuters. Reuters also reported nearby houses, vehicles and evacuation tents set up by the local disaster agency were covered in volcanic ash. Marapi's volcanic ash seen in the distance from Tanah Datar District in West Sumatra.

Persons: Adi Prima, Marapi Organizations: CNN, Ministry of Energy, Mineral Resources, Reuters, Anadolu, Getty Locations: West Sumatra, Tanah Datar District, Adi, Indonesia

PADANG, Indonesia (AP) — Indonesia's Mount Marapi erupted with white-and-gray ash plumes Sunday, stranding and injuring climbers and spreading volcanic ash over several villages. About 75 climbers started their way up the nearly 2,900-meter (9,480-foot) mountain on Saturday and became stranded. Political Cartoons View All 1277 ImagesThe eruption sent ash plumes more than 3,000 meters (9,800 feet) into the air and hot ash clouds spread several miles (kilometers). Falling ash blanketed several villages and blocked sunlight, National Disaster Management Agency spokesperson Abdul Muhari said. Authorities distributed masks and urged residents to wear eyeglasses to protect them from volcanic ash, he said.

Persons: Marapi, Ahmad Rifandi, Indonesia’s Volcanology, Hari Agustian, Abdul Muhari, Gobah Cumantiang, Niniek, Mari Yamaguchi Organizations: Hazard Mitigation, Rescue Agency, Disaster Management Agency, Associated Press Locations: PADANG, Indonesia, Marapi, Padang, West Sumatra, Rubai, Jakarta, Tokyo

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump. “These deals are likely to harm competition, risking increased consumer prices and reduced output throughout the United States,'' the senators wrote. Chevron, Exxon and other oil companies have announced huge profits from strong energy prices and demand since Russia’s invasion of Ukraine in February 2022. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Environmental groups hailed the call for an investigation of what some called “merger mania” within the oil industry that threatens competition.

Persons: Chuck Schumer, Exxon's, Chevron’s, Minnesota Sen, Amy Klobuchar, Elizabeth Warren of Massachusetts, Bernie Sanders, Chevron, Hess, Lukas Ross, ”, ” API's Bethany Williams, Schumer Organizations: WASHINGTON, ExxonMobil, Chevron, Federal Trade Commission, Natural Resources, Hess Corp, Exxon, FTC, Resources, Big Oil, American Petroleum Institute, Senate Commerce, Science, Transportation Locations: United States, Minnesota, Sens, Vermont, Ukraine, Texas, U.S, New York

☆ California sues Chevron, Exxon, Shell, others for public deception on climate change
▼ + stars: | 2023-09-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The oil companies named as defendants are BP , Chevron , ConocoPhillips , Exxon Mobil , and Shell . The state is seeking an abatement fund paid for by the defendants that will finance recovery efforts for the future damage of human-caused climate change. It also asks that the oil companies and their trade group pay a share of the damages from extreme weather disasters worsened by climate change. Shell, based in the U.K., maintained that its position on climate change "has been a matter of public record for decades."

Persons: Rob Bonta, Korey Silverman, Columbia University's, Silverman, Newsom, API's, Ryan Meyers, Roati Organizations: Exxon, American Petroleum Institute, Chevron, ConocoPhillips, Exxon Mobil, Shell, Columbia, Climate Change, California Gov Locations: San Francisco , California, California, San Francisco, Chevron, Texas

☆ Elon Musk and Substack are beefing. Here's a rundown of the back and forth between the Twitter CEO and the blogging site.
▼ + stars: | 2023-04-09 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

Twitter users began noticing Substack links were being suppressed beginning Thursday evening. One of these claims is that Substack was trying to "download a massive portion of the Twitter database," Musk wrote on Twitter Saturday, to help support its recently announced Twitter competitor, Substack Notes. Thursday evening: Users begin reporting that Substack links are being suppressedSubstack bloggers who use Twitter to promote their work began noticing Thursday evening the Substack links seemed to be suppressed on Twitter, and Twitter users who tried to interact with posts that contained Substack links would receive an error message. Saturday: Musk clarifies that Twitter never blocked Twitter notesMusk clarified in a tweet early Saturday that Substack links were never blocked on Twitter. In the same post, Musk called Substack Notes a "Twitter clone" and claimed that Substack was "trying to download a massive portion of the Twitter database to bootstrap" their new feature.

The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. "We have good support," Fischer told Reuters. The legislation also has the support of Senator Kevin Cramer from North Dakota, a co-sponsor of the bill. Cramer's support is significant, as North Dakota is one of the top oil-producing states, Fischer said. Organizations including the API, the Renewable Fuels Association (RFA) and the National Farmers Union wrote to congressional leaders this month to urge them to adopt legislation to expand nationwide E15 sales.

Organizations including the American Petroleum Institute (API), Renewable Fuels Association and the National Farmers Union wrote to congressional leaders to urge them to adopt legislation that would effectively lift restrictions on E15 sales. API's support is a win for the biofuel and farm groups because the oil industry has at times resisted efforts to expand the market for ethanol. The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. Expanding national sales of E15 would also resolve long-standing differences among the groups about the fuel regulations, the letter said. Reporting by Stephanie Kelly; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

NEW YORK, Nov 10 (Reuters) - A Republican U.S. senator plans to submit federal legislation with the support of a major oil industry trade group that would expand national sales of E15, a higher ethanol-gasoline blend. If the bill passed, it would be a win for U.S. corn farmers and the ethanol industry. The governors' proposal raised oil industry concerns about fuel supplies. The bill would represent just the latest push to win nationwide, year-round sales. A federal appeals court last year struck down the Trump's administration approval of year-round E15 sales, arguing it did not have the authority.

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