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Motor oil crisis: Automakers reportedly turn to new blends
[Auto mechanic service and repair] DuxX/iStock via Getty Images Automakers such as Stellantis (STLA [https://seekingalpha.com/symbol/STLA]) and Volkswagen (VWAGY [https://seekingalpha.com/symbol/VWAGY]) are turning to new blends of lubricants as motor oil shortages worsen due to the Iran war, the _Financial Times _reported. Supply chains for the …
Occidental Petroleum stock holds steady as analysts see upside and oil stays elevated
Occidental Petroleum (OXY) stock is trading in the high-$50s, with analysts forecasting a double-digit upside due to elevated oil prices and strong sector profits. The company's financials are robust, with the energy sector showing significant profit growth year-over-year. Technical indicators suggest a "Buy" signal, …
Toyota steps up efficiency drive under new CEO
Toyota Motor Corporation is stepping up its efforts to improve profitability, according to local reports, as the industry faces growing headwinds from the prolonged conflict in the Middle East, import tariffs in the US and rising competition from Chinese automakers. The automaker's new president …
Managers asked to identify roles as Oracle weighs fresh layoffs: Reports
Oracle is reportedly considering a new round of layoffs, with managers asked to identify roles for potential elimination before the company's second fiscal quarter begins on September 1. This news has caused anxiety among employees, following a major restructuring earlier this year that impacted …
Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 1,945,121 Solventum Corporation $SOLV
Diamond Hill Capital Management LLC Investment Advisor recently acquired a new stake of 1,945,121 shares in Solventum Corporation (NYSE:SOLV) during the second quarter, valued at approximately $150 million. This investment represents 1.2% of Diamond Hill's portfolio, making it their 28th largest position. Other institutional …
German American Bancorp Inc. Makes New $12.80 Million Investment in Oracle Corporation $ORCL
German American Bancorp Inc. has acquired a new position in Oracle Corporation, purchasing 87,363 shares valued at approximately $12.8 million, making it Oracle's 23rd largest holding. This investment comes as Oracle expands its cloud and AI capabilities, including collaborations with AWS and Quantinuum, despite …
Market Chatter: Nvidia, OpenAI Close in on Deal for Ohio Data Center
Nvidia (NVDA) and OpenAI are closing in on a deal to finance a data center in Ohio, but have reworked the structure so that Nvidia's financial guarantee for the project would be lowered to less than $120 billion from the initially planned $250 billion, …
Chevron finds oil, gas condensate offshore Angola
Chevron announced a significant discovery of oil and gas condensate at an exploration well in Block 0, offshore Angola. This find supports Chevron's strategy to expand production in sub-Saharan Africa, capitalizing on recent Angolan reforms and tax cuts designed to encourage exploration in mature …
Bank of America Corp DE Has $27.72 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO
Bank of America Corp DE has reduced its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 22.4% in the first quarter, now holding 491,073 shares valued at approximately $27.72 million. Despite this reduction, analysts maintain a consensus "Hold" rating on ASO with an …
Bank of America Corp DE Has $26.17 Million Holdings in Dyne Therapeutics, Inc. $DYN
Bank of America Corp DE significantly increased its stake in Dyne Therapeutics, Inc. (NASDAQ:DYN) by 63.5% in the first quarter, now holding 1.44 million shares valued at $26.17 million. Institutional investors and hedge funds collectively own 96.68% of DYN. While a director purchased shares, …
Market Chatter: Nvidia Discussing $3 Billion Investment SB Energy's OpenAI Ohio Data Center
Nvidia (NVDA) is taking part in discussions to invest up to $3 billion in SB Energy, a Softbank-back PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. …
Bank of America Corp DE Decreases Stock Holdings in Group 1 Automotive, Inc. $GPI
Bank of America Corp DE reduced its stake in Group 1 Automotive, Inc. (NYSE:GPI) by 28.7% in the first quarter, selling over 34,000 shares but still retaining 85,029 shares valued at $28.1 million. The stock currently holds a "Hold" consensus from analysts with an …
Intel Corporation $INTC is Corrado Advisors LLC's 7th Largest Position
Corrado Advisors LLC reduced its stake in Intel Corporation by 44% in Q2, but Intel remains its seventh-largest holding, representing 1.9% of its portfolio. Intel reported strong Q2 earnings, with revenue up 25.2% year-over-year and EPS exceeding estimates, and CEO Lip-Bu Tan signaled confidence …