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  • Jan 07, 2025

Wall Street Banks Cleared by Texas After Exiting Climate Group

(Bloomberg) -- Texas Attorney General Ken Paxton dropped his threat to cut off big US banks from municipal-bond deals after a slew of Wall Street firms exited a controversial climate-finance alliance.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?In 2023, his office announced that

  • Jan 07, 2025

Bitcoin Drags Crypto Lower on Strong U.S. Economic Data

The irony of the crypto market is how much it falls when the economy is doing well. On Tuesday, a couple of important economic readings came in better than expected, and Bitcoin (CRYPTO: BTC) and other cryptocurrencies dropped on the news. As of 4:30 p.m. ET, Bitcoin was down 4.9% in the past 24 hours, Ethereum (CRYPTO: ETH) was off 7.4%, and Dogecoin (CRYPTO: DOGE) was down 8.9%.

  • Jan 07, 2025

Exxon warns of hit to Q4 profits after drop in oil prices, weaker performance across the board

HOUSTON (Reuters) -Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. Exxon's snapshot is closely watched for clues to how other oil majors will fare when they begin releasing results this month. Exxon is expected to post a profit of $1.76 a share for the fourth quarter, down from $2.48 a share, in the same quarter last year, according to financial firm LSEG.

  • Jan 07, 2025

Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices

(Bloomberg) -- Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?Don’t Shrink the BusOil prices lowered earnings at Exxon’s production division by about $700 million wh

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