[content-module:CompanyOverview|NYSE:OXY] Occidental Petroleum Co. (NYSE: OXY) is primarily recognized in the energy sector as a leading international oil and gas producer. It’s notably been a growing position for the Oracle of Omaha as Berkshire Hathaway Co. (NYSE: BRK.B) raised its stake to 28% of the company in February 2025. What is not so well known is Occidental Petroleum’s ambitions to become a leading player in the decarbonization movement, enabling itself and others to reach net-zero levels.This goal is not just to get the green theme but to generate another source of revenue to offset some of the volatility of oil prices.…
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[content-module:CompanyOverview|NYSE:OXY] Occidental Petroleum Co. (NYSE: OXY) is primarily recognized in the energy sector as a leading international oil and gas producer. It’s notably been a growing position for the Oracle of Omaha as Berkshire Hathaway Co. (NYSE: BRK.B) raised its stake to 28% of the company in February 2025. What is not so well known is Occidental Petroleum’s ambitions to become a leading player in the decarbonization movement, enabling itself and others to reach net-zero levels.This goal is not just to get the green theme but to generate another source of revenue to offset some of the volatility of oil prices.…
By Niket Nishant and Manya Saini (Reuters) -Robinhood is rolling out wealth management and private banking services for investors with modest portfolios, as the trading platform looks to have a bigger influence on its users’ financial habits. The company said on Wednesday it is launching ‘Robinhood Strategies’ — a wealth management service with a 0.25% annual fee, capped at $250, for its premium ‘Gold’ subscribers. Users with as little as $50 in investments can access portfolios of exchange-traded funds managed by Robinhood’s investment experts. A $500 minimum investment will unlock access to individual stocks in the portfolios. The move highlights…
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England.Anna Barclay | Getty ImagesShares of Asia’s automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country.Japanese automakers Toyota and Honda fell 3.69% and 2.91% respectively. Nissan, which has two plants in Mexico, declined 2.92%, and Mazda Motor lost over 6%. Mitsubishi Motor fell 4.9%. South Korea’s Kia Motors, which has a manufacturing plant in Mexico, dipped 2.76%. Shares of Chinese automakers Nio and Xpeng fell 3.94% and…
Economists have warned that tax hikes are “likely” later this year due to narrow headroom in the public finances in order to meet fiscal rules. It came as the Government’s official forecaster cautioned that there was a “significant risk” around whether the Chancellor will achieve her predicted £9.9 billion buffer in the public finances by 2029-30. The Office for Budget Responsibility (OBR) said there is only a 54% chance Rachel Reeves would meet her self-imposed rule. Ms Reeves told Parliament on Wednesday that around £14 billion of policy measures, including a series of spending cuts, were needed to balance day-to-day…
Could the crypto revolution’s legacy extend beyond democratizing money? Today, it’s paving the way to reinvent private credit. Envision a future where lending to mid-sized businesses or financing infrastructure projects mirrors the efficiency and openness of a decentralized exchange. That’s the aim of tokenization, a blockchain-powered innovation breaking down decades-old barriers in a $1.7 trillion (and growing) private credit market.Private credit 101: the invisible engine of global financePrivate credit is an integral element of non-bank lending in which institutional players like hedge funds, private equity firms and specialized lenders provide loans directly to businesses. These aren’t your typical bank loans…
Most U.S. voters support ending the kind of low-level traffic stops that are most likely to harm Black and brown road users without making streets meaningfully safer, a new survey suggests — evidence that communities could strike those laws from the books and redirect resources to stopping much deadlier roadway crimes.A whopping 59 percent of registered voters say they either strongly or somewhat support “a law eliminating non-safety-related traffic stops,while keeping traffic stops for serious safety risks such as reckless driving or excessive speeding,” according to a YouGov survey commissioned by Vera Action, the advocacy arm of the Vera Institute…
Round Top deposit in Texas. Image: USA Rare Earth. USA Rare Earth (USARE) went public on Friday, marking its debut on the Nasdaq under the ticker ‘USAR’ as chief executive Joshua Ballard and chairman Mike Blitzer rang the opening bell. The company spent several years privately working to tap the Round Top are earth deposit in west Texas, with ambitious plans to create a domestic supply chain. USARE controls the mining rights to Round Top, which it says contains 15 of the 17 rare earth elements, with a significant endowment of heavy rare earths dysprosium, terbium, gallium and beryllium. In…
Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signaling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire’s short-lived bid in 2018 to take the company private.Tesla sells in other Middle Eastern countries, but not in Saudi Arabia, the Gulf region’s largest market, where EVs only account for 1% of total car sales. The brand has had considerable success in neighboring United Arab Emirates, where most ride-hailing apps offer electric vehicles.The dispute started when Musk tweeted in 2018 he had “funding secured” to take Tesla private after a meeting with Saudi…
The European Commission is telling EU member states to boost support for the steel and metals industry by using all available state aid and energy regulation tools to cut costs for energy-intensive sectors — including reducing energy taxes to zero. In a non-binding action plan presented on Wednesday, the commission outlined its priorities: securing… Source link