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Energy secretary seeks $20 billion to refill U.S. oil reserve

Energy secretary seeks $20 billion to refill U.S. oil reserve

Investing.com -- U.S. Energy Secretary Chris Wright is looking to secure up to $20 billion in funding to meet President Donald Trump’s objective of replenishing the nation’s diminished oil reserve to its full capacity, as reported by Bloomberg News on Friday.In his conversation with Bloomberg News, Wright stated that the plan aims to restore the reserve levels to just below the maximum, ensuri ...

2025-03-08 01:19:48
FTSE 100 hits record high, driven by defense and banking sectors - can it continue?

FTSE 100 hits record high, driven by defense and banking sectors - can it continue?

Investing.com -- The FTSE 100, the UK’s leading stock index, has seen a strong upward trend, reaching an all-time high of 8,871.31 on March 6, 2025. The index has made year-to-date gains of 7% in local currency terms, according to Lale Akoner, Global Market Analyst at eToro.Akoner attributes the surge to several key factors, including gains in the defense and banking sectors. Increased military ...

2025-03-08 01:18:26
BofA downgrades Air Lease, raises AerCap target amid industry supply constraints

BofA downgrades Air Lease, raises AerCap target amid industry supply constraints

Investing.com -- Bank of America downgraded Air Lease Corporation (NYSE:AL) to "Underperform" from "Buy" while reiterating its "Buy" rating on AerCap Holdings NV (NYSE:AER) given the differences in positioning amid ongoing aircraft supply constraints.While higher aircraft and engine lease rates have boosted profitability, limited new aircraft inflows and rising debt costs have constrained nea ...

2025-03-08 01:17:09
Thursday’s Insider Activity: Top Buys and Sells in US Stocks

Thursday’s Insider Activity: Top Buys and Sells in US Stocks

This article summarizes the most significant insider buying and selling activities in US stocks reported on Thursday, March 6, 2025.Top Insider Buys:• BlackRock Inc. (NYSE:BLK) made a substantial purchase of 79,600 shares in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), valued at approximately $1.32 million. The shares were acquired at an average price of $16.62, increasing BlackRoc ...

2025-03-08 01:15:40