Oil and technology stocks have not historically been a popular investment combination, but given the current market conditions, they may be the perfect match. As big technology companies continue to lead the market gains, diversifying one’s portfolio away from the tech sector may be a prudent move. Oil stocks have not performed as well as … Read more
The Exxon-led Guyana oil group saw a significant increase in net income in 2023, according to a report from Reuters. The company’s margins exceeded those of Nvidia, a major player in the technology industry. This positive financial performance underscores the growing importance of the oil sector in Guyana, as well as the potential for further … Read more
Government data from Guyana revealed that last year, an Exxon Mobil-led consortium secured a lucrative deal generating $6.33 billion for partners. The trio enjoyed a combined net margin of 56%, surpassing that of Nvidia Corp. The consortium’s revenue rose by 23% to $11.25 billion in 2023 due to the addition of a third production vessel, … Read more
Technology sector funds have experienced high levels of inflow this week, as noted by Bank of America Investment Strategy and EPFR. At the same time, crude oil prices are on the rise. Nvidia shares faced a sell-off on Thursday, causing a stall in their price on Friday. The future outlook for the chip giant is … Read more
Several panelists at the Cloud Executive Summit spoke out against the push around multi-cloud Though there are some valid uses for multi-cloud deployments, most enterprises don’t actually need to go this route The decision whether or not to go multi-cloud should be tied to specific business outcomes rather than done just for the sake of … Read more
Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more