Focus on Finance
Rethinking ‘contracts for difference’ in renewable energy investments
How could contracts for difference be designed to boost renewable energy investment without creating an inefficient market?
Marathon Oil misses profit estimates on weak natural gas prices
Marathon Oil missed Q2 profit estimates due to falling natural gas prices, with shares dropping 1.7% after the announcement.
Suncor Energy beats quarterly profit estimates on robust production
Suncor Energy beat analysts' estimates for Q2 profit on Tuesday, helped by higher oil prices and a rise in oil sands production.
Rivian sticks to production forecast, posts second-quarter margin below estimates
Rivian maintained its production forecast but reported greater-than-expected losses per vehicle, despite revenue gains.
Sleepy utilities sector shines as haven from US stock turbulence
Amid a broader market selloff, utilities stocks have surged, driven by falling Treasury yields, AI-driven demand, and strong dividends.
APEC businesses propose climate bonds and carbon credit network
APEC carbon markets could be used to reduce risk of foreign exchange fluctuation as countries transition to low-carbon technologies, says advisory council.
Hawaiian Electric, others agree to $4 billion Maui wildfire settlement
Blazes tore through Maui on Aug. 8 2023, killing over 100 people and causing damage estimated at $5 billion.
Enbridge makes progress on utility purchases; raises earnings forecast
Enbridge raises 2024 earnings forecast after acquiring U.S. gas utilities, aiming to become North America's largest gas utility.
Consolidated Edison beats second-quarter profit estimates
Consolidated Edison beat Q2 profit estimates, with revenue up 9.4% to $3.22 billion, driven by hotter weather and increased energy use.
