Articles & Crawled Pages
U.S. utility stocks marked their strongest start to the year since 2019, benefiting from an investor retreat from riskier assets during the Iran war and strong electricity demand from firms building out artificial intelligence infrastructure.
The article discusses how the ongoing conflict in the Middle East has led to significant disruptions in global oil supplies, causing sharp increases in energy prices and raising the risk of a global economic downturn. It highlights the impact on U.S. businesses, such as Emerald Packaging, which faces challenges due to rising plastic resin costs, and notes the closure of aluminum extrusion plants in India due to gas shortages. The piece also mentions the Federal Reserve's response to the situation and the broader implications for global markets.
Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, in a move that could help bolster its defenses against activist shareholders and climate advocates.