Industrial giant Honeywell splits in three. The US conglomerate will separate its aerospace...
Industrial giant Honeywell splits in three. The US conglomerate will separate its aerospace division from its automation group and spin off its advanced materials business in a move similar to the one GE announced in 2021. It’s a win for activist investor Elliott Investment Management, which called for a breakup last year in light of Honeywell’s dragging share price. GE’s tripartite separation has been deemed a success, with its three separate businesses now worth about four times more together than GE was in 2022, the Wall Street Journal reported. Honeywell’s split leaves the US with precious few industrial conglomerates left.
AMC Theatres hiked the monthly fee for Stubs A-List by a few bucks, but will allow subscribers to see an extra movie each week.
Roblox stock fell after the company reported disappointing bookings, adding more unease to the gaming industry following EA’s recent forecast trim.
YouTube is now advertising on TikTok, hoping to convince the app’s creators to defect to the Google-owned platform while TikTok’s US status is in limbo.
All Quiksilver, Billabong, and Volcom stores will close in the US after their operator filed for bankruptcy, in what would have been a devastating blow to your 7th-grade friend group.
Oil ends at lowest price of the year on rising U.S. supplies, tariff disputes
U.S. and global oil futures declined on Thursday as a...
U.S. and global oil futures declined on Thursday as a hefty rise in last week's U.S. supplies and uncertainty surrounding tariff disputes helped to weaken the outlook for crude demand, prompting prices to settle at their lowest levels of the year.
Prices found little support from an increase in Saudi Arabia's crude prices for Asian buyers, which implied strength in crude demand from the region.
-- West Texas Intermediate crude CL00 for March delivery CL.1 CLH25 fell 42 cents, or 0.6%, to settle at $70.61 a barrel on the New York Mercantile Exchange.
-- April Brent crude BRN00 BRNJ25, the global benchmark, lost 32 cents, or 0.4%, to end at $74.29 a barrel on ICE Futures Europe. Brent and WTI crude marked fresh settlement lows for the year.
-- March gasoline RBH25 added 1.2% to $2.07 a gallon, while March heating oil HOH25 rose 0.6% to $2.40 a gallon.
-- Natural gas for March delivery NGH25 settled at $3.41 per million British thermal units, up 1.4%.
Dow ends lower while S&P 500 and Nasdaq gain ahead of Amazon earnings
The blue-chip Dow closed lower on Thursday, but stocks...
The blue-chip Dow closed lower on Thursday, but stocks still were on pace to post weekly gains as a chaotic week on the tariff front was winding down.
The Dow Jones shed about 125 points, or 0.3%, closing near 44,747, according to preliminary data
The S&P 500 index finished up 0.4%
The Nasdaq Composite Index closed 0.5% higher
Trade war jitters led to a rough start to the week after President Trump announced 25% tariffs on Mexico and Canada over the weekend, but implemented a pause on Monday.
China still saw a new 10% trade tariff.
For the week so far, the Dow was up 0.5%, the S&P 500 0.7% higher and the Nasdaq was up 0.8%.
Nearly 2 million federal workers have until tonight to either return...
Nearly 2 million federal workers have until tonight to either return to the office or accept a buyout offer from the Trump administration. At least 20,000 federal employees have already accepted the package, which provides eight months of salary through Sept. 30. The figure is below the White House's target of 5% to 10% acceptance—though it may rise by the end of the day—and critics have raised questions about its feasibility.
Burgum orders review of monuments for energy potential
Under an order issued by...
Under an order issued by Interior Secretary Doug Burgum, Interior Department staff have until Feb. 18 to review 157 national monuments across 33 states for potential boundary revisions that could open them to oil and natural gas drilling and mining. Utah's Bears Ears and Grand Staircase-Escalante National Monuments, rich in coal, oil, gas and uranium, are among the likely targets, although presidential authority to alter monument boundaries remains uncertain and is being debated in court.
