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  • Dec 05, 2024

Chevron, Shell Weigh Stake in Argentina Oil Export Plan

(Bloomberg) -- Chevron Corp. and Shell Plc are in talks to join Argentina’s signature project to ramp up crude exports from its booming shale patch, according to people familiar the matter.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsChevron and Shell, which both have

  • Dec 05, 2024

Schwab’s Jones Worries Credit Markets Are Priced for Complacency

(Bloomberg) -- High-grade US corporate bond spreads hover near their tightest levels in more than 25 years and may grind even lower next year. Charles Schwab Corp.’s Kathy Jones sees cause for concern.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams “There is a sense now

  • Dec 05, 2024

Challenges in Mortgage Segment Hurt nCino, Analyst Downgrades Stock

Piper Sandler analyst Brent A. Bracelin downgraded nCino, Inc. (NASDAQ:NCNO) to Neutral from Overweight, with a price forecast of $38. The company reported total revenues for the third quarter of $138.8 million, a 14% increase from the previous year. Subscription revenues also grew 14% year-over-year to $119.9 million, with a non-GAAP operating margin of 20%, up approximately 350 basis points. After the results, Bracelin reduced the 2025 revenue outlook by about $20 million due to lower mortgage

  • Dec 05, 2024

Oil falls as investors weigh ample 2025 supply outlook, delayed OPEC+ output hike

HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents, or 0.35%, at $68.30 a barrel.

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