COP Sep 2024 85.000 put
- Yahoo Finance Video
US GDP, retail earnings, C3.ai CEO talks demand: Morning Brief
Stocks (^DJI, ^IXIC, ^GSPC) are on the path to open the Thursday session amidst Wall Street's outlook on the Federal Reserve's monetary policy and slowing growth in US GDP (Gross Domestic Product). CFRA Research Chief Investment Strategist Sam Stovall sits down with Morning Brief Hosts Seana Smith and Brad Smith, diving into whether interest rates matter more to markets than Friday's Personal Consumption Expenditures (PCE) print. Loop Capital Markets Managing Director Anthony Chukumba weighs in on the state of the US consumer by analyzing retail earnings out from discount store Dollar General (DG) and electronics outlet Best Buy (BBY). Other top stocks trending on recent earnings results include Salesforce (CRM), Foot Locker (FL), Kohl's (KSS), and Okta (OKTA). C3.ai (AI) Founder, Chairman and CEO Tom Siebel also joins the show to discuss the artificial intelligence developer's fiscal fourth-quarter earnings and the use cases pushing AI demand. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Why the energy sector's M&A frenzy may not be over
The energy sector has witnessed a surge in merger and acquisition (M&A) activity, with two major transactions taking place this week alone. ConocoPhillips (COP) has agreed to acquire Marathon Oil (MRO), while Hess (HES) shareholders have approved the company's sale to Chevron (CVX). These deals have ignited speculation about what lies ahead for the energy sector. Yahoo Finance's Ines Ferré delves into the details, offering insights into the drivers behind the rising M&A activity and how this trend is expected to continue throughout the year. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Zacks
ConocoPhillips to Buy Marathon Oil: Energy ETFs to Gain
Amid the ongoing wave of consolidation in the U.S. oil and gas industry, ConocoPhillips (COP) has agreed to acquire Marathon Oil (MRO) in an all-stock deal worth $22.5 billion, including $5.4 billion in debt.
