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Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages).
Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter.
These accounting charges are expected to fully unwind...
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Apr 7, 2026 / Tyler Durden
Consumer Credit Grows Less Than Expected On Subdued Credit Card Usage
Consumer Credit Grows Less Than Expected On Subdued Credit Card Usage
While the monthly jobs report has become a veritable economic random number generator, with every monthly print coming either well below or above the forecast stack, the weekly initial claims report has become its foil - a study in boring reporting, with numbers barely budging week to week, and usually falling right on top of Wall Street estimates. A similar dynamic is emerging for the monthly consumer credit report: following a volatile 2025, when revolving credit swung around wildly...
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Apr 23, 2026 / Tyler Durden
Trump Orders Navy 'Shoot & Kill' Iranian Boats, Says 'Doesn't Need A Deal' - While Iran Insists Could Build Nuke 'If We Wanted To'
May 10, 2026 / Tyler Durden
"They'll Be Laughing No Longer": Trump Rejects Iran Peace Deal Response As "Totally Unacceptable"
"They'll Be Laughing No Longer": Trump Rejects Iran Peace Deal Response As "Totally Unacceptable"
Summary
Trump calls Iran's peace proposal response "totally unacceptable"
Iran warns of 'decisive, immediate' response to British or French warships approaching Hormuz Strait.
Iran responds Sunday to US peace proposal, finally submitting something official to Pakistan. Details not initially disclosed. Trump TS: Iran "playing games with the United States."
IRGC new warning: will unleash "heavy attack" on US bases in region if more Hormuz aggression persists.
US x Iran permanent peace deal by June 30, 2026?
Yes 52% · No 49%View full...
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