U.S. refiner Phillips 66 can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday. ...

Trader Trafigura has moved the first shipment of Venezuelan fuel oil to Europe in nearly two years, two trading sources and data seen by Reuters showed. ...

Shares of Palantir Technologies jumped 6.9% in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending. ...

Drax Group on Tuesday said it could cut more than 350 jobs in the UK and North America as part of the power firm's long-term strategy to bolster UK energy security and advance its transition to lower-... ...

German voice actors have launched a grassroots boycott against Netflix over a contract clause that allows the streaming platform to use their recordings for AI training, a spokesperson for the VDS voi... ...

Group 1 - Shell has agreed to sell a 20% stake in its Orca project offshore Brazil [1] - The buyer of the stake is Kuwait Foreign Petroleum Exploration Company (KUFPEC) [1]

Core Viewpoint - The U.S. dollar is experiencing significant volatility due to unpredictable government policies and concerns over Federal Reserve independence, leading to potential capital flight and a reassessment of U.S. assets by global investors [1]. Group 1: Dollar Volatility and Market Impact - The dollar has seen a decline of almost 2% in one week in January, reaching four-year lows, before rebounding sharply, which has caused turmoil in the metals market [1]. - Gold prices fell by 5% following the dollar's rebound, marking its largest daily drop since the early 1980s, while silver and copper also experienced significant declines from recent peaks [1]. - The global currency market, valued at nearly $10 trillion a day, has become more volatile, with the euro/dollar exchange rate volatility reaching its highest level since July [1]. Group 2: Investor Sentiment and Asset Management - Foreign investors hold approximately $70 trillion in U.S. assets, having more than doubled their holdings over the past decade, but are now reassessing their exposure due to the dollar's instability [1]. - A disorderly decline of the dollar, defined as a 5% monthly loss, could lead to a drastic sell-off of long-dated Treasuries and tighten U.S. financial conditions significantly [1]. - Investment managers are shifting towards a neutral stance, reducing exposure to stocks and gold, and employing options strategies to hedge against uncertainty in Treasury yields [1].

Core Viewpoint - Walmart's shares reached a market value of $1 trillion, marking a significant milestone as it becomes the latest U.S. company to enter the trillion-dollar club [1] Company Summary - Walmart is recognized as the world's largest retailer, achieving a market capitalization of $1 trillion for the first time [1]

Core Insights - Josh D'Amaro, the new CEO of Walt Disney, is recognized as a celebrity among both the company's recreational devotees and employees, indicating his significant influence and popularity within the organization [1] Company Overview - The leadership of Josh D'Amaro marks a new era for Walt Disney, emphasizing a focus on employee engagement and customer experience within the Magic Kingdom [1]

Core Viewpoint - Activist investor Donerail Group has made a non-binding indicative proposal to acquire MarineMax for $35 per share, which would result in an all-cash deal valuing the company at approximately $500 million [1] Group 1: Acquisition Proposal - The proposal from Donerail Group is non-binding and indicative, indicating that it is an initial offer that may be subject to further negotiation [1] - The acquisition price of $35 per share represents a significant premium over MarineMax's recent trading prices, suggesting a strategic move to enhance shareholder value [1] Group 2: Company Valuation - The total valuation of MarineMax in this proposed deal is around $500 million, highlighting the company's market position within the superyacht service industry [1] - This acquisition could potentially reshape the competitive landscape of the superyacht service sector, depending on the outcome of the negotiations [1]