Thinkstock Quick Read The rotation trade had another run on Wall Street Monday, as tech stocks led the selling once again. While the move away from the AI/Data center trade has gained some strength, the reality is that with a likely third year of double-digit gains for the S&P 500, year-end profit taking is also coming in. With a slew of economic data set to come in this week, volatility could rise even  further. If you’re thinking about retiring or know someone who is, there are three quick quest ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Oil major Shell has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform. ...

Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

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Baker Hughes and Hunt Oil Company have signed a global joint framework agreement aimed at redeveloping mature oil and gas fields and extending the life of aging assets. The collaboration pairs Baker Hughes’ advanced energy technologies and subsurface capabilities with Hunt Oil’s long-standing expertise in exploration, development, and field operations across major hydrocarbon basins. Both companies describe the deal as a strategic effort to unlock remaining value in fields that still hold commercial pote ...

What matters in U.S. and global markets today ...

Core Insights - The global oil market is experiencing an oversupply situation, leading to significant price pressures and potential implications for various stakeholders in the industry [1] Group 1: Market Dynamics - The current oil supply exceeds demand, resulting in a surplus that is affecting pricing strategies across the board [1] - Major oil-producing countries are facing challenges in managing production levels to stabilize prices [1] Group 2: Economic Implications - The oversupply of oil is likely to impact the revenues of oil companies, particularly those heavily reliant on high prices for profitability [1] - Consumers may benefit from lower fuel prices, which could stimulate economic activity in other sectors [1]

Core Points - The Financial Reporting Council (FRC) has initiated a formal inquiry into Ernst & Young (EY) regarding compliance with UK audit partner rotation requirements during the audit of Shell's financial statements for the year ending December 31, 2024 [1][3] - The investigation will evaluate adherence to regulations concerning the duration of service for lead audit partners, as Shell reported issues with compliance to the London Stock Exchange in July 2025 [1][2] - EY has acknowledged that the time limits for partner rotation, as per the FRC's Revised Ethical Standard, were exceeded, leading Shell to amend its annual reports for 2023 and 2024, although the underlying financial statements will remain unchanged [2][4] Group 1 - The FRC's inquiry was confirmed during a Conduct Committee meeting on October 21, 2025, and will be conducted in accordance with the Audit Enforcement Procedure [3] - EY communicated to Shell that the US audit opinions for 2023 and 2024 should not be relied upon, prompting a reassignment of responsibilities and the reissuance of these audit opinions [3] - EY reported the exceeded time limitations to the FRC, indicating a proactive approach to compliance issues [4]

Core Viewpoint - TotalEnergies has agreed to sell an indirect stake of nearly 10% in a Malaysian offshore gas block to Thailand's state-backed PTTEP for an undisclosed amount [1] Company Summary - TotalEnergies is a French oil major involved in the sale of an indirect stake in a gas block [1] - PTTEP is a state-backed company from Thailand that is acquiring the stake [1] Industry Summary - The transaction highlights ongoing investment and collaboration in the offshore gas sector between companies in Southeast Asia [1]