Energy shock delivers 144% boost in profits for BP
The British oil giant reported net profit of $5.7 billion in the second quarter, surpassing Wall Street consensus.
The British oil giant reported net profit of $5.7 billion in the second quarter, surpassing Wall Street consensus.
Watch out below! Copper, Gold and the AUDUSD are all tumbling to the downside today. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
To be sure, bonds are still very tuned-in to oil price movement with a high level of moment-to-moment correlation. That dynamic has seen yields trade both higher and lower so far today with most of the “lower” happening between 8:20 and 9:10am. Since then, both yields and oil are back on the rise. But the…
San Francisco’s median home-sale price dropped to a low of $625,000 in the aftermath of the Great Recession; since then, it has risen over $1 million to more than $1.7 million. The tech industry and recent AI boom have helped propel home prices, enriching homeowners while making America’s most expensive housing market even less affordable…
US banks expanded their commercial real estate (CRE) portfolios by 3% in the first quarter, the fastest rate of growth in the asset in nearly three years. Across 4,336 US banks, total CRE exposure stood at $2.61 trillion as of March 31, up $74.9 billion from three months earlier. It was the largest proportional increase…
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Trust in AI to help find a home in the US has dropped by 14 percentage points over the last year, the Cotality survey showed, from 30% in 2025 to 16% in 2026. Preference for working with a human, meanwhile, has jumped for US homebuyers. Fifty-five percent (55%) of buyers said they would prefer using…