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US regulator restores company leverage to skip shareholder votes

The top U.S. securities regulator revised guidance on Wednesday to give companies more leverage to skip shareholder resolutions submitted for annual meetings, undoing a change made in 2021 and seen as a blow to activists pressing companies on environmental, social or governance issues. Such resolutions have become the centerpiece of many corporate meetings in recent years as investors took new interest in matters like climate change or workforce diversity. Critics include Mark Uyeda, named acting chair of the U.S. Securities and Exchange Commission last month by President Donald Trump.

Reuters 7 minutes ago

Global marine fuel sales jump in 2024 on Red Sea diversions

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts. Rotterdam marine fuel sales, also called bunker fuel, rose 12% in the first quarter of 2024 to 2.16 million tons, or about 38,000 bpd from the previous three months, according to Rotterdam port authority data, and held above that level for the rest of 2024. "Diversions have indeed increased tonne mileage due to longer routes which has boosted demand for fuels in ships," said Aldo Spanjer of BNP Paribas.

The Trump premium isn't being baked into Meta's stock: Analyst

Meta's stock is reacting more so to fundamentals than Zuck's closer proximity to the White House.

Meta accounting move on AI servers to boost profit this year

(Bloomberg) -- Meta Platforms Inc. made a small change last month that’s likely to increase the company’s profit by billions of dollars this year. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIt wasn’t the release of a new product or cost cuts. It was a tweak to an accounting formula used to measure the depreciation of its expensive artificial intelligence infrastructu

Exxon seeks permit for its eighth oil, gas project in Guyana as output rises

GEORGETOWN (Reuters) -A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production, and to explore another well at its massive offshore block, the head of the U.S. oil major in Guyana said on Wednesday. The Exxon group is getting ready for a very active year for exploration and production in Guyana following upgrades that increased the capacity of two of its three floating facilities and the expected arrival of a fourth vessel in the coming weeks, which will expand its total output capacity to around 940,000 barrels per day (bpd). Guyana is pressing Exxon to produce and deliver more natural gas, part of the government's strategy to rely on the fuel for power generation, to industrialize the country and begin petrochemical and liquefied natural gas businesses that can expand revenue.

The Trump premium isn't being baked into Meta's stock: Analyst

Meta's stock is reacting more so to fundamentals than Zuck's closer proximity to the White House.

Why Amazon's stock has surprising upsides

The bulls cling to the bullish Amazon narrative.

Why the 'best hedge' against the AI rally losing steam in 2025 is healthcare: Morning Brief

Investors have largely abandoned much of the healthcare space in favor of tech. But as tech falters, some strategists see the underrated sector as being the perfect tech hedge.

3 new reasons to be concerned about Magnificent 7 stocks

The Magnificent 7 trade is under pressure. What's your next move?

Why Tesla's stock has been cratering

Tesla's stock is enduring a violent sell-off.

Apple’s new Powerbeats Pro 2 earbuds get heart rate sensors, improved design for $249

Apple's latest Powerbeats Pro 2 get a built-in heart rate monitor for $249.

Elon Musk reportedly offers $97.4 billion for OpenAI, Sam Altman says 'no thank you'

OpenAI CEO Sam Altman shot down an unsolicited offer by Elon Musk to purchase OpenAI for $97.4 billion.

The Magnificent 7 trade is struggling — Here's why

The Mag 7 trade has cooled down. Here is the simplest reason why.

What economic leaders said about the future of AI in the workforce at Davos

Economic leaders had a lot to say about the future of artificial intelligence in the workforce — and the perspectives vary.

Hidden AI stocks set to rally amid DeepSeek's breakthrough, analysts predict

For investors looking to cash in on AI’s next growth phase, it may be time to look beyond hyperscalers and chipmakers like Nvidia and AMD.

Nvidia Shares No Longer Bulletproof as DeepSeek Fears Linger

(Bloomberg) -- Nvidia Corp. investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that fears of a slowdown in AI spending aren’t going away.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleNvidia shares slumped 17% in a single day, erasing about $590 billion from the company’s market capitali

Why Amazon's stock has surprising upsides

The bulls cling to the bullish Amazon narrative.

Dominion Energy raises five-year capex plan to meet data centers' power demand

Power demand in the U.S. is expected to rise to record highs in 2025 and 2026 due to growing demand from data centers dedicated to artificial intelligence and cryptocurrency, as well as from homes and businesses for heat and transportation, according to the U.S. Energy Information Administration. Dominion said data centers contracted 88% more power capacity, or 19 gigawatts (GW), in December as compared to July.

MyFitnessPal to Offer Personalized AI Meal Planning After Quietly Buying Startup

(Bloomberg) -- MyFitnessPal, the food and calorie-tracking app, bought an artificial intelligence startup and will soon debut AI-powered meal plans, a feature the company hopes will boost sign-ups and subscriptions.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleThe acquisition of meal-planning startup Intent closed last year for an undisclosed sum and has not been previo

OPEC sticks to 2025, 2026 global oil demand growth forecasts

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 1.45 million barrels per day (bpd) in 2025 and by 1.43 million bpd in 2026. Both forecasts were unchanged from last month.

Utility Exelon forecasts 2025 profit above estimates

U.S. utilities have been seeking to raise customer power bills to fund infrastructure upgrades, as the country's electrical grids face extreme weather events and growing demand from industry electrification and data center expansions. Exelon said it plans to invest $38 billion in capital expenditures over the next four years, 10% higher than its previous plan.