refining margins to increase by as much as $4.6 billion in Q2, while the value of unsettled derivatives provided up to $900 million boost during the period which ended on June 30.
Exxon shares have gained more than 40% this year, fueled by rising oil and gas prices. It closed on Friday at $87.55. The stock, however, has lost about 17% since hitting the 52-week high on June 8 amid concerns that a looming recession could hurt demand for energy products going forward.Exxon is paying down its debt and returning more cash to investors during the current commodity boom.
Crypto hedge fund Three Arrows Capital is seeking protection from creditors in the US under Chapter 15 of the U.S. Bankruptcy Code, which allows foreign debtors to shield US assets, according to a court filing on Friday.The same day, digital asset brokerage Voyager Digital paused all customer trading, deposits, withdrawals and loyalty rewards,it’s “exploring strategic alternatives with various interested parties” and that they will provide additional information at “the appropriate time.
Coinbase stock, which closed on Friday at $49.04, has lost more than 80% of its value year-to-date amid the so-called “crypto winter” in which about $1.2 trillion has been wiped off the entire cryptocurrency market and the risk of contagion has increased.The San Francisco-based exchange last month reported lower-than-expected first-quarter revenue and warned that trading volume and user monthly transactions will be lower in the second quarter.
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My vote $XOM or just hold-on to yo $….until. Stay overweight Cash
Tesla $TSLA 1W chart looks very similar to Ripple $XRP 1W chart 🧐