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'Big Short' investor Michael Burry piled into energy and shipping stocks last quarter. A top strategist explains why.

Fri, 08/18/2023 - 05:01

Michael Burry Getty — Michael Burry.
Kevin Mazur/WireImage

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, ubs

Europe's biggest companies reported a combined €100 billion loss from leaving Russia, report says

Mon, 08/07/2023 - 05:32

Putin — Russian President Vladimir Putin chairs a meeting with members of the Russian government via teleconference in Moscow on March 10, 2022.
MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russia, companies, Oil and Gas

Ted Cruz accused JD Vance of empowering 'the radical Green Movement' by aligning with Democrats on a bill to prevent rail disasters like the East Palestine crash

Thu, 05/11/2023 - 11:30

Tech Insider : Politics, Economy

JD Vance and Ted Cruz at CPAC — JD Vance and Ted Cruz at CPAC.
Alex Wong/Getty

politics, economy, Rail, Rail Freight, safety, energy, Oil and Gas

Russia's economy will be frozen for a long time as it relies more on China and 'yuanization,' think tank says

Tue, 05/09/2023 - 11:36

Tech Insider : Economy

Vladimir Putin — Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square in central Moscow on May 9, 2023.
GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russian Economy, Sanctions, Yuan, Oil and Gas, Ukraine War

Russia can use its sovereign wealth fund to help pay for its war on Ukraine despite sanctions, report says

Fri, 04/28/2023 - 09:32

Tech Insider : Business

russian soldiers military — Soldiers conduct military exercises in Moscow, Russia, on September 1, 2022.
Russian Defense Ministry/Handout/Anadolu Agency via Getty Images

Markets, MI Exclusive, Russia, russia economy, Russian Oil, Sanctions, Ukraine War

Youth climate activists plan to protest the biggest social event for Washington's political-media class

Thu, 04/27/2023 - 14:43

Tech Insider : Politics, Climate Crisis

Climate activists protest outside the Interior Department. — Jemal Countess/Getty Images for Sunrise AU

politics, Sustainability, Oil and Gas, climate crisis, climate activists, President Joe Biden, White House

Biden promised 'no more drilling on federal lands, period.' He just broke that pledge to approve a massive oil project in Alaska.

Mon, 03/13/2023 - 16:12

Tech Insider : Economy, Politics

Bernie Biden — In 2020, Democratic presidential candidate Joe Biden pledged to stop all new oil drilling on federal land.
AP Photo/Wilfredo Lee

economy, politics, News, Joe Biden, Climate Change, Alaska, Oil and Gas

Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022

Sun, 03/12/2023 - 15:36

Saudi Aramco profits soared to $39.5 billion in the first quarter.

Rafael Henrique/Getty Images

finance, Markets, Saudi Aramco, Oil and Gas, oil prices, Saudi Arabia, Exxon Mobil

Europe is now stuck with a huge stockpile of natural gas after hoarding it last year for a brutal winter that never came

Wed, 02/15/2023 - 04:28

Floating Storage and Regasification Unit (FSRU) — Europe is now looking at its highest natural-gas stockpiles in years.
John MacDougall/AFP/Getty Images

Markets, energy, News, MI Exclusive, Europe, Oil and Gas, Natural Gas

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

Mon, 02/13/2023 - 04:12

Vladimir Putin — Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."
Mikhail Metzel/Getty Images

Markets, News, MI Exclusive, Commodities, Russia, Oil, energy

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