Merger Momentum The past week has been big for mergers and acquisitions in the oil industry. On Monday, Chevron (CVX) revealed its intent to purchase Hess (HES) for $53 billion. But that was only the second largest deal of the week, it turned out.. The first belongs to Chevron’s competitor ExxonMobil (XOM), which announced its…Read more
Against the Grain Many economists and market watchers started the year expecting an economic downturn as high inflation, and high interest rates, threatened to weigh on consumer spending and investments. But so far, they’ve been rather wrong. Despite these ongoing headwinds, as well as geopolitical upheaval, the U.S. economy has stayed the course – and…Read more
Spooky Spending Spooky Season is getting scarier for Americans, and definitely for their wallets. Halloween spending is set to reach an unprecedented $12.2 billion in 2023, according to the National Retail Federation‘s annual survey. For reference, last year’s total sat at $10.6 billion. This is partly driven by increasing enthusiasm over the holiday: 73% of…Read more
