Energy

Tesla Considering Lowering Prices of China-Built Model 3

Tesla, Inc. (NASDAQ: TSLA) is possibly considering cutting the price of its China-built Model 3 sedans by 20% or more next year, according to Bloomberg, citing sources familiar with the matter.  Tesla shares were trading 2.01% or at USD 386.60...

Gold Prices Modestly Gain on Tuesday

Gold prices were lifted higher on Tuesday after erasing losses during early morning sessions. December gold futures gained USD 1.20 per ounce to USD 1,473.10 during late afternoon sessions. Early morning on Monday, gold erased losses from earlier...

GE Freezes Pension Plans to Cut Deficit by Up to USD 8 Billion

General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011. In total, the Boston-headquartered company...

NextEra Energy Partners to Acquire Meade Pipeline

NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction also includes roughly USD 90 Million in future capital contributions...

Oil Prices Rise after Attacks on Saudi Arabia Facilities

Oil prices witnessed a sharp rise over the weekend after Saudi Arabia’s oil facilities were attacked during pre-dawn hours on Saturday. The attacks eliminated more than half of the crude output from the world’s largest exporter. Drone attacks...

Exxon Mobil Profit Sinks for the Third Consecutive Quarter

Exxon Mobil Corporation (NYSE: XOM) on Friday reported earnings that disappointed investors for the third consecutive quarter. Quarterly profit fell by 21%, the third straight period in which profit has declined. Shares of Exxon are trading...

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