BP’s CEO shake-up signals the end of its green energy era

British oil giant BP just announced a new CEO, marking its fourth chief executive shakeup in the last six years alone.  The company named Meg O’Neill, who previously led Australia’s top oil and gas company Woodside Energy for the role. O’Neill will become the first woman to hold the top executive spot at one ofContinueContinue reading “BP’s CEO shake-up signals the end of its green energy era”

Long-term mortgage rate hits 6.22%, hovering near its low for the year

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.6%. Borrowing costs on 15-yearContinueContinue reading “Long-term mortgage rate hits 6.22%, hovering near its low for the year”

Inflation cooled in November, but data may be distorted

At a time when Americans are frustrated and angry over the high cost of living, the government released a report Thursday showing that inflation had cooled unexpectedly in November. But economists quickly warned that last month’s numbers were suspect because they’d been delayed and likely distorted by the 43-day federal shutdown. And most Americans haveContinueContinue reading “Inflation cooled in November, but data may be distorted”

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