BP and Exxon Show How Hormuz Hits Earnings
Hormuz has left the price chart and entered working capital, refinery throughput, cargo timing, and hedge math.
Theo Kaplan
Bureau: San Francisco
Paramount-WBD Shareholders Approve the Deal and Reject the Parachute
Warner shareholders approved Hollywood consolidation and then used a powerless vote to say they hated the exit pay.
Cerebras Makes OpenAI Validation and Concentration the Same Fact
Cerebras got the customer every AI chip company wants, which is exactly why investors should read the dependency line.
Treasury Sanctions Are Now Corporate Filing News
Sanctions now move through wind-down dates, risk memos and counterparties before they reach diplomacy.
Warner's Pay Vote Shows Shareholder Disgust Without Shareholder Power
Warner shareholders approved the deal and rejected the payout, which is exactly how weak their power is.