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Marathon Petroleum Earnings, Revenue Beat in Q1 By Investing.com

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Marathon Petroleum Earnings, Revenue Beat in Q1 By Investing.com



© Reuters. Marathon Petroleum Earnings, Revenue Beat in Q1

Investing.com – Marathon Petroleum (NYSE:) reported on Tuesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Marathon Petroleum announced earnings per share of $-0.2 on revenue of $22.88B. Analysts polled by Investing.com anticipated EPS of $-0.7017 on revenue of $19.26B.

Marathon Petroleum shares are down 5% from the beginning of the year, still down 4.62% from its 52 week high of $59.93 set on March 11. They are under-performing the which is up 10.39% from the start of the year.

Marathon Petroleum follows other major Energy sector earnings this month

Marathon Petroleum’s report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $0.65 on revenue of $59.15B, compared to forecasts EPS of $0.5989 on revenue of $56.38B.

Chevron had beat expectations on Friday with first quarter EPS of $0.9 on revenue of $32.03B, compared to forecast for EPS of $0.8875 on revenue of $32.54B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Cathie Wood says recent sell-off is not the end of the tech trade, ‘exponential’ growth ahead

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Cathie Wood says recent sell-off is not the end of the tech trade, ‘exponential’ growth ahead


Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018.

Alex Flynn | Bloomberg | Getty Images

Star fund manager Cathie Wood defended the innovation sector on Tuesday, explaining that the recent weakness in tech stocks will ultimately reverse course and can’t be compared to the bubble top of 2000.

“Many consider what has happened in the last three months to be the beginning of another, or the equivalent of, the tech and telecom bust. We do not believe that’s the case in the least,” Wood said during an Ark Invest webinar on Tuesday.



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Liz Cheney is vowing behind the scenes that she won’t stop fighting Trump over election ‘Big Lie’

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Liz Cheney is vowing behind the scenes that she won’t stop fighting Trump over election ‘Big Lie’


Rep. Liz Cheney (R-WY) attends a Congressional tribute ceremony to the late Capitol Police officer Brian Sicknick who lies in honor in the Rotunda of the Capitol in Washington, DC, February 3, 2021.

Erin Schaff | Reuters

GOP Rep. Liz Cheney, who appears likely to be stripped of leadership duties by her fellow House Republicans, does not plan to stop blasting former President Donald Trump for repeating the lie that the 2020 election was stolen from him, according to people familiar with the matter.

Cheney, a staunch conservative, has been telling key donors and supporters behind the scenes that she is going to continue to hold Trump and the Republican Party accountable for what she has called the “Big Lie,” said these people.

Her father, former Vice President Dick Cheney, has been involved in these talks, as well, the people said.

These people declined to be named in this story in order to speak on a private matter.

That stance is likely going to cost Liz Cheney her spot as GOP conference chair in the House. House Minority Leader Kevin McCarthy, R-Calif., has told members to expect a vote on Wednesday to remove Cheney from the position. Rep. Elise Stefanik, R-N.Y. is in line to take over that post. Trump, who has ripped Cheney as a “warmonger,” has endorsed Stefanik for the role.

During a call with her allies and top donors late last month, Cheney said she has no intention to back down from Trump, according to one of the people with direct knowledge of the matter. She has publicly linked Trump’s false claims about the election to the deadly riot on Jan.6 on Capitol Hill.

Cheney, like every other member of the House, is up for reelection next year. Numerous Republicans have announced primary campaigns against her.

Cheney was one of 10 House Republicans who voted to impeach Trump in the weeks following the deadly insurrection. Many of her top donors told CNBC last week that they plan to stick with Cheney despite the move by Republicans to oust her from her leadership post.

The April call included a small group of supporters, including former Vice President Cheney, one person said. While Dick Cheney has been involved with his daughter’s campaigns in the past, he now finds himself in the midst of a battle for a party he once led along with former President George W. Bush.

Dick Cheney, according to people familiar with this call and other recent private gatherings with him, has indicated he supports his daughter’s stance on Trump and the Capitol riot.

The April discussion took place before the House Republican retreat and prior to McCarthy publicly taking aim at Cheney in a Fox News interview and other instances.

Liz Cheney, in multiple recent private meetings, has told allies that she will likely discuss Trump’s election claims on the campaign trail. She has also acknowledged it could be a challenge to convince at least some Republicans in her state that the Trump’s claims are, in fact, lies.

Former Vice President Dick Cheney looks on as his daughter Rep. Liz Cheney, R-Wyo., takes the oath of office on the House floor on Tuesday, Jan. 3, 2017.

Bill Clark | CQ-Roll Call, Inc. | Getty Images

Trump defeated Democrat Joe Biden in Wyoming by over 43 percentage points in 2020. Cheney was recently censured by the Wyoming Republican Party for her vote to impeach Trump.

Representatives for Liz Cheney and Trump did not return requests for comment. The Wyoming lawmaker recently wrote an op-ed in the Washington Post and called for the party to move on from Trump.

“We Republicans need to stand for genuinely conservative principles, and steer away from the dangerous and anti-democratic Trump cult of personality,” Cheney wrote.

Still, the apparent unity between Cheney, her father and their associates against Trump and his brand of politics represents an attempt at maintaining power by a piece of the Republican Party that seems to have been losing sway in a party that’s largely guided by the former commander in chief.

Dick Cheney has not publicly condemned Trump’s stance on the election. People close to him say there is no sign he’s actively lobbying members of Congress to try to help his daughter keep her leadership spot.

Liz Cheney herself, according to Politico, has not been making calls to other Republican officials that could help preserve her position as House GOP chair.



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EasyFi Unveils A Reinstatement Plan to Win Back Users’ Trust By CoinQuora

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EasyFi Unveils A Reinstatement Plan to Win Back Users’ Trust By CoinQuora



EasyFi Unveils A Reinstatement Plan to Win Back Users’ Trust

EasyFi, a universal layer two lending protocol, has announced the reinstatement of its protocol in response to the security incident in which the platform lost over $80 million in funds. From security audits to insurance and a new roadmap to product launches, EasyFi plans to restore the network from the ground up.

Background

EasyFi is a DeFi lending protocol designed for cryptocurrencies powered by Polygon. In an April 20 blog post, Ankitt Gaur, CEO of the project, detailed an attack that resulted in the loss of 2.98 million $EASY tokens, which were worth apiece at the time of the hack, totaling over $75 million. Additionally, the hacker removed $6 million from liquidity pools in DAI, Tether, and USD. The incursion, which occurred on April 19, was a targeted attack compromising the MetaMask wallet of the admin and mnemonic keys.

Lately, the EasyFi team shared an interim compensation plan for lenders/depositors who lost their funds in the hack. As per the plan, the team will compensate 100% net balance deposited in protocol contracts on the Polygon network while it continues its search operation. Though it’s working with the team of experts to gain insights into the hack, the security incident was a lesson for EasyFi that it needs to tighten all loose ends.

After hardforking EASY tokens and initiating EASY V2 tokenswaps, it becomes even more essential for the platform to secure its network from future attacks. Let’s see what the team has in place!

Reinstatement Plan – BulletProofing the EasyFi Protocol

As per the article shared by the team, the platform intends to secure the platform and its services using security audits and insurance covers.

  • In the decentralized finance market, security audits are essential to ensure a protocol is free from possible errors or loopholes. EasyFi plans to partner with top audit companies to audit its protocol’s smart contract code and incorporate new security practices for better security of its ecosystem. Additionally, it shall partner with companies with bug bounty programs for anyone to evaluate EasyFi’s code.
  • Since most DeFi protocols and their smart contracts rely on code and smart contracts, users get exposed to a new type of risk that isn’t in the traditional finance world. With the recent hack and its valuable lessons, EasyFi no longer wants to expose its community to an uncertain market event. Therefore, the EasyFi team has plans to partner with insurance providers to mitigate the risks and infuse extra security and confidence in EasyFi protocol. This additional layer on the platform will help protect the users’ engagement and collateral positions into EasyFi’s contracts. As a part of the plan, the team will offer insurance against its protocol and positional liquidations.

In addition to security audits and insurance covers, EasyFi is relaunching its primary protocol and putting in extra efforts to ensure the community feels comfortable using its platform.

Doing all EasyFi can to Rising Again – Stronger and Faster

After the team has partnered for security audits and insurance covers, it will launch EasyFi’s protocol on Binance Smart Chain (BSC) and Polygon again. Meanwhile, as soon as protocol sections comply with requisite security practices and go through necessary auditing, the team will open them for utilization.

Additionally, the team has plans to develop several yield farming and liquidity sourcing protocols for EZ token holders and EasyFi users on all three networks – BSC, Polygon, and .

Furthermore, EasyFi will launch the anticipated collateral options, like tokenized stocks and staked derivatives, which will open up new options of liquidity for the community members. The team recently revealed its partnership with Clover to offer collateral options and dedicated money markets to the crypto ecosystem.

Lastly, the team will introduce new upgrades to the UI/UX of the EasyFi application shortly. In addition to the new products and a roadmap, brand new access programs will be introduced to bring more opportunities for EZ & EZ IOU holders to get allocations in upcoming promising projects.

This article was first published on coinquora.com

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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