Exxon Mobil signals massive profit spike but Wall Street is divided

I covered Chevron CEO Mike Wirth’s stark warning about oil price pressure building through June and July, and the IEA data showing global inventories drawing down at a record pace.  This week, on July 7, ExxonMobil gave investors the first concrete look at what those dynamics are actually worth in dollar terms. The numbers are […]

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Fidelity says one IRA move could shield late retirement

After decades of building savings in a traditional individual retirement account, retirement may finally be within reach.  But once retirees reach the required minimum distribution age, currently 73 for those born 1951–1959 and rising to 75 for those born in 1960 or later, the Internal Revenue Service requires annual withdrawals from those accounts, regardless of

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GameStop just cleared a hurdle nobody was watching

GameStop shareholders approved a routine-sounding item on Tuesday: more authorized Class A shares. The timing complicates that read. Six days earlier, Sony confirmed it will stop manufacturing physical PlayStation game discs starting in January 2028, closing the book on the exact product category GameStop was built to sell. Sony’s move wasn’t really a surprise. Nearly

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