Crestwood Equity Partners, a Houston-based midstream business owner and operator in shale resource plays, recently revised its 2023 well guidance for the Delaware Basin. The adjustment was made due to producers deferring their activity into the following year. Strong Growth in Second Quarter During the second quarter of 2023, Crestwood experienced robust producer activity, … [Read more...] about Crestwood Adjusts 2023 Well Guidance in Delaware Basin
CVS Health to Cut 5,000 Jobs in Cost-Saving Drive
CVS Health, a leading healthcare giant, has announced plans to cut approximately 5,000 jobs in an effort to save costs. The move comes after the company made significant acquisitions to expand into primary care. According to a report from The Wall Street Journal, CVS has stated that the job cuts will primarily affect corporate positions and will not impact customer-oriented … [Read more...] about CVS Health to Cut 5,000 Jobs in Cost-Saving Drive
Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
Shares of Ford Motor faced a reluctant downgrade on Monday as Jefferies analyst Philippe Houchois downgraded the stock to Hold from Buy. Ford's price target also saw a decrease from $17 to $15 per share. In response to this announcement, Ford shares dropped by 1.2% in early trading while S&P 500 and Dow Jones Industrial Average futures experienced a slight increase of about … [Read more...] about Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
The Summer of Uncertainty
Retailers are finding themselves in a state of uncertainty, caught between hope and despair, much like the seasons in Dickens' novels. Recent data points from June and July paint a mixed picture of consumers' spending habits. On the negative side, housing turnover has been on a decline for two consecutive years. Higher home prices and mortgage rates have deterred potential … [Read more...] about The Summer of Uncertainty
Informatica’s Q2 Financial Results
Informatica, a provider of cloud data management software, has released its second-quarter financial results. The company reported revenue of $376 million for the quarter, representing a 1% increase compared to the previous year. This exceeded both Informatica's own guidance range of $355 million to $365 million and the Wall Street consensus forecast of $360.6 million. Adjusted … [Read more...] about Informatica’s Q2 Financial Results
