Investment banks are expressing confidence in the strength of U.S. retail fuel margins this year. According to analysts at Raymond James, the average gross rack-to-retail margin in the U.S. was 37 cents per gallon (cts/gal) in January, based on data from OPIS. Although this is a slight decrease from December's 42 cts/gal, the drop is primarily attributed to recent wholesale … [Read more...] about Investment Banks Remain Optimistic About U.S. Retail Fuel Margins in 2024
Forex News
Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
LAS VEGAS — Amidst the excitement of Super Bowl week in Las Vegas, the Culinary Workers Union has made progress in negotiations with several hotel-casinos. A tentative agreement has been reached with Binion's, Four Queens, Fremont, and Main Street, securing the rights of approximately 1,000 workers. However, discussions with the Golden Nugget, Downtown Grand, and Virgin Las … [Read more...] about Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
Air Products & Chemicals Faces Unexpected Decline in Sales
Air Products & Chemicals, a leading provider of essential industrial gases and chemicals, experienced a surprising decline in sales during the fiscal first quarter. This led to a revision of their annual earnings outlook, dampening investor expectations. Sales and Earnings Figures During the quarter ended December 31, the company reported a profit of $609.3 million, … [Read more...] about Air Products & Chemicals Faces Unexpected Decline in Sales
Bowlero Corp. Surpasses Expectations, Announces Dividend for Shareholders
Shares of Bowlero Corp. experienced a surge on Monday following the company's announcement of a dividend payout to its shareholders and the release of better-than-expected fiscal second-quarter revenue. Dividend Announcement Bowlero Corp. revealed that it will be distributing a cash dividend of 5.5 cents per share on March 8th to shareholders listed on record as of February … [Read more...] about Bowlero Corp. Surpasses Expectations, Announces Dividend for Shareholders
Gama Aviation to Return $20.8 Million to Shareholders
Gama Aviation, a London-listed business aviation services company, has announced plans to return £16.5 million ($20.8 million) to shareholders. This decision comes as part of a phased return, allowing Gama to meet its near-term capital requirements. Tender Offer Details Shareholders will have the opportunity to sell their shares at a price of 95 pence each through a tender … [Read more...] about Gama Aviation to Return $20.8 Million to Shareholders
