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Refining Giant Phillips 66 Books Lower-Than-Expected Earnings

Phillips 66 reported lower-than-forecast profits for the first quarter of the year, with refinery maintenance affecting product sales.

Mark-lashier , Tsvetana-paraskova , Valero-energy , Valero , Wall-street , Gulf-coast , Refining , Hillips-66 , Arnings , Rofits , Evenue , Orecast

ExxonMobil Underwhelms With Q1 Earnings

Exxon reported lower-than-expected earnings for the first quarter of 2024 due to declining natural gas prices and refining margins.

Guyana , United-states , American , Guyanese , Tsvetana-paraskova , Exxon , Wall-street , North-american , Darren-woods , Earnings , Rofits , Evenues

WHAT'S HAPPENING

Editor’s note: To have your event posted in this section, please email Editor P.C. Robinson at probinson@newjerseyhills.com.

Great-swamp-national-wildlife-refuge , New-jersey , United-states , Washington , China , Watchung , Great-swamp , Turkey , Bernardsville , Fort-lee , Alstede-farms , Hoboken

Mark Zuckerberg Warns Investors that Profits from Generative AI Still Years Away

Despite Meta's investments, Zuckerberg tempered expectations by indicating that profits from generative AI initiatives may not materialize in the near future.

California , United-states , Mark-zuckerberg , Mark-zuckerberg-meta , Conference-at-mcenery-convention-center , Instagram , Inno-flores , Tech-times , Oculus-quest , Mcenery-convention-center , San-jose , Getty-images

U.S. Refiner Valero Energy Beats Profit Forecasts in Q1

Valero Energy saw its adjusted net income more than half in the first quarter compared to a year earlier but still managed to beat analyst consensus estimates.

Ukraine , Russia , United-states , Indiana , American , Ukrainian , Russian , Tsvetana-paraskova , Valero-energy , Reuters , Valero , Wall-street

Tesla Promises Cheap EVs by 2025

Tesla has promised to sell cheaper models next year after the company shelved its plans for an all-new car that would cost only $25,000.

China , Chinese , Charles-kennedy , Reuters , Tesla , V , Lectric-vehicle , Ost , Ales , Rofits , Arnings ,

U.S. Refiners Set to Report Strong Q1 Earnings

U.S. Refiners Set to Report Strong Q1 Earnings

United-states , Indiana , Ukraine , Russia , Ukrainian , American , Russian , Jason-gabelman , Tsvetana-paraskova , Us-energy-information-administration , Valero-energy , Reuters

The tax twists that emerge on disgorgement of illegitimate profits

When SEBI punishes wrongdoers by asking them to disgorge illegal gains, it raises an important issue of treatment of income tax on these gains as well 

Taxes , Rofits , Ebi , Arkets , Axation ,

WHAT'S HAPPENING

Editor’s note: To have your event posted in this section, please email Editor P.C. Robinson at probinson@newjerseyhills.com.

New-jersey , United-states , Round-valley , Texas , Miami , Florida , Clinton-united-methodist-church , Ridgedale , Morris-plains , Fort-lee , Hackettstown , Long-hill

WHAT'S HAPPENING

Editor’s note: To have your event posted in this section, please email Editor P.C. Robinson at probinson@newjerseyhills.com.

New-jersey , United-states , Fairview , Washington , Fort-lee , Alstede-farms , Whitehouse , District-of-columbia , Raritan-valley-community-college , Passaic , Great-swamp-national-wildlife-refuge , Florham-park