Bulletin
Investor Alert

Commodities

U.S. oil futures end at lowest price of the year as worries about more Fed hikes rattle market

Oil tallies a third consecutive loss on Tuesday, as worries about more aggressive monetary tightening by the Federal Reserve rippled across markets. 3:08 p.m. Dec. 6, 2022

X-Energy Reactor Company to go public through $2 billion merger with Ares Acquisition

X-Energy Reactor Company is merging with special purpose acquisition company Ares Acquisition Corp. in a $2 billion deal that will see the developer of small nuclear reactors go public. When the transaction closes, the combined company will be named X-Energy, Inc., and will be listed on the New York Stock Exchange. "The combination will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor ("SMR") and proprietary fuel that supports the transition to clean, affordable energy through enhanced safety, lower cost, scalability and broader industrial applications," Ares Acquisition said, in a statement. "X-energy's entry into the public markets is expected to accelerate its growth strategy through additional investment opportunities and financial flexibility as well as differentiated sponsorship by Ares Management Corporation," it added. Investing and consulting company Ares Management Corp. launched Ares Acquisition in 2021 with the goal of entering into a combination with one or more businesses. The SPAC merger has a pre-money equity value of more than $2 billion, according to the companies. Ares Acquisition's stock rose 0.1% before market open Tuesday, while Ares Management was down 1.3%. 7:20 a.m. Dec. 6, 2022

NRG Energy buying Vivint Smart Home in $5.2 billion deal

NRG Energy Inc. said Tuesday it will pay $12 a share or $2.8 billion in cash for Vivint Smart Home Inc. and assume $2.4 billion of the company's debt for a total deal value of $5.2 billion. The price of $12 a share is a 33% premium to Vivint's closing share price on Monday. Shares of Vivant jumped 31% in premarket trades. The deal is expected to close in the first quarter. NRG said the transaction will fit its effort to become "the leading provider of essential services for homes and businesses." Vivint's products include Vivint smart hub, Vivint smart home app, Vivint doorbell camera pro, and Vivint outdoor camera pro. Shares of NRG Energy are down 5.2% in 2022 compared to a 16.1% drop by the S&P 500 . 6:17 a.m. Dec. 6, 2022

Commodities Headlines

Brent futures settle at lowest since January with focus on Fed pace of rate hikes after ISM data

Oil futures end lower on Monday, with global Brent prices posting their lowest settlement since January.

3:47 p.m. Dec. 5, 2022
Exxon CEO gets 10% base pay raise

Exxon Mobil Corp. said Monday its compensation committee approved an increase in the annual salary for chairman and CEO Darren W. Woods to $1.875 million per year in 2023, up from $1.703 million for 2022. CFO Kathryn A. Mikells will receive an annual base salary of $1.221 million, up from $437,500 in 2021, when she joined the company. Shares of Exxon Mobil are up 79.5% in 2022 compared to a 14.6% loss by the S&P 500 .

9:21 a.m. Dec. 5, 2022
What analysts think of the $60 price cap on Russia oil

The Group of Seven nations and the European Union set a cap Friday on Russian seaborne oil at $60, but analysts question its effectiveness.

6:15 p.m. Dec. 2, 2022
Oil ends lower for the session, up for the week, ahead of OPEC+ meeting, EU ban on Russian oil

Oil futures end lower on Friday, but up for the week, ahead of Sunday's OPEC+ meeting and Monday's launch of a European Union ban on Russian crude imports.

3:17 p.m. Dec. 2, 2022
U.S. oil prices settle at a 2-week high as traders eye China COVID curbs, OPEC+ meeting

U.S. oil prices settle Thursday at a 2-week high, as China moves to relax some of its COVID-19 restrictions and investors await a weekend meeting of OPEC+.

3:08 p.m. Dec. 1, 2022
Oil-price volatility complicates Sunday’s OPEC+ decision on production levels

Oil has been particularly volatile, making an OPEC+ decision this weekend even more difficult.

2:32 p.m. Dec. 1, 2022
What’s next for lumber as it looks to be 2022’s worst-performing commodity

Lumber is among the biggest commodity price decliners this year, and the outlook for the market doesn’t look to improve anytime soon.

1:21 p.m. Dec. 1, 2022
Drop in U.S. crude supplies boosts oil, but prices end lower for the month

Oil futures find support Wednesday after data showing a third straight weekly drop in U.S. crude inventories, but end lower for the month.

3:14 p.m. Nov. 30, 2022

Video

3 ways to save on holiday shopping this year

  • 3 ways to save on holiday shopping this year 3 ways to save on holiday shopping this year 2:13
    How to balance saving for retirement and life in your 30s How to balance saving for retirement and life in your 30s 23:03
    Employers look to retirement and other benefits to retain workers Employers look to retirement and other benefits to retain workers 3:55
    What's next for inflation? And what exactly is at stake? What's next for inflation? And what exactly is at stake? 31:04
  • What the electric-vehicle boom means for charging-station business What the electric-vehicle boom means for charging-station business 3:36
    What you need to know about expanded Public Service Loan Forgiveness What you need to know about expanded Public Service Loan Forgiveness 27:20
    The ocean economy could reach $3 trillion by 2030. Here's what to know The ocean economy could reach $3 trillion by 2030. Here's what to know 3:53
    3 investing opportunities tied to China's aging demographics 3 investing opportunities tied to China's aging demographics 3:38
  • What record pork prices mean for the restaurant industry What record pork prices mean for the restaurant industry 3:03
    Crypto going mainstream Crypto going mainstream 24:58

Partner Center

Link to MarketWatch's Slice.