Valero Energy Partners (VLP) earned 18 cents per partner unit, matching Q1 views on revenue of $22.6 mil. In its 1st quarterly report since its Dec. '13 IPO spinoff from Valero Energy, Valero reported lower volumes in its Memphis logistics system due to unusually severe winter weather. The decreases were partially offset by higher volumes in its Lucas crude system. Valero shares rose 0.1% to 43.52.
The insurer was accused by a short-seller of "extensive" fraud.
Will Chinese "overproduction" of semiconductor chips swamp the market?
Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. Nvidia chipmaker Taiwan Semiconductor reports early Thursday, with huge implications for the chip sector. The stock market rally opened slightly higher but once again quickly headed lower, with the Nasdaq leading the retreat.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
Raoul Pal has an extensive background in financial markets. He has served as head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. More recently, he started his own crypto hedge fund, investment research firm and financial knowledge platform. His opinion on crypto is valued around the world, and he is constantly sending out market insights to his 1 million followers on X. Pal considered many factors to arrive at his prediction that Bitcoin will
With strong demand and AI partnerships with Google in hand, Nvidia stock shows resilience and etches a potential breakout.
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.
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