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- 1Jim Cramer names stocks that can win despite rising oil and bond yields▼Jim Cramer says these stocks can win even as oil and bond yields squeeze the market
CNBC's Jim Cramer highlighted a group of stocks he believes can perform well even as higher oil prices and rising bond yields put pressure on the broader market. He argued that climbing yields and energy costs typically squeeze equities by raising borrowing costs and squeezing margins, but certain companies are positioned to withstand or benefit from those conditions.
- 2Justice Alito recuses himself from Supreme Court climate case●US Supreme Court's Alito won't participate in climate case involving oil companies
US Supreme Court Justice Samuel Alito will not take part in a climate case involving oil companies, Reuters reports. The recusal means the case will be decided by the remaining eight justices, which could affect the outcome if the court splits evenly. No reason was given for his decision not to participate.
- 3Justice Alito recuses himself from major Supreme Court climate case●Samuel Alito steps aside in a major climate case amid scrutiny over oil stock holdings
US Supreme Court Justice Samuel Alito has recused himself from a significant climate case amid scrutiny over his financial holdings in oil companies. The decision removes him from deliberations on a closely watched environmental dispute. Alito has previously faced criticism over ethics and potential conflicts of interest involving stock ownership and undisclosed gifts.
- 4Justice Alito recuses from Supreme Court climate lawsuits case●Alito recuses from case that could toss climate suits against oil companies
Supreme Court Justice Samuel Alito has recused himself from a case that could determine the fate of climate lawsuits brought by states and municipalities against major oil companies. Without giving a reason, Alito's removal leaves eight justices to weigh whether the suits, which seek damages for climate change harms, can proceed. The outcome could reshape how oil companies are held accountable for emissions, making the case one of the most consequential climate-related matters to reach the high court.
- 5Socar cuts fuel prices at Italian stations after Eni move●Azerbaijan’s Socar will cut fuel prices at its Italian service stations, following a similar move by Eni that eases pres
Azerbaijan's state oil company Socar has announced it will lower fuel prices at its service stations across Italy, following a similar cut by Eni. The price reductions ease pressure on Premier Giorgia Meloni's coalition, which faces calls to impose a windfall tax on energy companies ahead of the next election.
- 6BP weighs sale of Brazilian biofuels business●BP weighs sale of Brazilian biofuels business, Bloomberg News reports
BP is considering selling its Brazilian biofuels business, according to a Bloomberg News report picked up by Reuters. The potential divestment would mark another step in the energy major's efforts to streamline its portfolio and refocus on core oil and gas operations, though no buyer or valuation has been named and the company has not confirmed a deal.