Chris Christie Lauded President Donald Trump For Taking Decisive Action To Crack Down On Crime In The Nation's Capital
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Yahoo
3 minutes ago
- Yahoo
Gas prices: Slipping oil prices fuel summer savings at Canadian pumps
Canada's gas price average fell 2.7 cents per litre over the past week, according to data from Kalibrate. The move lower is largely thanks to falling crude prices in response to fears of an oversupplied market. The biggest discount this week was in Calgary, where the price of a litre of regular gasoline dropped 10.6 cents between August 7 and August 15. At this time last year, Canada's gas price average was $1.678 per litre, compared to $1.452 as of Thursday. "As it stands today, there is a glut of crude oil on the market that is keeping prices down," En-Pro International chief petroleum analyst Roger McKnight wrote in a blog post on Thursday. Earlier this week, a report from the International Energy Agency found global supply could outpace demand by a record 2.96 million barrels per day in 2026, surpassing the buildup during the pandemic lockdown in 2020. At the same time, data from the U.S. Energy Information Administration released on Wednesday showed American stockpiles are at the highest level in two months. Benchmark oil prices drifted lower on Friday as investors await news from U.S. President Donald Trump's summit in Alaska with Russia's Vladimir Putin. Progress towards a deal to end Russia's war in Ukraine would help de-risk the global oil market and support prices. Trump recently increased U.S. tariffs on Indian goods in response to the country's purchases of Russian oil. So far, he has avoided targeting China over its Russian oil purchases. Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city. (All figures in CAD cents) Location August 7 August 14 Price Change Canada Average (V) 145.2 142.5 -2.7 WHITEHORSE 161.9 161.9 0 VANCOUVER* 171.1 168 -3.1 VICTORIA 166.3 171.9 5.6 PRINCE GEORGE 145.6 145.6 0 KAMLOOPS 152.3 150 -2.3 KELOWNA 149 146.3 -2.7 FORT ST. JOHN 149.2 143.4 -5.8 ABBOTSFORD 160.9 157.8 -3.1 YELLOWKNIFE 144.7 146.2 1.5 CALGARY* 137.9 127.3 -10.6 RED DEER 131.8 126.7 -5.1 EDMONTON 133.3 127.9 -5.4 LETHBRIDGE 131 130.7 -0.3 LLOYDMINSTER 130 128.9 -1.1 GRANDE PRAIRIE 131.7 129.1 -2.6 REGINA* 138.4 137.3 -1.1 SASKATOON 129.9 126.9 -3 PRINCE ALBERT 136.2 130.2 -6 MOOSE JAW 137.8 139.9 2.1 WINNIPEG * 137 135.2 -1.8 BRANDON 127.6 126.9 -0.7 CITY OF TORONTO* 135 134.5 -0.5 BRAMPTON 134.5 134.2 -0.3 ETOBICOKE 133.7 133.8 0.1 MISSISSAUGA 132.4 133.1 0.7 NORTH YORK 135.1 134.7 -0.4 SCARBOROUGH 134.1 133.9 -0.2 VAUGHAN/MARKHAM 134.1 134.5 0.4 OTTAWA 134.8 133.3 -1.5 KINGSTON 125.3 125.2 -0.1 PETERBOROUGH 126.9 121.2 -5.7 WINDSOR 131.8 132.3 0.5 LONDON 133.6 134.6 1 SUDBURY 134.2 128.6 -5.6 SAULT STE MARIE 127.6 127.6 0 THUNDER BAY 139.4 133.8 -5.6 NORTH BAY 138.3 133.1 -5.2 TIMMINS 138.6 138.1 -0.5 HAMILTON 131.3 132 0.7 ST. CATHARINES 131.4 130.8 -0.6 BARRIE 135.5 133.6 -1.9 BRANTFORD 134.1 131.4 -2.7 GUELPH 134.8 133.1 -1.7 KITCHENER 132.2 133.3 1.1 OSHAWA 130.3 133.4 3.1 SARNIA 131.2 126.9 -4.3 MONTRÉAL* 158.1 155.5 -2.6 QUÉBEC 151.6 152.8 1.2 SHERBROOKE 149.5 151.3 1.8 GASPÉ 157.7 157.7 0 CHICOUTIMI 140.4 138.6 -1.8 RIMOUSKI 151.4 150.1 -1.3 TROIS RIVIÈRES 154.4 154.3 -0.1 DRUMMONDVILLE 147.8 145.2 -2.6 VAL D'OR 156.7 156.6 -0.1 GATINEAU 142.9 139.1 -3.8 SAINT JOHN* 143 143.6 0.6 FREDERICTON 143.5 144.1 0.6 MONCTON 143.2 143.6 0.4 BATHURST 143.4 143.8 0.4 EDMUNDSTON 142.6 143 0.4 MIRAMICHI 144.9 145.8 0.9 CAMPBELLTON 144.9 145.5 0.6 SUSSEX 143.5 143.7 0.2 WOODSTOCK 144.8 145.4 0.6 HALIFAX* 145.7 146.7 1 SYDNEY 147.6 148.6 1 YARMOUTH 146.7 147.7 1 TRURO 146.8 147.8 1 KENTVILLE 146.3 147.3 1 NEW GLASGOW 146.8 147.8 1 CHARLOTTETOWN* 151.3 150.2 -1.1 ST JOHNS* 151.6 152.2 0.6 GANDER 155.3 155.9 0.6 LABRADOR CITY 158.7 159.4 0.7 CORNER BROOK 152.6 153.3 0.7 GRAND FALLS 155.3 156 0.7 SOURCE: KALIBRATE • All figures in CAD cents (*) Denotes markets used in Volume Weighted Canada Average Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
Yahoo
3 minutes ago
- Yahoo
Why would Trump and Intel want to work together: Opening Bid top takeaway
Investors are in wait-and-see mode. Fed watchers have had quite a week, getting a hot Producer Price Index, a tame Consumer Price Index, and solid retail sales data out today. As it stands, markets are still betting on that September rate cut from the Jerome Powell-led Federal Reserve. There have been a few earnings stumbles in CoreWeave (CRWV), Applied Materials (AMAT), and Cava (CAVA), but a few bright spots from the likes of Cisco (CSCO). The Bullish (BLSH) IPO saw an enthusiastic response. And now markets cast their gaze to the highly anticipated meeting today between President Trump and his Russian counterpart, Vladimir Putin. The outcome of this meeting could have a host of surprises that bullish investors haven't even thought about! Stock analysis: Intel The Trump administration is reportedly in talks to have the US government take a stake in Intel (INTC). An Intel spokesperson didn't comment directly on this to me, but offered this: "Intel is deeply committed to supporting President Trump's efforts to strengthen U.S. technology and manufacturing leadership. We look forward to continuing our work with the Trump Administration to advance these shared priorities, but we are not going to comment on rumors or speculation.' The questions here are numerous. Why would the administration even want a stake in an Intel that is far behind chief rivals Nvidia (NVDA) and Advanced Micro Devices (AMD)? I encourage Trump to compare Nvidia's earnings report on Aug. 27 to the last disaster from Intel a few weeks ago. The president isn't known to hitch his ride to losers. Intel has been a loser and may stay that way in the chip game for some time. Then again, why would Intel want to get in bed with the government when embattled CEO Lip-Bu Tan and the board must act quickly to reorganize the company? I find it hard to believe the government will be a quiet minority shareholder! Intel has billions in cash and doesn't need the money that comes with terms from any government deal. There is a lot at stake here, as Intel should be a beacon of US chip-making, not the punching bag in tech circles. The company's financials have taken a major hit, with sales down for more than three straight years and earnings evaporating in the process. "[A stake would] be a big step for Intel, but right now Intel is on a horse and buggy compared to the Godfather of AI Jensen [Huang] and Nvidia," Wedbush tech analyst Dan Ives told me. Roundtable analysis: More tech When a Wall Street analyst who has been a bear on a stock for a while suddenly issues an upgrade, it always catches my attention. Today, we have that situation on Salesforce (CRM). DA Davidson analyst Gil Luria lifted his rating on Salesforce to Neutral from Underperform. Luria said investor sentiment has declined sharply on Salesforce in recent months as questions mount around the company's acquisition strategy and near-term margins. But what may not be factored into the stock is new activist investor activity, Luria said. Luria pointed out that noted activist investor Starboard Value — led by Jeff Smith — increased its stake in Salesforce by 47% this quarter, according to new 13F filings. Starboard pushed for big changes at Salesforce three years ago, which ultimately led to a new focus on margin expansion by CEO and co-founder Marc Benioff. Luria said, "We believe this is a signal there will be another round of investor activism and increased pressure on management to refocus on growth of the core business, additional margin expansion and hold off on dilutive M&A." Meanwhile, Warren Buffett's Berkshire Hathaway sold 20 million shares of Apple (AAPL) during the period, according to a new 13F filing. Berkshire's Apple holdings remain its largest equity stake by market value, despite dropping by about $9.2 billion in the second quarter. Is Buffett signaling he is concerned about Apple's tariff exposure? Perhaps. After all, Apple did warn tariffs would hit its profits by $1.1 billion in the current quarter. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Why Trump might push for a US gov't. stake in Intel
Intel (INTC) stock is popping following reports that the US government is considering taking a stake in the legacy chipmaker after Trump's meeting with Intel CEO Lip-Bu Tan. Slatestone Wealth chief market strategist and host of Yahoo Finance's Trader Talk, Kenny Polcari, and Yahoo Finance Senior Reporter Allie Canal join Opening Bid to take a closer look at what the reported government partnership could mean for the US, Intel, and the evolving chip landscape. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. All right, let's fire up, uh, my stock of the day. The Trump administration is reportedly in talks with Intel to have the US government take a stake. Uh, Intel declined to comment specifically on this to me, but they did say this, uh, quote, Intel's deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership. Uh, the questions here are many though. One, why would the administration even want to stake in an Intel that is scary behind chief rivals Nvidia and AMD? President Trump has interacted a lot with Nvidia CEO Jensen Huang and has got a taste as to what it means to be a leader in semiconductors. Two, why would Intel want to get in bed with the government at a time in which CEO Lipu Tang and the board must act quickly to reorganize the company. I find it hard to believe the government will be a quiet minority shareholder. There's a lot of stake here, as Intel is and should be a beacon of US chip making, not the punching bag it has become. The company's financials have taken a major hit with sales down for more than three straight years and earnings evaporating in the process. A lot going on there. Still with me, my round table, Kenny, Paul Kerry, uh, Slate Stone Wealth chief market strategist, David Seif, Nomora chief economist, and Yahoo Finance reporter, senior reporter, Allie Canal. Kenny, I want to go over to you. Um, any interest in going long in Intel on news like this, uh, even in the, uh, keeping the back of your mind, or maybe just putting the front of your mind that this is a fundamentally, uh, just wrong company. I mean, nothing's going right for them. Uh, uh, agree. So Intel's not a name that I've ever owned, uh, and we don't own it here. But look, I it's certainly has a pop because of the news. But is the pop temporary? I'm not even sure. And I agree with you. Why would you want to get, why would the government want to now be partners with Intel? Why would Intel want to be partners with the government? And what does that say about future opportunities? Is the government now going to start this Trump going to start the stick his hand in other companies? Kenny, it's like the auto bailout. I mean, it reminds me of when they took a stake in GM, what, 15, 20 years ago. 100%. And so I'm a little bit I'm a little bit confused about that. But Intel's not a name that I ever owned at all. I think there's other places to put your money in the space. But so this news does nothing in terms of getting me excited about, oh, I got to jump on this Intel bandwagon. I do not. David, does the, does it benefit, um, the US economy to have a healthy Intel? Or at this point, the semiconductor industry led by Nvidia, AMD, and of course, Taiwan semiconductor, they have just passed this company by, and our economy can go chugging along relying on chips from these three companies. Yeah, I mean, you know, I don't have much to say about individual companies, but certainly, um, you know, the US has a multi-century track record of doing well by sort of not sticking its nose into things and allowing, allowing the private market to go where it may. Um, to the extent that Intel has been lagging behind, uh, it it may be the best thing for the economy to simply allow it to, uh, continue to either wither or sink or swim, so to speak, um, and allow the current leaders to continue to lead and only lose their lead if they actually get out competed. Uh, Allie, uh, we're just about almost two weeks away from that Nvidia earnings report. And it will look starkly different to what Intel put up a few weeks ago. And it's night and day. I mean, these are, these companies both might be making computer chips, but they couldn't be more different. Couldn't be more different. And Intel, I just feel like it's too late for the company to really catch up to AMD, to Nvidia. Of course, for the Trump administration, they're viewing this as an issue of national security, that they really want to make sure that Intel can survive through this volatile time. We did have the that CEO meeting with President Trump, and really we've seen that across the board of big tech, right? Apple CEO, Tim Cook, met with Trump recently. And then out of that meeting was a $100 billion investment in the US. So that is President Trump's goal. He wants to bring manufacturing production, all the things, including all the chip makers back onto the domestic soil. But they also have other types of agreements that they're rolling out that are very unique and really unprecedented. One of those being that revenue share agreement with Nvidia and AMD. They're letting them sell some of their chips to China for a kickback, for some of the revenue to the federal government. So there's just a lot of moving parts and moving pieces to this. It's still an unconfirmed report. Intel did say that they are looking forward to working with the government, but they didn't confirm whether or not this was actually happening. So it feels like the US is just going to continue to be involved in some of these companies, at least throughout the term of Trump's presidency. What ultimately comes from that and the legacy that leads and how it really changes what we view the the chip supply chain as at this current moment, that remains to be seen. Related Videos How Trump's meeting with Putin impacts investors Buffett's Berkshire Hathaway sold Apple shares. Should you? Intel Soars as Trump Considers US Stake in Chipmaker 3 AI chip stocks that are best positioned right now Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
