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Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021.

Blackstone's First-quarter Earnings Surge 63%

Blackstone Inc said on Thursday its first-quarter distributable earnings jumped 63% as a strong performance from its real estate and credit businesses offset a weak showing from its hedge funds unit.
A nighttime view of Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, diesel fuel, and other refined petroleum products, in Carson, California, U.S., March 11, 2022.   Picture taken with a drone.

For Oil Refiners, Now Is The Summer Of Distillate Content

Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of the barrel instead of the most profitable.
Despite having struggled with profitability, Twitter is trying to evade the grasp of billionaire Elon Musk.

Twitter, Analysts Wary Of Musk Takeover Bid

Twitter is moving to prevent the Tesla boss from getting his hands on all of Twitter's outstanding shares, signaling that worries about where he would lead the company outweigh the proffered payoff.
Tesla commenced commercial deliveries last month from a new plant in Germany

Tesla Reports Record Profits, Bullish On 2022 Output

Elon Musk's high-flying electric vehicle company notched a new record in quarterly profits of $3.3 billion following the unveiling of new factories in Germany and Texas that have begun commercial deliveries.

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