EIA Slashes Price Forecasts for WTI and Brent Oil: What Will it Mean for You?
The Energy Information Administration (EIA) recently released its monthly Short-Term Energy Outlook report, which included reduced forecasts for U.S. and global benchmark crude oil prices in 2023 and 2024. This downward revision comes as concerns about weakening global economic conditions, risks in the global banking sector, and persistent inflation continue to weigh on oil prices. […]
Mercury Systems Shares Plunge 9%: Aerospace Giant Lowers 2023 Outlook for Defense Tech Sector
Mercury Systems Inc., a leading aerospace and defense electronics manufacturer, experienced a 9% drop in MRCY stock in the extended session on Tuesday. This came after the company reported higher-than-expected fiscal third-quarter profit and sales, yet slashed its guidance for the year. In this article, we will analyze Mercury Systems’ financial performance and its future […]