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The Latest Breaking News from Marathon

Lawsuits challenge Bay Area oil refineries’ switch to biofuels

With the planet warming at an unsustainable rate, two large Bay Area oil refineries are switching to liquid biofuels production — a seemingly cleaner alternative than fossil fuels. But those plans instead have run afoul of environmental groups that have filed lawsuits to bring the transition to a halt.

Tribune News Service

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service

Nipsey Hussle's shooting death was planned, jury told

A Los Angeles prosecutor says the killing of Nipsey Hussle was premeditated by a man charged with fatally shooting the Grammy Award-winning rapper outside his clothing store three years ago

The Independent UK

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EXCLUSIVE: New York Bitcoin Bill Is Illogical, Plays Politics With Bitcoin Mining, Marathon Digital CEO Says

New York lawmakers passed legislation banning the use of carbon-based energy sources for the mining of Bitcoin.

Benzinga

Nipsey Hussle's alleged killer heads to trial. Conviction won't bring closure to Crenshaw

LOS ANGELES — There are only nine miles between the Crenshaw neighborhood parking lot where Nipsey Hussle was shot to death in 2019 and the downtown Los Angeles courtroom where his alleged killer will stand trial this month. But to some, the two places might as well be worlds apart.

Los Angeles Times

6 Best-Performing Robinhood Stocks Of 2022

The SPDR S&P 500 ETF Trust (NYSE: SPY) is off to a brutal start to 2022, down 12.1% year-to-date. Robinhood Markets Inc (NASDAQ: HOOD) has been one of the worst performers of all so far this year, dropping 43.3%.

Benzinga

Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement.

Benzinga

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How Do Bitcoin Miners Generate Cash Without Selling Crypto Holdings?

Bitcoin (CRYPTO: BTC) miners have embraced new strategies to finance operations without selling any of their crypto holdings.

Benzinga

The Battle of Beaumont

A grueling labor fight dragged on in the once-mighty union bastion of southeast Texas, pitting the oil giant against an embattled Steelworkers local.

Texas Observer

Exxon Mobil, Marathon Oil Stocks Soar; But Is It A Warning Signal For The Economy?

The S&P 500 has struggled so far in 2022, but a combination of energy shortages, booming reopening demand, inflation and geopolitical unrest has oil prices trading at multi-year highs.

Benzinga

Chart Wars: Between Riot Blockchain And Marathon Digital, Which Bitcoin Miner Will Reverse First?

Marathon Digital Holdings, Inc (NASDAQ: MARA) and Riot Blockchain, Inc (NASDAQ: RIOT) were trading just slightly lower on Thursday compared to the general markets, which saw the S&P 500 gap down 2.5% before beginnin

Benzinga

Piper Sandler Upgrades Marathon Oil After Strong Management Message

Marathon Oil Corporation (NYSE: MRO) expects to return up to $3.1 billion to shareholders in 2022, which equates to around 20% of its shares outstanding, according to Piper Sandler.

Benzinga

Marathon’s huge Louisiana refinery rocked by explosion, fire

Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.

Tribune News Service

Bitcoin miners revived a dying coal plant – then CO2 emissions soared

Critics say the enormous electricity consumption needed to sustain cryptocurrency is fueling the climate crisis and now threatens a partial resurrection of coal in the US

The Guardian - US

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Benzinga

Marathon Digital Plans $750M Stock Offering Instead Of Selling Bitcoin: Here's Why

Major Bitcoin (CRYPTO: BTC) mining companies have opted to sell stock instead of their BTC holdings to maintain their cash reserves.

The Guardian - US

Nipsey Hussle’s family to open Marathon store No 2: ‘Fulfilling his dream’

Samiel Asghedom, Nipsey’s brother, also told the Guardian of plans for a free music program for youth at Crenshaw and Slauson

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