The news should cause some concerns or perhaps weeping among US investors who see big US companies as the pride of the global corporate fleet.
PetroChina (PTR), China’s big oil company, passed GE (GE) in market cap today. The company’s oil and gas output rose a modest 5%. PTR shares were up 13% overnight.
PetroChina’s market cap is now over $420 billion. Exxon (XOM) is still ahead of it at $520, but that probably won’t last.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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