The U.K., a Maritime Insurance Hub, Commits to Cap Price of Russian Oil
WASHINGTON—The British Treasury chief said the U.K. was committed to a U.S.-led effort to put a cap on the price...
Commodity/Financial Market News
Heat in Europe Is Driving Up Olive Oil Prices
Soaring temperatures in Spain this summer are expected to hit the country’s olive oil production, pushing up prices and threatening...
Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sending Shares Spiraling
Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond Inc. BBBY -19.63% this week, capping...
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game
Wall Street thinks it’s bluffing.This could spell trouble for both of them. Markets pummeled by the Fed’s rate increases in...
BHP Earnings Nearly Triple as Coal Prices Run Hot
ADELAIDE, Australia—BHP Group Ltd. said its annual profit nearly tripled as it benefited from the sale of its petroleum business...
China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut
SINGAPORE—China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly...
Aramco Reports Record Profit, Injecting Saudi Kingdom With Cash
DUBAI—High crude prices are infusing Saudi Arabia with billions of dollars in cash, fueling record profit at its national oil...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure
Inflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well...
Russia, Ukraine Clear Way for Grain Exports to Resume Amid Fears of Global Food Crisis
ISTANBUL—Russia and Ukraine agreed Friday to resume exports of millions of tons of Ukrainian grain via the Black Sea for...
Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions
Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to...
U.S. Inflation Hits New Four-Decade High of 9.1%
U.S. consumer inflation climbed to 9.1% in June, a pace not seen in more than four decades, adding pressure on...
Manufacturers Brace for Nord Stream Repairs, Fearing Pipeline Won’t Reopen
PARIS—European manufacturers are preparing for possible natural-gas rationing that would force them to shut production amid fears that Russia is...
G-7 Bid to Cap Russian Oil Price Faces Hurdle of Global Enforcement
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U.S. Push for Exceptions in Europe’s Sanctions on Russian Oil Gains Traction
A U.S. push to pare back one of the European Union’s sanctions on Russian oil has tentatively started to gain...
The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
Bottleneck Fuels Record-High Gas Prices
A shortage of fuel-making facilities is pushing U.S. gasoline and diesel prices to record levels, just as drivers prepare for...
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of...
