Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.01% PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty...
Commodity/Financial Market News
Melvin Capital to Close Funds, Return Cash to Investors
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions
Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless...
Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket
Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
Starbucks Plans Barista Raises, Says Unionized Cafes Will Need to Bargain
Starbucks Corp. said it would boost pay for U.S. baristas who have been with the company for at least two...
Tariff Probe Casts Shadow on U.S. Solar Build-Out
American utilities are anticipating a significant slowdown in the build-out of new solar farms amid a U.S. probe into Asian...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
American, United Project Packed Planes This Summer
Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the...
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following...
Elon Musk Takes Surprise 9% Stake in Twitter, Sending Shares Higher
In 2021, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah...
Biotech Stocks, Once Booming, Enter Bear Territory
Biotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
Home-Price Growth Accelerated in January
Home-price growth accelerated in January as the supply of homes for sale fell to a new low. The S&P CoreLogic...
Europe’s Economy Slows as Ukraine War Sends Costs Soaring
Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine while U.S. business activity picked...
Aramco Profit Hits $110 Billion as Saudis Seek to Expand Investments
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to...
Canadian Pacific Railway Work Stoppage Threatens New Supply-Chain Snarl
Canadian Pacific Railway Ltd. trains were halted Sunday morning following an impasse in contract negotiations between the company and its...
