The $10 Million Quest to Ace a High-School Math Test
Alex Gerko cannot wait to lose $10 million. The founder of the algorithmic trading firm XTX Markets, Gerko is now one...
financial market news
Exxon Makes Lithium Play in Long-Term Bet on EV Demand
Updated Nov. 13, 2023 10:02 am ETExxon Mobil said Monday it is starting to drill for lithium in Arkansas and...
Chevron to Buy Hess for $53 Billion
Updated Oct. 23, 2023 10:12 am ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the...
Oil Is Near $100. Shale Isn’t Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
Fuel Prices Are Soaring. Who Is Feeling the Pinch?
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
‘The Market Is Dead’: Ukraine’s Farmers Count the Cost of Grain Deal’s Collapse
Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and...
The Panama Canal Has Become a Traffic Jam of the Seas
More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link
Uber’s Business Is Finally Making Money After Years of Losses
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Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping...
Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
Market Bets on Cheaper Oil, Dashing Saudi Hopes for a Price Rebound
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to...
Inflation Drags Eurozone Economy Into Recession
High energy and food prices following Russia’s invasion of Ukraine hit household spending in Europe. Source link
GameStop Shares Fall as It Terminates CEO and Ryan Cohen Becomes Executive Chairman
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer. Source link
What Is Happening With Binance?
The SEC sued the largest crypto exchange and its controlling shareholder, saying they enriched themselves at investors’ expense. A look...
Municipal Bond Issuers on Edge as Debt Ceiling Deadline Nears
City and state governments fear a potential surge in borrowing costs and curtailed federal spending. Source link
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Source link
GOP, Democrats Draw Red Lines Ahead of Biden Debt-Ceiling Meeting
The outlines of a possible deal to raise the debt ceiling and limit spending are starting to emerge, but negotiators...
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
Drop in Transportation Stocks Foreshadows Weakening Economy
The Dow Jones Transportation Average has badly underperformed the Dow Jones Industrial Average since early February. Source link
