Oil Rally Pauses as Traders Await US Stockpile Data
Oil steadied as traders await official US inventory data following a volatile start to the week marked by unexpected OPEC+ supply cuts.
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Exxon Makes Rare Purchase of North Sea Oil on Key Platts Window
Exxon Mobil Corp. bought North Sea crude on a closely watched oil pricing window for the first time in almost two years.
Netflix’s Crackdown on Password Sharing Emboldens Stock Bulls
In 2017, Netflix Inc. tweeted that “love is sharing a password.” In 2023, Wall Street loves that the company has changed its tune.
Israel Strikes Gaza After Rockets Fired in Fresh Escalation
Israeli fighter jets struck Hamas weapons manufacturing and storage sites in the central Gaza Strip Wednesday after a barrage of rockets and mortars from Gaza were fired at southern Israel as part of escalating violence.
Bonds Climb as ADP Surprise Eases Fed-Hike Jitters: Markets Wrap
Treasuries climbed as a weaker-than-estimated jobs reading signaled narrowing room for the Federal Reserve to keep raising interest rates.
Erste Said In Advanced Talks To Buy BNP Czech Consumer Assets
Erste Group Bank AG is in advanced talks to buy BNP Paribas SA’s consumer-finance business in the Czech Republic, people with knowledge of the matter said.
State Lawmakers Are Pushing Anti-Trans Legislation at Record Rates
A rundown of the bills targeting LGBTQ rights in states across the US
Freeport CEO Sees More Copper Deals After Glencore’s Teck Bid
Glencore Plc’s proposed $23 billion takeover of Teck Resources Ltd. is part of a copper consolidation trend that will yield more deals as investors demand growth in an industry struggling to tap new deposits, according to the world’s top publicly traded producer.
US-China Split Could Hinder Foreign Investment and Lower Global GDP, IMF Warns
Geopolitical fragmentation, driven by tensions between the US and China, risks damaging the global economy, with foreign direct investment and other capital increasingly being channeled toward aligned blocs of countries, the International Monetary Fund warns.
Swedish Pension Fund Chief Tries to Placate Savers Angry Over $2 Billion Losses
The chief executive officer of Alecta, Sweden’s biggest pension fund, has reassured clients that the company is financially solid despite a failed investment strategy in the US that wiped out almost $2 billion in retirement savings.