Text size Demand for oil dropped over the summer as gas prices soared. Brandon Bell/Getty Images Oil could climb above $100 a barrel before the end of the year, reversing a steady drop in prices that ...
Tag: North America
BP Stock Regains Some Ground After Fire at Refinery Leaves Two Dead
Text size BP is the operator at the Toledo, Ohio refinery where two workers died in an accident on Wednesday. Greame Robertson/Getty Images Shares of oil giant BP (ticker: BP) retraced some of their l...
These Are the 7 Worst Housing Markets, According to Lennar
Higher mortgage rates have cut into home sales at a national level—but, as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, on Thursda...
The Stock Market Is Getting Crushed Again. But the Pain Is Almost Over.
Text size The Fed is trying to stamp out inflation by reducing economic demand, which is hurting the stock market. Michael M. Santiago/Getty Images The stock market has once again gone into selloff mo...
Bitcoin Could Hit $500,000 in Next Decade, Says MicroStrategy’s Michael Saylor
Text size Bitcoin prices have plunged this year. Yuri Cortez/AFP/Getty Images Bitcoin could reclaim its November 2021 all-time high by 2026 and surge even higher if its valuation fundamentals change, ...
Battery-Swapping Unlikely To Ruffle Fragile U.S., European Chargers
Electric SUV car exchange battery in battery swapping station. Fast battery exchange solution. 3D … [+] rendering image. getty The revival of battery-swapping in China is unlikely to catch on in...
World Will Have Nearly 40% More Millionaires By 2026: Credit Suisse
North America and China helped fuel an increase in global wealth last year, according to the Global … [+] Wealth Report published by Credit Suisse Research Institute on Tuesday. Photographer: Mi...
Dollar Hits 20-Year High After Russia Mobilizes More Troops
Text size Russian President Vladimir Putin accused the West of nuclear blackmail against Russia. Alexei Druzhinin/SPUTNIK/AFP/Getty Images The U.S. dollar rose to 20-year highs early Wednesday after R...
Big businesses trumpet ESG credentials. Scrutiny is on the rise
As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people’s minds. The corporate world is no excep...
Amazon and Other Growth Stocks Have Been Hammered. Get Ready to Buy.
Text size Amazon shares are down 27% for the year. Mark Makela/Getty Images Growth stocks have been crushed this year, but several indicators point to a recovery soon—and investors should get ready to...
Tellurian Stock Sinks on Withdrawal of Bond Sale for LNG Project
Text size Tellurian said it withdrew the bond deal “due to uncertain conditions in the high-yield market.” Spencer Platt/Getty Images Tellurian shares were tumbling Tuesday after the natur...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Berkshire Looks Like a Loser with 3 Big Buys
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Bitcoin Slumps to Lowest Since Late 2020, Ether Tumbles on Fed Jitters
Text size Bitcoin, the world’s largest cryptocurrency, has declined nearly 60% this year. Dreamstime Bitcoin fell Monday and other cryptocurrencies followed it lower ahead of what’s expected to ...
Dow Futures Fall as Wall Street Anticipates Another Big Rate Hike From the Fed
Text size AFP via Getty Images Stock futures traded lower Monday in a week that is expected to see the Federal Reserve raise interest rates by another three-quarters of a point in its effort to stamp ...
The U.S. Consumer Is Running on Fumes, Say These Strategists
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. The Poor(er) U.S. Consumers The Week in 60 Seconds...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
How The Inflation Reduction Act Could Cause A Lithium Crunch
This aerial view shows the Salton Sea near Calipatria, California. Huge reserves of lithium are … [+] fostering hope among the communities around California’s largest lake. (Photo by Robyn...
Seagate Warns Disk Drive Demand Continues to Erode
Text size Seagate has been hurt by weakening demand for its disk drives in China, among other places. Dreamstime Seagate Technology continues to see weakening demand across the disk-drive business, CE...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Stocks Are Sinking and Rates Are Rising. It’s Painful, But We’re Heading for Normal.
Stocks and bonds are tumbling. Housing has weakened. And I haven’t heard a word about nonfungible cartoon monkey tokens in maybe three months. Strategists are now turning to truly bizarre assets—two I...