Gone are the days when star mutual fund managers were household names. The strong personalities that once dominated fund management—think Bill Gross or Peter Lynch—have moved on. Many active mutual fu...
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Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
Rivian Recalling Nearly All of Its Vehicles
Rivian Automotive is recalling nearly all of its vehicles to address a potential problem that could cause customers to lose steering control, the company said Friday. The electric truck and SUV maker ...
OPEC Just Put a New Floor on Oil Prices. Politics Could Break It.
Text size Top oil producers agreed on a major cut in production to boost crude prices, a move denounced by the U.S. Frederic J. Brown/AFP via Getty Images OPEC’s latest controversial decision to cut p...
AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years
Listen to article (1 minute) Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip make...
AMD Revenue Warning Has Stock Falling
Advanced Micro Devices warned Thursday afternoon that it will miss its prior guidance for the September quarter, citing deteriorating demand for PCs. The chip maker’s stock is falling in after hours t...
Former Apple Car Executive’s Battery Startup Plans $1.6 Billion Factory in Michigan
Our Next Energy Inc., an electric-car battery startup involving several former leaders of Apple secretive car project, is planning to invest $1.6 billion into a factory in Michigan to make enough batt...
PVC Piping Prices Are Dropping as Housing Market Weakens
Text size PVC piping is made from ethylene, a petroleum product that Occidental Petroleum produces. Dreamstime.com As rising interest rates interest rates pummel the housing market, the ripple effects...
Oil Prices Slip Despite Prospect of Major Supply Cut
Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...
Nikola Founder Trevor Milton Hangs Legal Defense on Expert Testimony
Updated Oct. 4, 2022 3:02 pm ET Listen to article (2 minutes) Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard profes...
Micron Plans to Build Largest U.S. Chip Plant Ever
Micron Technology plans to invest billions of dollars to build a huge new chip manufacturing plant. The company says the so-called megafab will be the largest semiconductor factory ever built in the U...
Ford’s EV Sales Nearly Tripled in September. The Stock Is Surging.
Ford Motor sales fell 9% in September but electric-vehicle sales almost tripled with the auto maker’s F-150 Lightning remaining the best-selling EV pickup truck in the U.S. The automaker said total ...
Trump Files Defamation Lawsuit Against CNN, Seeking $475 Million
Former President Donald Trump filed a defamation lawsuit Monday against CNN, accusing the network of engaging in a smear campaign against him in the lead-up to the 2024 presidential race. Mr. Trump’s ...
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berk...
Logistics Not to Blame for Tesla’s Deliveries Miss. There Is a Bigger Reason.
Tesla stock was getting hammered after weaker-than-expected third-quarter delivery numbers. Wall Street seems to believe the shortfall was due to logistics. That isn’t what investors are worried about...
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday. Th...
Why Interest Rates Are Rising Everywhere—Except Your Savings Account
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Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota
MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...
The Next Big Battle Between Google and Apple Is for the Soul of Your Car
A few years from now, in addition to deciding your next vehicle’s make and model, you may have another tough choice: the Google model or the Apple one? Other options may include “car maker generic” an...
A Strong Dollar Spells Trouble for Some U.S. Companies
The dollar has soared as the Federal Reserve has raised rates. U.S. Treasury yields now provide the best return over expected inflation in more than a decade, incentivizing investors to buy dollars to...
Buy Verizon Stock for a Turnaround and Its Big Dividend, Says Analyst
Text size The Verizon logo is seen at a Verizon Wireless store in San Francisco. Justin Sullivan/Getty Images Oppenheimer believes Verizon Communications stock is now too cheap to ignore. On Wednesday...