Text size The Inglewood Oil Field in Los Angeles. Mario Tama/Getty Images Countries can’t control the price of oil, but they can nudge it in one direction or another. And the latest signals from some ...
Tag: SYND
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...
Why Alibaba Stock Is an Exception to Goldman’s US Market Preference
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton
Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in ...
AMD and Intel Say PC Demand Is ‘Getting Worse.’ That’s Bad News for Chip Stocks.
Text size Intel headquarters in Santa Clara, Calif. David Paul Morris/Bloomberg So much for the vaunted second-half comeback. The two major computer-chip companies are now acknowledging PC demand is f...
Retired Couple Wins $5.2 Million Award From UBS Over YES Strategy
Two retirees won a $5.2 million arbitration award against UBS , which they accused of misrepresentation, unsuitability, and breach of fiduciary duty with regard to a complex options-trading strategy. ...
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 ...
Delta Looks to Improve Margins, Cut Debt as Travel Rebounds
Dan Janki, the finance chief of Delta Air Lines Inc., had to navigate a host of pressures in his first year in the airline industry as travel demand remained below the levels seen before the Covid-19 ...
How to Survive the Next Market Crash
Jerome Powell and the Federal Reserve might be in the process of driving the stock market over a cliff by tightening into a recession. That is one potential scenario envisioned by fund manager Mark Sp...
Big Regional Banks Might Face New Rules for Dealing With a Crisis
WASHINGTON—A group of President Biden-appointed bank regulators are considering new rules to require large regional banks to add to financial cushions that could be called on in times of crisis. The s...
Rising Bond Yields Change the Calculus for Stocks
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China’s EV Startups Suffer Widening Losses Despite Sales Boom
Sept. 19, 2022 6:00 am ET Listen to article (2 minutes) HONG KONG—China’s electric-vehicle market is booming, but the country’s hottest EV startups are seeing losses grow even as sales rise. Rising ba...
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 ...
Buy I Bonds Now at 9.6%. A New Rate Comes in November.
Text size The rate on I bonds hit a record 9.6% for bonds purchased starting in May and continuing through the end of October. Dreamstime One of the best current deals in the bond market—Treasury Seri...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
U.S. Stocks Poised for Mixed Open on Monday
Stocks were poised for a mixed open in New York on Monday ahead of the Federal Reserve’s monetary policy meeting. (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images Text size U.S....
Goldman Sachs: Why European Natural Gas Could Fall by 50%
Illustration by Elias Stein Text size Here’s a challenge to the conventional wisdom, courtesy of Goldman Sachs : Europe has “solved” its winter natural-gas crisis, and prices could drop by half in the...
A $2,000 Bonus for Opening a New Bank Account? Here’s the Deal With It.
High-yield savings accounts are paying far more than they did last year. Alexey Poprugin/Dreamstime Text size High-yield savings accounts are now paying far more than they did last year — see the best...
China’s Factories Accelerate Robotics Push as Workforce Shrinks
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age populatio...
The Latest U.S.-China Worry: Another Ramp-Up in the Tech Cold War
Text size Wang Zhao/AFP via Getty Images The already-fractured U.S.-China relationship could worsen as the U.S. rolls out more restrictions aimed at curbing China’s access to technology and investment...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this ye...
Bulls Get Scorched by FedEx. Don’t Expect the Fed to Help.
Text size FedEx’s disappointing earnings and unexpectedly weak guidance were key factors in this past week’s stock market swoon. David Paul Morris/Bloomberg The stock market faces a doubly poisonous c...