Category: Business

The One Bearish Catalyst For Oil Right Now
The One Bearish Catalyst For Oil Right Now

In the two weeks since Russia’s invasion of Ukraine, oil prices have rallied by more than $30 to top $130 per barrel as concerns about disruptions to Russian oil supply mount. Oil is now holding near its highest level since 2008, and analysts are not ruling out a continued run to all-time highs of $150 […]

These companies continue to do business in Russia
These companies continue to do business in Russia

The list of companies continuing to operate in Russia is shrinking by the minutebut dozens of corporations including multinational manufacturers and hotel chains are still doing business in the country despite intense public pressure to withdraw over its invasion of Ukraine. McDonald’s was among the big-name companies to announce on March 8 that it would […]

Biden Takes Step Toward Regulating Cryptocurrencies
Biden Takes Step Toward Regulating Cryptocurrencies

WASHINGTON — President Biden signed an executive order on Wednesday that will direct the federal government to come up with a plan to regulate cryptocurrencies, recognizing their popularity and potential to destabilize traditional money and markets. The order, under development for months, will coordinate efforts among financial regulators to better understand the risks and opportunities […]

Bitcoin Price Surges on Biden’s Crypto Executive Order
Bitcoin Price Surges on Biden’s Crypto Executive Order

WASHINGTON—The price of bitcoin rose on Wednesday as cryptocurrency advocates cheered President Biden’s executive order directing agencies across the federal government to consider new regulations for digital currencies. The order, titled “Ensuring Responsible Development of Digital Assets,” outlined the risks cryptocurrencies pose to the economy, national security and climate, while also noting their possible benefits. […]

Amazon, Netflix, Bumble and more

netflix logo mario tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble — Shares of the online dating company surged more than 43% in midday trading. Fourth-quarter revenue was just short of expectations from Refinitiv. Still, BMO upgraded Bumble to outperform from market perform, saying in […]

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