US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]
US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles. The Ukraine invasion has prompted Western car makers, luxury-good purveyors and other companies to leave Russia. Makers of drugs, vaccines and medical equipment continue to do business, however, saying […]
A further step by the Securities and Exchange Commission toward forcing companies from China off American exchanges helped trigger the worst decline in US-listed Chinese stocks since the global financial crisis, and sparked a selloff in Hong Kong. The steep drops add to a punishing period for Chinese shares—some of which have now lost 40% […]
US stocks fell Thursday, as investors weighed up surging US consumer price inflation, a hawkish tilt from the European Central Bank, and stalled Russia-Ukraine negotiations. Oil prices were also rising again. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -1.37% fell 357 points, or 1.1%, to 32,930. The S&P 500 SPX, -1.56% […]
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. […]
European oil giants Shell SHEL 3.18% PLC and BP BP 5.21% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t […]
0