President Vladimir Putin’s war in Ukraine, and the wave of Western sanctions in response, is starting to hit Russia’s economic engine: Its prodigious oil-and-gas industry. The US and Canada have barred the little Russian oil they import, while the European Union is considering a ban. But for the most part, Western sanctions have so far […]
US stocks fell and oil prices jumped, as concerns about rising energy prices, supply shortages and inflation rattle investors once again. The S&P 500 ticked down 0.5% Wednesday, while the Dow Jones Industrial Average fell 0.7%. The tech-focused Nasdaq Composite Index lost 0.2%. Major US stock indexes jumped Tuesday, as investors shrugged off worries that […]
SAN JOSE, Calif.—Ramesh “Sunny” Balwani was not in charge at Theranos Inc., and the blood-testing company was neither his idea nor his creation, his attorney told a jury Tuesday as the second criminal-fraud trial involving the defunct Silicon Valley startup got under way. The responsibility for the rise and fall of Theranos rests on founder […]
Russia’s invasion of Ukraine has shaken the global market for uranium, a critical fuel for nuclear-power plants, prompting some in the US to propose reviving domestic production. Russia enriches more uranium for use in nuclear plants than any other country in the world. Its increasing economic isolation following its attack on Ukraine—and talk of potential […]
Alibaba Group Holding ltd. BABA -4.35% boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half. The potential buybacks are substantial compared with the Chinese e-commerce giant’s market value: As of […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
Text size The S&P 500 saw its best week since November 2020 last week. Ed Jones/AFP via Getty Images The stock market slide Monday as Federal Reserve Chair Jerome Powell indicated that the central bank could be more aggressive in lifting interest rates. Tea Dow Jones Industrial Average dropped 202 points, or 0.6%, while the […]
US stocks declined and oil prices rose as investors reacted to new Federal Reserve commentary following major indexes’ strong finish last week. The S&P 500 traded down 0.6% in afternoon trading, turning lower after comments from Fed Chairman Jerome Powell about the possibility of more aggressive interest-rate moves to tame inflation. Treasury yield rose following […]
An iconic Andy Warhol silk-screen portrait of Hollywood starlet Marilyn Monroe is headed to Christie’s in New York later this spring for $200 million—a record asking price for any artwork at auction. The 3-foot square silk-screen from 1964 depicts a promotional photo from the actress’s film “Niagara.” The artist transformed the actress into a pop-art […]
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