Oil Prices End Lower with Weekly Us Crude Supply Up over 3 Million Barrels
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Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.CNBC - Business -
Oil prices score weekly gain, breaking run of back-to-back weekly losses
Oil futures finished below Friday’s session highs after the latest U.S. inflation data raised doubts that the Federal Reserve will lower interest rates anytime soon.MarketWatch - Business -
Oil Edges Higher on U.S. Inventories Draw
Oil edged higher on positive demand signs after U.S. crude inventories fell for the first time in five weeks.The Wall Street Journal - World -
Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high. • Business live – latest updates. A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and ...The Guardian - World -
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.MarketWatch - Business -
US has seen evidence of attempts by China to influence election, says Blinken
Secretary of state met Xi Jinping in Beijing and warned of sanctions over China’s support for Russian arms industry. Washington has seen evidence of attempts by Beijing to “influence and arguably interfere” in this year’s US elections, the ...The Guardian - World - China -
Oil prices give up losses to settle at a more than 1-week high
Oil futures shake off early losses Thursday to finish higher, with both U.S. and global benchmark prices settling at their highest in more than a week.MarketWatch - Business -
Francisco Lindor slugs a pair of 2-run homers and Mets end 3-game skid with 8-2 win over Giants
Francisco Lindor hit a pair of two-run homers and the New York Mets avoided a three-game series sweep with an 8-2 win over the San Francisco GiantsABC News - Sports - MLB -
Consider This Advice Before You Raise or Lower Your Business's Prices
Mimicking your competitors' prices may not be the best strategy for building your bottom line.Inc. - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
Ukraine used secretly supplied US missiles to hit Russian targets
The U.S. has already provided long-range Army Tactical Missile Systems (ATACMS) to Ukraine, according to a Pentagon spokesperson. President Biden in February directed officials to supply the longer-range versions of the ATACMS, which have been ...The Hill - Politics - Ukraine -
Congo questions Apple over knowledge of conflict minerals in its supply chain
Congo’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into supply chainsABC News - Tech - Apple -
DR Congo presses Apple over minerals supply chain, lawyers say
Yahoo News - World - Apple -
Peacock Adds 3 Million Paid Subscribers as Comcast Posts Revenue Bump
The airing of an NFL Wild Card playoff game aided subscriber growth last quarter, and net profit increased 0.6% to nearly $3.9 billion. Both beat expectations.The Wall Street Journal - World -
Eagles, wide receiver A.J. Brown agree to 3-year, $96 million contract extension
A.J. Brown is set to make $32 million per season, which will make him the highest paid wide receiver in NFL history.Yahoo Sports - Sports - NFL -
We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
Honeywell's first-quarter results topped expectations. But its current-quarter outlook came up short, pressuring the stock.CNBC - Business -
Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
Chevron produced 1.57 million barrels of oil and gas daily in the U.S. for the quarter, an increase of 35% during the same period last year.CNBC - Business -
Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
Exxon Mobil's first-quarter earnings missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.CNBC - Business -
Tesla's Plan for Lower-Priced Models Takes a Page From Detroit's Past Strategies
Automaking may be harder to disrupt on a wholesale basis, as Elon Musk shifts to incremental improvements and scraps plans for all-new designs.Inc. - Business -
How a Crypto Compliance Officer Ended Up in a Nigerian Prison
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.The New York Times - Tech -
Men's transfer tracker: Where will Andrej Stojakovic end up?
All the movement in and out of the transfer portal, including the effect of the new deadline for grad transfers.ESPN - Sports -
Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.CNBC - Business -
Bird flu outbreak is driving up egg prices — again
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.CBS News - Top stories -
Barclays accused of greenwashing over financing for Italian oil company
Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production. Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn ...The Guardian - World -
Italian towns split over moves to end honorary citizenship of Mussolini
Ustica stripped local recognition for fascist dictator in law snaring all those deceased, but debate continues elsewhere. A simple vote last Friday was enough to strip Walt Disney of his honorary citizenship of Ustica, as the tiny Sicilian island ...The Guardian - World -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - Business - China -
Scottish leader faces battle for survival after ending power-sharing deal over climate change clash
Scotland’s leader is facing a potential battle for survival after ending a three-year power-sharing agreement with the Scottish Green Party following a clash over climate change policiesABC News - World - Climate -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - Business - Joe Biden -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business