Energy prices fall but relief may be temporary
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The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
MarketWatch - Business
Bitcoin may head towards $50,000 as the crypto falls to a four-month low
Bitcoin on Friday plunged to the lowest level in over four months.Crypto -
ABC News - World
Ahead of Iran's presidential runoff, a floated rise in gasoline prices may spark new protests
Comments suggesting that Iran's reformist presidential candidate could increase government-set gasoline prices have raised fears of a repeat of nationwide protests -
CNBC - Business
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Europe on Thursday confirmed tariff increases on electric vehicles imported from China to the continent with automakers criticizing the move.European Union -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
Financial Times - Business
Ukraine withdraws from parts of Chasiv Yar as Russia advances
Pullout highlights challenge facing Kyiv as Russian offensive intensifies and US military aid has been slow to arriveUkraine -
MarketWatch - Business
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame. -
The New York Times - Top stories
Varying Treatment of Biden and Trump Puts Their Parties in Stark Relief
Republicans and Democrats live in radically different universes, interpreting the same set of facts through radically different lenses.Joe Biden -
Financial Times - World
Stifling China’s green energy boom would be a disaster
Does the government in Beijing have the courage to throw its weight behind what business is already doing?China -
The Guardian - World
Can the climate survive the insatiable energy demands of the AI arms race?
New computing infrastructure means big tech is likely to miss emissions targets but they can’t afford to get left behind in a winner takes all market. The artificial intelligence boom has driven big tech share prices to fresh highs, but at the ...Climate -
VentureBeat - Tech
From code to impact: Devs unleash AI in energy at Crusoe’s hackathon
The event showcased how AI tools can compress months or years of traditional work into mere hours, potentially revolutionizing clean energy deployment. -
The Wall Street Journal - World
FTSE 100 Rises After U.K. Labour Election Victory
The FTSE 100 rose 0.4%, led by housebuilding shares, after the U.K. Labour Party won a widely-anticipated landslide victory in the general election.United Kingdom -
MarketWatch - Business
Factory orders in Germany slide in May
German factory orders tumbled in May, marking the fifth month of a decline from Europe’s industrial powerhouse, according to data released Thursday. -
The Wall Street Journal - World
Oil Slips After U.S. Data Points to Cooling Economy
Oil prices were weaker on a thinner trading day due to the Fourth of July holiday and despite softer-than-expected U.S. employment and business activity data fuelling optimism for future rate cuts. -
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CNBC - Business
Energy giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants
Energy giant Shell on Friday said it expects to record a post-tax impairment hit of up to $2 billion mainly linked to its Singapore and Rotterdam plants. -
Financial Times - Business
Oil prices rally as peak driving season gets under way
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle -
The Wall Street Journal - World
Car Prices Are Declining. Buyers Aren't Seeing It.
The average price paid is expected to fall this year for the first time since 2008, but interest rates are keeping payments high. -
Financial Times - World
Luxury price rises leave rich asking: is it worth it?
The post-pandemic spending surge appears to be over -
BBC News - Top stories
Theresa May and 'bionic' MP awarded peerages
New honours and peerages are announced just minutes before polls closed in the general election. -
The Wall Street Journal - Business
Car Prices Are Declining. Buyers Aren't Seeing It.
The average price paid is expected to fall this year for the first time since 2008, but interest rates are keeping payments high. -
The New York Times - Lifestyle
Marc Jacobs’s Latest Fall Collection Is Delightful Delusion
The designer’s fall collection, inspired by “personal transformation,” was wholly cartoonish. -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days. -
The Wall Street Journal - World
German Factory Orders Unexpectedly Fall Again
Manufacturing orders were 1.6% lower in May than the prior month, indicating that the key sector for Germany’s export economy continues to struggle.Germany -
The Wall Street Journal - World
European and Asian Stocks Gain; Bitcoin Falls
Global stocks rose, while U.S. index futures were mixed, after the S&P 500 and the Nasdaq Composite closed at record highs in the previous session.Crypto -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
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The Wall Street Journal - World
Euro Could Extend Rise Against Dollar if U.S. Jobs Data Miss Forecasts
The euro could extend gains against the dollar if U.S. nonfarm payrolls data miss expectations, but any rise will be limited, ING said. -
MarketWatch - Business
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022. -
MarketWatch - Business
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases. -
NBC News - Top stories
Ozempic may be linked to condition that causes blindness, but more research is needed
People taking Ozempic and Wegovy may be at increased risk of developing a debilitating eye condition that can cause irreversible vision loss, a study published in JAMA Ophthalmology finds. -
MarketWatch - Business
Gold prices settle at 1-month high as silver jumps 4%
Gold futures posted their highest settlement in about a month on Wednesday, while silver prices climbed by 4%, with both precious metals supported by weakness in the U.S. dollar and bond yields following the release of downbeat economic data. -
The Hill - Politics
Ozempic, Wegovy may be linked to risk of rare form of blindness: Study
Those who take Ozempic or Wegovy may have an increased risk of developing a rare form of blindness, though future research is needed to make a final determination, researchers in a new study said. The study, published Wednesday in the medical ... -
The Wall Street Journal - World
CoStar Group CEO Andy Florance Gets Record Price for Florida Home
The $28.5 million property is the most expensive home ever sold on the Panhandle.Florida -
Inc. - Business
Small Businesses Filing for Bankruptcy May Face Challenges as Government Program Expires
The rule had let small businesses with less than $2.75 million in debt file under Subchapter V. -
The Guardian - World
Who is Biden’s biggest fan? The answer may surprise you | Fiona Katauskas
He’s a huge supporter. See more of Fiona Katauskas’s cartoons here Continue reading...Joe Biden -
Financial Times - World
India’s ‘passion for gold’ fades as prices hover near record high
Some brides switch to artificial jewellery, although richest consumers have not been put off -
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The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said.