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Oil Edges Higher on U.S. Inventories Draw
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OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.The Wall Street Journal - World -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - World - China -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
Verstappen edges Leclerc again to take Miami pole
Red Bull’s Max Verstappen beats Ferrari’s Charles Leclerc to pole position at the Miami Grand Prix.BBC News - Top stories -
‘Second renaissance’: tech uncovers ancient scroll secrets of Plato and co
Researchers and Silicon Valley are using tools powered by AI to read what had long been thought unreadable. More than 2,000 years after Plato died, the towering figure of classical antiquity and founder of the Academy, regarded by many as the ...The Guardian - World -
Putin on our doorstep: Ukrainians watch as the frontline edges closer
Russian forces are advancing in the country’s eastern regions, but the recent arrival of US arms could help turn the tide. It was a perfect May evening. Daria Karpinska and her friends sat in the corner of a five-a-side pitch and played cards. ...The Guardian - World - Ukraine
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Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
The Science Behind Why the World Is Getting Wetter
From East Africa to southeastern Australia, large parts of the planet are underwater after unusually heavy rains in unexpected areas.The Wall Street Journal - World -
Baby Boomer Professors Join Student Protests, Risking Arrest and Violence
Faculty are taking to the front lines at universities, often in support of students’ right to protest.The Wall Street Journal - World -
Bondholders to Push Ukraine to Resume Debt Payments After Hiatus
After Russian troops stormed into the country two years ago, Ukraine’s lenders said Kyiv could wait to pay them back. Now, their patience is starting to run out.The Wall Street Journal - World - Ukraine -
Israel Wants to Go Into Rafah. It's Taking a Big Risk.
The military objectives are important, but risks to civilians and to Israel’s international standing will be hard to escape.The Wall Street Journal - World - Israel