Markets Welcome Gridlock, Brace for Brinkmanship
Markets on Wednesday delivered an immediate verdict on the new balance of power in Washington: less fiscal exuberance now, and a higher risk of political brinkmanship later. After Democrats won…
A.I. Boom Enters a More Tangible Phase
A New Phase of the A.I. Boom Takes Shape The artificial intelligence frenzy that first centered on chatbots and cloud software is increasingly spreading into a more concrete and capital-intensive…
Oil Falls as U.S.-Iran Diplomacy Eases Hormuz Fears
Oil prices fell sharply on Monday after fresh signs emerged that the United States and Iran, with Qatar acting as an intermediary, were testing a diplomatic path that could avert…
War Risks and Diesel Shortages Lift Oil Giants
War Risk and Fuel Shortages Lift Oil Giants The world’s largest oil companies reported a fresh wave of outsized quarterly profits on Thursday, as conflict-driven refinery disruptions and mounting fears…
Oil Falls as Europe’s Gas Fears Surge Amid Middle East Tensions
Oil prices fell on Monday after Saudi Arabia sent one of its most senior royals to Tehran for talks aimed at containing the widening Middle East conflict, a rare diplomatic…
British Shoppers Pull Back as Budget Nears
British households grow more cautious as retail sales slip before budget British consumers pulled back sharply in September and turned markedly gloomier in October, according to fresh data released days…
China’s Capital Splits in Two
A widening divide is emerging in the way money is moving around China. On one side, wealthy Chinese individuals are increasingly shifting assets that are already offshore into American bank…
Musk Extends His Empire Across Business and Politics
Musk Broadens His Reach Across Finance, Media and Politics Elon Musk’s influence over American industry and public life has long rested on a familiar set of assets: rocket launches, electric…
Oil Above $100 as Gulf Tensions Deepen
Oil Holds Above $100 as Gulf Attacks and Iranian Threats Rattle Markets Oil prices remained elevated on Friday, with U.S. crude holding above $100 a barrel and Brent crude hovering…
Oil Rises as Hormuz Threats and Yemen Violence Rattle Markets
Oil prices climbed on Tuesday as traders confronted a widening arc of danger stretching from the Strait of Hormuz to Saudi Arabia, with fresh reports of tanker attacks, new British…