Oil spikes on reopened China and ‘hopes’ of refinery supply
The price of West Texas Intermediate is rising on Monday after China reopened its borders and refineries.
Ford’s rising EV sales contribute to bigger market share
The Ford Motor Company increased its share of the market in December 2022, after a strong month in truck and electric vehicle sales.
Bed Bath & Beyond delivers grim warning
Bed Bath & Beyond delivered a grim warning to shareholders and customers about its future.
Pennsylvania Walmart closes, then opens doors for public auction: 'A fun process'
Small businesses and the public took part in a Walmart closure auction in Pittsburgh this week. The sale included furniture, fire extinguishers, toilet paper and more.
Gemini co-founder says Genesis ‘engaging in bad faith stall tactics’
Gemini co-founder pens open letter to rival Genesis on Twitter asking for $900 million loan repayment.
Tesla stock extends drop in New Year, ‘becoming long-term hold’
Shares of Tesla are falling again in 2023 after a weak fourth quarter in deliveries.
S&P 500 wraps worst year since 2008
The S&P 500 is on target to post its worst annual performance since 2008, while energy sector posts record year
S&P energy sector’s record 2022 performance ‘built on downfall of others’
The S&P 500’s energy sector was boosted by rising oil prices as other sectors suffered amid inflation and weakened economy
Tech stock bounce part of ‘seasonal pattern’, investors pin hopes on January
Tech stocks like Meta, Apple, and Microsoft are lifting the Nasdaq 100 higher on Thursday after a jobs report spurred investors.
Southwest flight cancellations lead world, expert predicts 10% hit on revenue
Southwest Airlines is facing a federal investigation following a mass cancellation throughout the air carrier's flight schedule during Winter Storm Elliot.
How much does it cost to sponsor a college football bowl game?
The cost of sponsoring a college football bowl game varies widely between those occurring early in the bowl season and the New Year's Six games.
Oil prices are up, are refinery shutdowns to blame?
A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices
Trouble filling a job? Look at hiring someone with a criminal record, HR pro says
Human resource experts say more companies are open to hiring job applicants with criminal records and see the trend as one solution to the tight labor market.
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall Street
The Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
Disney will dump 'cash cow' ESPN and ABC in late 2023, Wells Fargo predicts
Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.
Guggenheim Partners CIO Scott Minerd dies suddenly at 63 after heart attack during workout
Guggenheim managing partner and global CIO Scott Minerd passed away unexpectedly Wednesday afternoon due to a heart attack during a routine workout.
Oil and energy prices are moving in opposite directions, what’s going on?
Crude oil prices are moving in the opposite direction of energy stocks over the last three months amid unique economic pressures
US stock recovery on Tuesday ‘hardly’ a sign of looming Santa Claus Rally
All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Wells Fargo will pay $3.7B for criminal mismanagement of loans
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers
Will a Santa Claus Rally come to Wall Street this year?
A Santa Claus Rally is in doubt after the U.S. Federal Reserve decided to raise interest rates and economic recession looms.