U.S. crude oil stocks fell further last week, gasoline and distillates rose – EIA
U.S. stockpiles of crude oil fell last week for a second week in a row while inventories of fuel products…
U.S. stocks are rebounding as Treasury yields ease back
U.S. stocks were rebounding after the previous session’s weakness as Treasury yields eased back. At 9:55 ET (13:55 GMT), the…
Kia and Hyundai recall 3.37M cars in U.S. for fire risk
Korean automakers, Hyundai (KS:005380) and Kia (KS:000270) are recalling a combined 3.37 million vehicles in the United States due to…
Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group (NASDAQ:LCID) said on Wednesday it had opened its first international manufacturing plant in Saudi…
US investors want clarity on Biden’s vague curbs on China tech
(Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China…
Gold prices weaken, spot slips below $1,900 as rate hike fears persist
Gold prices fell below key levels on Wednesday, extending a recent slump as persistent fears of rising interest rates, following…
OpenAI considering share sale at a valuation between $80B and $90B – WSJ
OpenAI is reportedly in discussions with investors regarding a share sale that could value the company between $80 billion to…
MicroStrategy adds $147 million in Bitcoin as cryptocurrency shows resilience
MicroStrategy, the US-based business intelligence firm, has purchased an additional $147 million worth of Bitcoin, a move that comes amidst…
Russia’s yuan adoption may erode dollar dominance, EBRD suggests
In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the Chinese yuan could potentially undermine…
Consulting firm McKinsey to pay $230 million in latest US opioid settlements
(Reuters) – Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S.…