US Asks China to Reduce Buying Crude Oil From Iran - Report According to commodity analysts year-to-date Chinese oil imports from Iran have averaged 553,000 barrels per day through August. Sep 29, 2021By Reuters
Global Markets on Edge as China's Mammoth Property Firm Inches Closer to Collapse Evergrande is teetering between a messy meltdown, a managed collapse or the less likely prospect of a bailout by Beijing. Sep 22, 2021By Reuters
Wall Street Plunges as Investors Dump Stocks Ahead of Fed Policy Meeting All 11 major S&P 500 sectors were lower, with economically sensitive groups like energy down the most. Sep 21, 2021By Reuters
Warburg Pincus in Move to Raise $16 Billion for Flagship Global Equity Fund - Report Warburg Pincus, one of oldest private equity firms, has $64 billion in assets under management. Sep 17, 2021By Reuters
Infrastructure Bill, Slowing Inflation Growth Push Dow, S&P to Record Highs Dow Jones Industrial Average rose 221.22 points to 35,485.89, while the S&P 500 gained 11.11 points to 4,447.86. Aug 12, 2021By Reuters
Wall Street Weak Ahead: Wary Investors Brace for Fed to Unwind Easy Money Policy Investors will get additional insights into the pace of inflation with the release of the consumer price index reading and the producer price index this week. Aug 8, 2021By Reuters Coronavirus
US Stocks Zoom to Record Highs as Job Market, Corporate Earnings Improve Initial unemployment claims fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years. Aug 6, 2021By Reuters Coronavirus
Robinhood Shares Rise 50% to Mark Fourth Straight Day of Gains Wednesday marked the first day that investors could trade options on Robinhood shares, another way of betting on the stock. Aug 5, 2021By Reuters
Robinhood Valuation Hits $32 Billion as it Debuts on Wall Street The company founded by Stanford University roommates Vlad Tenev and Baiju Bhatt in 2013 is now worth some $32 billion. Jul 30, 2021By Jacob J
China's Tech Giants Tencent, Alibaba and Meituan Lose $237 Billion in Value in 48 Hours Pony Ma's Tencent lost about $170 billion in market value in July, marking the fastest evaporation of shareholder wealth in a month. Jul 29, 2021By Jacob J
Dow Jones Hits All-Time High as Megacap Tech Stocks Buoy Markets Vaccine maker Moderna was among the large corporations that made huge gains. Its shares jumped jumped 7.8 percent. Jul 24, 2021By Jacob J Coronavirus
Chinese Firm Revealed as Key Player in Trade of Sanctioned Oil From Iran and Venezuela The Hong Kong-registered firm, China Concord Petroleum Co, also known as CCPC, has quickly become an important partner for Caracas and Tehran. Jul 23, 2021By Reuters
Crude Price Spike Helps Halliburton Report 33% Jump in Second-Quarter Profits Global crude prices climbed 18.2% in the quarter ended June 30 and are up about 37% since the start of the year. Jul 21, 2021By Reuters
US Stocks Scale New Highs as Wall Street is Cheered By Robust Jobs Data The Labor Department's employment report showed nonfarm payrolls increased by 850,000 jobs last month. Jul 3, 2021By Reuters
Chevron Plans to Sell Oil and Gas Fields in Permian Basin Worth $1 Billion - Report Chevron is looking to sell lower-value assets, while some majors, like Royal Dutch Shell are considering exiting the formation entirely. Jul 1, 2021By Reuters