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Oil Prices Don’t Need War in the Middle East to Keep Rising

October 9, 2023 / no comments

The escalating conflict comes against the backdrop of already tight oil market.

U.A.W. Workers at Mack Truck Go on Strike

October 9, 2023 / no comments

The strike at the truck manufacturer by 4,000 members of the United Automobile Workers comes in the middle of the union’s strikes at three large U.S. car companies.

China’s Golden Week Doesn’t Glitter

October 9, 2023 / no comments

Chinese tourism noticeably rebounded during the nation’s eight-day Golden Week holiday. But consumption—and more importantly housing sales—remained sluggish.

Vermont Utility Plans to End Outages by Giving Customers Batteries

October 9, 2023 / no comments

Green Mountain Power is asking state regulators to let it buy batteries it will install at customers’ homes, saying doing so will be cheaper than putting up more power lines.

Why the Israel-Hamas War Matters for Investors

October 9, 2023 / no comments

While market moves were initially muted, what should be a concern is the potential for the war to escalate.

Chevron Shuts Down Natural Gas Platform Near Gaza Strip

October 9, 2023 / no comments

The U.S. energy company temporarily closed operations at its Tamar natural gas field, which is about 12 miles from the Gaza Strip, at Israel’s request.

Evergrande Investors Warn of ‘Uncontrollable Collapse’

October 9, 2023 / no comments

Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said. 

The Rare Indicator That’s Still Optimistic About China’s Property Market

October 9, 2023 / no comments

Iron ore’s price has risen more than 20% since late May, outperforming metals such as copper and gold.

The Stunning Boom and Bust of a Tax-Refund King

October 9, 2023 / no comments

One of the biggest processors of a pandemic tax break has slashed staff and stopped marketing after an IRS crackdown.

Yellen May Face Questions in Morocco Over U.S. Dysfunction

October 9, 2023 / no comments

Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.

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