LONDON—Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest since Russia invaded Ukraine. Brent crude futures were up 85 cents, or 0.92 percent, at $93.68 a barrel by 0931 GMT, having earlier hit their…
Oil Rises After Russia’s Putin Threatens to Halt Supply
September 7, 2022
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Stocks Fall on Rate Hike Bets, Yen Drops to 24-year Low
September 7, 2022
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LONDON—European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. U.S. Treasury yields jumped and the dollar received a boost by data on Tuesday which showed the U.S. services industry picked…
Stocks Drift Lower, Extending Losses Into 4th Straight Week
Stocks closed lower on Wall Street Tuesday, extending the market’s losses into a holiday-shortened week. The S&P 500 fell 0.4 percent after bouncing between a gain of 0.5 percent and a loss of 1 percent. The Dow Jones Industrial Average fell 0.6 percent and the Nasdaq lost 0.7 percent. The major indexes are coming off…
How Major US Stock Indexes Fared Tuesday Sept. 6, 2022
Stocks drifted lower on Wall Street, extending the market’s losses into a 4th straight week. The S&P 500 fell 0.4 percent Tuesday. Technology companies posted some of the biggest losses, pulling the Nasdaq composite down even more. The Dow Jones Industrial Average also fell. Markets are coming off of a three-week losing streak as investors…
Wall Street Opens Higher After Selloff
Wall Street’s main indexes opened higher on Tuesday as investors returned from the Labor Day weekend to pick up beaten-down stocks following a recent selloff. The Dow Jones Industrial Average rose 25.35 points, or 0.08 percent, at the open to 31,343.79. The S&P 500 opened higher by 6.63 points, or 0.17 percent, at 3,930.89, while…
Euro, Sterling Bounce on Energy Policy Hopes, Climb All Over Tumbling Yen
September 6, 2022
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SINGAPORE/LONDON—The euro and sterling were on Tuesday trying to recover from multi-year lows against the dollar hit the day before, as policy makers tried to get a grip on the energy crisis, though the rate sensitive Japanese yen slipped to a new 24 year-low. The pound and euro both gained over 0.6 percent with the…
Oil Slides as Demand Fears Return After OPEC-Led Rally
September 6, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+’s first output target cut since 2020. New COVID-19 lockdowns in China have added to worries that high inflation and rate hikes will hit demand. The European Central Bank is…
Global Stocks Rise as Europe Wrestles With Gas Shortages
September 6, 2022
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BEIJING—Global stock markets and Wall Street futures rose Tuesday as Liz Truss prepared to become British prime minister and Europe wrestled with uncertainty about Russian gas supplies. London and Frankfurt opened higher. Shanghai and Tokyo gained. Benchmark U.S. crude rose more than $2 per barrel. The euro edged higher against the dollar. European markets were…
Bed Bath & Beyond CFO Facing $1.2 Billion Stock Suit When He Fell to His Death From a Skyscraper
September 5, 2022
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The executive vice president and CFO of Bed Bath & Beyond (BBBY), who took his own life by jumping from a Tribeca skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. A group of shareholders claiming a loss of around $1.2 billion sued…
Bed Bath & Beyond CFO Had Been Facing $1.2 Billion Stock Suit Before Suicide
September 5, 2022
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Bed Bath & BeyondBusiness & MarketsCompaniesCrime and IncidentseconomyInvestmentlawsuitLocal NewsMarketsNew YorkNY NewsRegional-Local NewsstockstocksUSUS News
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The executive vice president and chief financial officer of Bed Bath & Beyond (BBBY) who died from an apparent suicide when he reportedly jumped from a New York skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. The New York City medical examiner’s office said CFO Gustavo…
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