Oil prices caught between a $70 summer and growing surplus fears
(Bloomberg) — Oil traders are grappling with a tension — there’s a growing chorus of warnings about the…
Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data
(Bloomberg) — Federal Reserve Chair Jerome Powell and his colleagues will step into the central bank’s board room…
Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
(Bloomberg) — It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it’s just…
Southwest Falls on $1 Billion Profit Cut From Tariff Fallout
(Bloomberg) — Southwest Airlines Co. plunged after the carrier said it expects economic turmoil to wipe out as…
US Treasuries Fall for Second Day as New Jobless Claims Fall
(Bloomberg) — Treasuries slipped for a second day after new jobless claims fell for a sixth week, suggesting…
Stocks Set for Record as Alphabet Stokes AI Hopes: Markets Wrap
(Bloomberg) — Stocks rose toward all-time highs as Alphabet Inc.’s results showed solid demand for artificial intelligence, bolstering…
AI Boom Leads to Record Costs on US Grid and Call for New Plants
(Bloomberg) — Businesses and households served by the largest US power grid will spend a record $16.1 billion…
ECB Won’t Flinch Yet in the Shadow of Trump’s Trade War
(Bloomberg) — The European Central Bank is likely to stare down the economic danger posed by US President…
After Stock Market’s Torrid Run, Earnings Misses Face Punishment
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate…
Sarepta Refused FDA’s Request to Halt Elevidys Shipments
(Bloomberg) — Sarepta Therapeutics Inc. has refused to pause all shipments of its Elevidys treatment after three deaths…