IEA Warns of Increased Risk to Oil Markets Amid Israel Conflict
The energy watchdog raised its demand forecast for this year to a record as OPEC supply remains constrained.Read More
Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX
Testifying in Sam Bankman-Fried’s fraud trial, his top deputy says she was terrified by the implosion of the crypto exchange after months of deception.Read More
Stocks Clinch Four-Day Winning Streak
Long-term Treasury yields continued to ease.Read More
Goldman Sachs Finalizes Deal to Offload Specialty Lender at Steep Loss
The sale of GreenSky to a group of investors marks a critical step in the Wall Street bank’s retreat from consumer lending.Read More
Birkenstock Shares Fall in Stock-Market Debut
Birkenstock shares declined on their first trading day, a potential blow to an IPO market that was just showing signs of recovery.Read More
A Gilded Age is Fading for Luxury Brands
The latest results from Louis Vuitton owner LVMH show that luxury shoppers are sobering up after years of heavy spending.Read More
China’s Country Garden Wilts
The troubles of China’s largest private property developer still standing won’t be enough to spark a broader Chinese debt crisis but it could undermine Beijing’s attempts to put a floor under the housing market.Read More
Muni Funds That Use Borrowed Money Take a Big Hit
Closed-end municipal-bond funds are suffering from rising interest rates.Read More
Profits Are Making a Comeback
The third-quarter earnings season is likely to be much better than the second quarter’s for U.S. public companies.Read More
High UAW Wages Shrink Detroit’s Room to Maneuver
Expensive labor leaves General Motors and Ford overdependent on American demand for big vehicles.Read More
