Commodity/Financial Market News

Oil is Near $100. Shale Isn't Coming to the Rescue.

Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link

1 year ago

Fuel Prices Are Soaring: Who Is Feeling the Pinch?

Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link

1 year ago

Ukraine's Farmers Count the Cost of Grain Deal's Collapse

Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and…

1 year ago

Dick's Sporting Goods Blames Theft for Profit Woes

The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job…

1 year ago

The Panama Canal Has Become a Traffic Jam of the Seas

More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link

1 year ago

Beijing Is Caught in a Catch-22 as Economy, Currency Stumble

China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act.…

1 year ago

Rising Oil Prices Are Bad News for Drivers—and the Fed

America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.…

2 years ago

Why Bacon Might Get More Expensive

Wholesale pork-belly prices are surging as the state’s new animal-welfare measure takes effect. Source link

2 years ago

U.S. Steelmakers Are Still Expanding as Demand Slows

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link

2 years ago