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Shale Industry Is Dropping Drilling Rigs, Fast
Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots. Source link
Stocks Rise for Week as Inflation Fears Calm
The S&P 500 edged lower for the day as bank earnings season kicked off, but finished the week with a broad-based 2.4% gain. Source link
What's Behind the Stock Market Rally (It's Not Just Big Tech)
Many companies are adding to the S&P 500’s rise after Microsoft, Apple, Nvidia and others led the charge this spring. The breadth signals stocks could
Chinese Oil Demand Doesn't Make Sense
China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast amounts of crude oil. Source
Saudi Arabia to Lose Top Spot in OPEC+
The kingdom is set to fall below Russia as the largest oil producer in the alliance as its production cuts begin to bite, tightening the
Regulators Take Another Crack at Shoring Up Money-Market Funds to Prevent Bailouts
The SEC is voting on new regulations as money funds’ holdings balloon this year. Source link
Major Stock Indexes Rise Despite Tech Declines
Investors are awaiting Wednesday’s inflation report. The yield on the 10-year Treasury note slipped to 4.006%. Source link
AT&T, Other Telecom Stocks Sink After WSJ Investigation on Toxic Lead Cables
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