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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
Ford Cuts Price of EV F-150 Lightning Truck by Up to 17%
The move came after Tesla reported a surge in second-quarter deliveries that was helped by sharp price cuts and discounts. Source link
For Clues About Carvana's Future, Look to Its Past
Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Source link
Efforts to Rein In AI Tap Lesson From Social Media: Don't Wait Until It's Too Late
Activists and officials race to shape rules and public understanding of new artificial intelligence tools. Source link
There Is a Long-Term Danger Lurking in Financial Markets
The premium investors demand for holding longer-maturity assets remains very low. Markets could be in for a wallop if it returns to historical averages. Source
Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’
July 17, 2023 12:00 am ET Listen to article (2 minutes) Europeans are facing a new economic reality, one they haven’t experienced in decades. They
Russia Says It Is Pulling Out of Ukraine Grain Deal
The Kremlin said the deal had been “terminated” but that Russia would rejoin the agreement if its demands were met. Source link
Russia Seizes Assets of Two Western Conglomerates
Russia’s seizure of the local operations of Carlsberg and Danone, two of the world’s largest consumer-goods companies, escalates economic hostilities with the West. Source link
Can EVs and Solar Panels Save China's Economy?
China’s bet on hard tech like chips—and against property and internet tech—isn’t going well. But the story could be different a few years down the