Oil prices are down sharply over the last year. Recall mid-June 2022: Tensions between Russia and Ukraine were high, commodities were on fire, and prices at the pump had soared to $5 per share. It was a great time, though, for oil & gas companies. While early 2022 was a…

The S&P 500 stock index approached its highest level in more than a year on Monday, with investors adding to a rally powered by shares of large tech companies. The blue-chip US equities measure was up 0.9 per cent, putting it on track to surpass a peak reached last August…

In October, tens of millions of borrowers will be required to pay their monthly federal student loan bills for the first time since March 2020, the Department of Education clarified Monday. The pandemic-related pause on both payments and interest accumulation has been set to end later this summer, though the…

Small-cap stocks snapped back with a vengeance in June after a May that was all about large-cap tech. It’s a sign investors are growing less worried about the big picture. The S&P SmallCap 600 index fell 2% in May, while the Nasdaq 100 surged nearly 8%. Then things flipped: In…

Hello! This week’s ETF wrap shines the light on electric vehicles, an industry that  BlackRock’s Jay Jacobs says has taken off but still has a way to go — the kind of “inflection point” the firm looks for in thematic investing opportunities.Please send feedback and tips to [email protected] or [email protected].…

““It’s time to admit that remote work doesn’t work.”” — -Venture Capitalist David Sacks Davis Sacks, venture capitalist and former PayPal Holdings Inc. PYPL, +0.59% executive, doesn’t think remote work is getting the job done. “It’s time to admit that Remote Work doesn’t work. WFH Friday is a 4 day work…

The numbers: The U.S. budget deficit quadrupled to $240 billion in May from a year earlier, fueled by higher government spending and fewer taxes collected. For the first eight months of the current fiscal year, the deficit totaled $1.16 trillion, compared with $1.38 trillion in the same period last year. Key…

Amedisys shares jump on unsolicited offer from Optum amid existing deal with Option Care Health Amedisys, Inc. (NASDAQ:) shares surged more than 15% today after the company disclosed that it has received an unsolicited proposal from Optum, a diversified health services company, to acquire all outstanding shares of Amedisys’ common…

By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of…

By Tetsushi Kajimoto TOKYO (Reuters) -Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat said on Tuesday after top financial authorities met in response to a weakening in the yen to a six-month low versus the dollar. “Currency rates should move stably…