Financial News

When Europe’s Energy Crisis Spreads to America…

The Boston Blackout - This is a major energy crisis that could spread from Europe to New England this winter, and then across America. If this happens, it will wreak even more havoc on the ailing stock market...

Editorial Staff

Financial News

Energy stocks crushed the S&P 500 in 2022, and Wall Street loves the sector next year

Energy stocks have been this year’s biggest winners in a bleak year for equities. And Wall Street is betting the sector’s outperformance will persist in the new year. Even as the price of oil pulls back...

Editorial Staff

Financial News

PCE inflation, FedEx, Nike results lead into the holidays: What to know this week

The holiday season is underway, but a few key earnings and economic reports will deck the halls on Wall Street before markets shut down for a long Christmas weekend. In the days ahead...

Editorial Staff

Category - Financial News

Financial News

Biden Seeks to Boost Fuel Economy to Thwart Trump Rollback

The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment Thursday from the industry that electric vehicles comprise...

Editorial Staff

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Financial News

Worst-Case Scenario: Firms wrestle with supply bottlenecks

WASHINGTON (AP) — Toy maker Eric Poses created a card game last year he called The Worst-Case Scenario, a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never...

Editorial Staff

20 views

Financial News

BMW Reaps $5.7 Billion in Profit, Warns on Parts Shortages

BMW reported 4.8 billion euros ($5.7 billion) in net profit in the second quarter, rounding out a strong earnings season for Germany’s three big automakers as global auto markets continue to recover from the pandemic —...

Editorial Staff

7 views

Financial News

Global Stocks Rise Although China’s Manufacturing Slows

SINGAPORE (AP) — Global stocks started the week higher Monday, even as China reported a slowdown in manufacturing activity and countries continued to be hammered by the delta variant. Investors were spurred by...

Editorial Staff

26 views

Financial News Tech News

Bitcoin Price Over $41K After Longest Streak in 8 Years

Stiff price resistance is still seen in the low $40,000 range, but analysts are wondering aloud if the worst of the recent bear market might have passed. The bitcoin (BTC, -0.14%) price was holding above $41,000, the...

Editorial Staff

10 views

Financial News

US Stocks Slip but are Still on Track for 6th Monthly Gain

NEW YORK (AP) — U.S. stock indexes slipped on Friday, with much of the downward weight coming from a stumble for high-flying Amazon. The S&P 500 was down 0.4%, as of 3:07 p.m. Eastern time. But it’s still on pace to...

Editorial Staff

18 views

Financial News

Exxon Q2 Posts Profit $4.7B in Profit as Demand for Fuel

NEW YORK (AP) — Exxon Mobil swung back to a second-quarter profit and topped expectations as demand for fuel recovered from lows reached earlier in the pandemic. Exxon reported Friday that it earned $4.69 billion, or $1...

Editorial Staff

9 views

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