Trading the oil spike: These stocks tend to closely follow crude’s moves
West Texas Intermediate futures are up more than 6% this week, after OPEC+ announced production would be cut by more than 1 million barrels per day.
Starbucks customers are complaining about stomach issues from new olive oil-infused coffee
One customer described the Oleato beverage line as a “legit laxative.”
Chip stocks posted their best quarter since 2020. What’s next for the sector and why the rally may fade
After chip stocks posted a breathtaking comeback in the first quarter, investors weigh in on what’s next for the sector
Australian regulator cancels Binance’s license at exchange’s own request
Facing a probe from the Australian Securities & Investments Commission, Binance asked the regulator to cancel its derivatives license.
Italy’s Berlusconi has leukaemia, is suffering from lung infection
Former Italian Prime Minister Silvio Berlusconi has been suffering from a type of chronic blood cancer for some time, according to his doctors.
Wind and solar power generators wait in yearslong lines to put clean electricity on the grid, then face huge interconnection fees they can’t afford
Interconnection applications and fees make it slow and expensive for clean energy providers to connect to the electrical grid.
March’s banking chaos gave short sellers their biggest profits since the financial crisis
Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares last month, according to data firm Ortex.
‘We’re not out of the woods’: Sweden’s sliding house prices could be only halfway to the bottom
Sweden has long had one of Europe’s hottest housing markets, but prices have tumbled, and are not set to recover for a long time, according to Danske Bank.
Sterling is the best performing G-10 currency this year, and strategists remain cautiously optimistic
The British pound is the best performing G-10 currency of 2023, and some strategists believe that the pound’s rally can continue over the medium term.
Shares of family-owned UAE exchange Al Ansari Financial Services surge in Dubai trading debut
Shares surged over 17% for the remittances and money exchange firm, which marks the first IPO for Dubai this year.
