A move by the U.S. and its allies to release oil from their reserves should help counter the loss of Russia’s vast supplies after its invasion of Ukraine, and should help ease an energy crisis that has sent oil prices …
President Joe Biden was in corn state Iowa Tuesday to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as one way to possibly bring down prices at the pump. Such action will …
Actual panic about inflation seems to be spiraling upward. But investments that will try to protect us from the ravages of inflation seem to be getting cheaper. Weird, right? Only on Wall Street. But this is good news for retirees, who …
Executives from major oil companies defended themselves on Wednesday at a long U.S. House hearing on high gasoline prices, as Democratic lawmakers asked pointed questions. Democratic Rep. Diana DeGette of Colorado, who chairs the House Energy and Commerce Committee’s subcommittee …
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid record-high prices per gallon for the fuel. …
Now that you are taking another crack at retirement planning with the so-called SECURE Act 2.0, including the vexed issue of required minimum distributions from IRAs, could you do yourself—and everyone else—a big, big favor? Don’t extend the date for …
Oil prices declined Thursday, as traders absorbed reports that the U.S. is planning a hefty release of crude reserves, while the Organization of the Petroleum Exporting Countries and its allies stuck with a previously agreed plan to raise output in …
U.S. stocks climbed Tuesday afternoon, but were off session highs, buoyed by optimism over negotiations on a cease-fire in Ukraine while Russia was reported saying it would cut back operations near Ukraine’s capital. How are stock indexes performing? The Dow …
Gold futures fell sharply Monday as the U.S. dollar strengthened and investors eyed developments in the Russia-Ukraine war. “The war in Ukraine continues to provide a steady flow of flight to quality buying interest, but another layer of sanctions on …
BlackRock founder Larry Fink declared that the Russia-Ukraine war is bringing the era of globalization to an end, but investors should keep in mind that the global economy and the financial system can’t turn on a dime, analysts say. “There …
Gold futures edged lower Friday, but were on track for a weekly gain, as traders eye developments around the Russia-Ukraine war and an increasingly hawkish Federal Reserve. Gold for April delivery GC00, -0.35% GCJ22, -0.35% fell $7.40, or 0.4%, to …
“The magnitude of Russia’s actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.” That was Larry Fink, CEO of BlackRock BLK, in his annual letter …