High Volatility Frustrates US Efforts to Refill Oil Reserves
One of the biggest roadblocks to refilling the US emergency oil reserve: Price volatility.
Bloomberg Business
The Year That Seared Europe Ends as 5th Warmest on Record
From droughts and fires to floods, storms and record-high temperatures, climate change made 2022 a year of extremes, says the EU’s Earth observation agency.
Bed Bath & Beyond Reports Wider Loss Than in Last Week’s Warning
Bed Bath & Beyond Inc. reported an even wider third-quarter loss than it had warned of just last week, as its struggles to keep shelves stocked deepened its ongoing crisis.
Sam Bankman-Fried Associate Nishad Singh Is Third to Meet With Prosecutors
Former FTX engineering chief Nishad Singh met with federal prosecutors in a bid to become the third member of Sam Bankman-Fried’s inner circle to seek a cooperation deal in the fraud case over the cryptocurrency exchange’s collapse.
GE Health Spinoff Reports $4.9 Billion in Quarterly Revenue
GE HealthCare Technologies Inc. said its fourth-quarter revenue was $4.9 billion in preliminary results released ahead of its presentation at the JPMorgan Healthcare Conference in San Francisco.
Jamie Dimon Says Fed May Need to Hike Interest Rates Beyond 5%
Jamie Dimon said the Federal Reserve’s rate hikes might need to go beyond what’s currently expected, but he’s in favor of a pause to see the full impact of last year’s increases.
Rescue Deal Proposed for Britishvolt Values Firm at Just £32 Million
UK battery startup Britishvolt Ltd. is in talks to be rescued for £32 million ($39 million), 95% less than its valuation just last year.
Finance Meme Account Litquidity Expands Into Wall Street Recruitment
Litquidity, the digital media company closely followed by Wall Street’s junior bankers, is expanding into their recruitment.
Russia’s Budget Gap Surges to Record as War Hits Finances
Russia’s federal budget deficit widened to a record in December as revenues plunged amid restrictions on oil exports and spending on the invasion of Ukraine grew.
G-7 Eyes Two Prices Caps for Russian Refined Petroleum Products
Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those that trade at higher prices than crude, as well as those that sell at a discount, according to an official.
