Saudi Aramco Chief Executive Officer Amin Nasser said even though his company’s global oil consumption forecasts have been reduced over the past decade, it still has a more bullish outlook than many observers.
Clorox Co. says it’s experiencing product shortages nationwide across its categories following last month’s attack on its information-technology systems, and the company projects a “material” impact on its quarterly results.
Fifty cents on the dollar is a very low price in the world of bonds. In most cases, it signals that investors believe the seller of the debt is in such financial distress that it could default.
A loan shark who was freed from prison by Donald Trump in the last days of his presidency has been ordered to repay tens of millions of dollars to thousands of small businesses across the US.
Germany announced an additional €400 million ($428 million) in military support for Ukraine, although the package doesn’t include the bunker-busting Taurus cruise missiles the government in Kyiv has urgently requested.
In her first year atop the California Public Employees’ Retirement System as chief investment officer, Nicole Musicco gathered dozens of staff and laid out an ambitious vision for the largest US public pension fund.
Amazon.com Inc. is hiring Microsoft Corp.’s product chief to run the division responsible for the voice-activated Alexa assistant and Echo smart speakers, according to people familiar with the situation.
Ukraine moved to challenge unilateral grain-import bans imposed by three of its European Union neighbors and to weigh retaliatory measures as a dispute between wartime allies escalates.
While mortgage rates of more than 7% continue to pressure homebuilding stocks, the recent slump in the group’s performance is largely driven by normal seasonality, according to Citi.
Comedian Bill Maher will delay the return of his HBO talk show Real Time, becoming the latest celebrity to backtrack after protests from striking writers and actors.
