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API's Sommers: Hormuz closure means pain at pump
American Petroleum Institute President and CEO Mike Sommers says a prolonged closure of the Strait of Hormuz would keep global oil prices elevated and drive continued pain at the pump for US consumers ...
OpenAI is nearing a deal to raise about $10 billion from venture investors, according to people familiar with the matter, bringing the total haul from its latest funding round to more than $120 ...
Data compiled by Bloomberg showed that bids and offers were being made in the inter-office market for some of the LME’s most popular contracts during the outage. There were no major moves in prices as ...
Even as war in the Middle East roiled markets this month, some investors are finding solace in Corporate America’s growth machine, which not only remains intact — but is showing signs of thriving.
Pernod Ricard SA and Brown-Forman Corp., the owner of Jack Daniel’s whiskey, are discussing a merger as the alcoholic drink companies look at ways to consolidate amid an industry downturn. The French ...
European car sales edged higher last month as consumers rotated to buying electric vehicles, taking advantage of new subsidy programs and picking from a growing range of affordable models. New-vehicle ...
A top aide to President Donald Trump said the Pentagon estimates the Iran war, now in its third week, would take between four and six weeks. Kevin Hassett, head of the White House’s National Economic ...
The cyberattack against Stryker Corp. has delayed surgeries for some patients, the company said Wednesday, adding to the fallout from the incident last week. The medical technology company said its ...
China, the world’s biggest crude importer, is close to tapping its vast commercial oil reserves as the Middle East war shows no signs of ending, according to FGE NexantECA. A drawdown in commercial ...
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