The White House says Americans should expect higher energy prices as a result of Russian President Vladimir Putin’s invasion of Ukraine and sanctions levied against Moscow. Asked Tuesday whether Americans “should expect higher gasoline prices,” White House press secretary Jen Psaki said, “Yeah, energy prices, exactly.” “That’s what we want the American public to be […]
U.S. consumer confidence fell to a five-month low month in February, with fewer consumers planning to purchase homes, automobiles and go on vacation over the next six months amid concerns about the short-term economic outlook. The survey from the Conference Board on Tuesday also showed consumers’ inflation expectations rising after moderating for two straight months. […]
Elon Musk is escalating his war of words with the Securities and Exchange Commission, accusing the agency of “leaking” information from a federal investigation in retaliation against him for his public criticisms. The accusation is contained in a new letter from Musk’s attorney Alex Spiro to US District Judge Alison Nathan, who oversaw the settlement […]
U.S. oil prices were nearing $100 per barrel Tuesday as stocks, in a choppy session, fell across the board on Tuesday as investors weighed President Biden’s sanctions against Russia following Vladimir Putin’s ordering of troops into separatist regions of eastern Ukraine. The Dow Jones Industrial Average closed down over 482 points, or 1.4%, erasing a […]
As telecommunications giants start ramping up their 5G service, AT&T will be the first to officially shut down its 3G network on Tuesday. FOX Business provides a roundup of everything you need to know about AT&T’s 3G sunset. Which devices will be affected by the 3G sunset? According to the Federal Communications Commission, the telecommunications industry’s […]
Australia’s biggest power producer AGL Energy Ltd on Monday rejected a surprise $3.54 billion takeover approach from billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management in favour of a plan to split in two this year. AGL said the A$7.50 apiece proposal from the Canadian group and Cannon-Brookes, Australia’s second-richest man and co-founder of software […]
LONDON — European markets closed lower on Monday as investors monitored the Russia-Ukraine situation and unexpectedly strong economic data from the euro zone and U.K. The pan-European Stoxx 600 index provisionally closed down 1.4%, having initially traded higher at the start of the session. Autos dropped 2.7% to lead losses as all sectors and major […]
It’s almost go-time for the biggest cruise ship ever built. Royal Caribbean’s massive, 18-deck-high Wonder of the Seas finally arrived in Florida on Sunday in advance of its first sailings with paying passengers in March. The ship initially will be based at Fort Lauderdale’s Port Everglades for sailings to the Caribbean before moving to the […]
The US is on course to become the globe’s largest exporter of liquefied natural gas (LNG) in 2022, UK-based energy major Shell said in its annual LNG Market Outlook. “LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The US led export growth with a year-on-year increase […]
SINGAPORE — Shares in Asia-Pacific were mixed on Monday, as investors continued to watch the situation surrounding Ukraine. Meanwhile, China left a benchmark lending rate unchanged. The Nikkei 225 in Japan fell 2% momentarily in morning trade before retracing some of those losses, eventually ending the trading day 0.78% lower at 26,910.87 while the Topix […]
MELBOURNE, Feb 21 (Reuters) – Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures and U.S. West Texas Intermediate (WTI) crude rose more than $1 a barrel at the start of […]
Warren Buffett’s Berkshire Hathaway has sold a combined $3.1 billion worth of shares in Visa and Mastercard and bought a $1 billion stake in Brazilian digital lender Nubank. In SEC filings, Berkshire Hathaway reveals that is has sold Visa shares worth $1.8 billion and Mastercard shares worth $1.3 billion. Meanwhile, legendary investor Buffett’s firm snapped […]
