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PetroChina Company Limited News

What Exactly Does OPEC Do That Affects Oil Prices?

The Organization of the Petroleum Exporting Countries usually stays silent on oil fluctuations, but its market influence is deeply rooted.

Jeff Bezos Made $18.8 Billion, Mark Zuckerberg Lost $36 Billion Last Week

Amazon founder Jeff Bezos and Facebook (Meta) founder Mark Zuckerberg saw their fortunes go in opposite directions at the end of the week.

Crude Oil, Energy Rally Give Wall Street Fuel to Close at Records

Political unrest in the Middle East sends crude oil prices to their best gains in nearly a year and carries Wall Street to new records to begin the week.

Wall Street on Track for Records as Energy Overshadows Telecom Pressure

Wall Street is split to begin the week as a rally in crude oil boosts energy names while a failed deal among major telecoms hits the sector.

Energy and Chipmakers Lead Wall Street Above Record Closing Levels

A mega-deal offer from one of the largest chipmakers and gains in crude oil prices send Wall Street slightly higher to begin the week.

Breaking News

Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.