Isabella Simonetti
Posts
U.S. retail sales stall as gasoline prices decline.
Sales of other goods rose more than expected in July, with food, building materials, electronics and other goods posting gains.
Oil prices fall on signs that China’s economy is sputtering.
A set of weak economic data and unexpected interest rate cuts in China led to a sharp sell-off, driven by concerns over sluggish demand in...
Gas Prices in the U.S. Fall Below $4 a Gallon
After peaking in mid-June, they have tracked a global decline in oil prices and are back where they were in March.
Falling gas prices have been easing pressure on inflation.
The average price at the pump has fallen for 57 consecutive days.
U.S. Oil Prices Fall Below $90 a Barrel for the First Time Since February
The drop, from $120 a barrel just two months ago, could be a sign that investors are worried about a global recession.
BP Triples Profit, Earning $8.5 Billion Windfall
The company’s $8.5 billion profit beat expectations, rounding out a series of bumper reports by the biggest Western oil companies.
Opendoor to Pay $62 Million to Settle Claims of Deceptive Marketing
The Federal Trade Commission accused Opendoor of deceiving customers into offering their properties to the online platform for less than they would have made on...
Oil Company Buybacks Surge Along With Record Profits
Some of the companies’ enormous earnings have been reinvested in expanding operations, but a lot of money has also gone toward share buybacks, which primarily...
Exxon and Chevron Report Record Profits on High Oil Prices
The energy industry’s windfall has followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine, and a global economy rebounding from the coronavirus...
Shopify Is Laying Off 10 Percent of Staff
The e-commerce platform made the “wrong” bet on the continued boom in online shopping, the chief executive said in a memo to employees.