Kevin Granville

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Markets Gain After Trump Says He Has No Plans to Oust Fed Chief

Remarks by President Trump and his Treasury secretary fueled a rebound in global stocks, extending a surge that started on Wall Street.

Gold Price Sets Another Record as Trump’s Tariffs Unnerve Markets

President Trump’s tariffs and his attacks on the Federal Reserve continue to unnerve the markets, pushing investors away from the dollar and toward havens like…

Markets Slump on Persistent Concern That Tariffs Will Hurt Growth

Trump’s tariffs continued to jar investors on Monday as stocks in Asia mostly fell and the U.S. dollar weakened.

BYD, a Chinese Electric Car Giant, to Build a Plant in Hungary

The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers.

U.K. Economy Grows Weakly

A small acceleration in the second quarter was better than analysts had expected.

Saudi Aramco Reports $30 Billion in Profit for Latest Quarter

It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.

Richard Branson’s Virgin Orbit Files for Bankruptcy

The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.

Who are Douglas Diamond and Philip Dybvig, Winners of the Nobel in Economics?

The economists, who won this year’s Nobel Memorial Prize in economics, have spent their careers studying how things can go wrong with banks.

Saudi Aramco’s Profit Jumps 90 Percent on High Oil Prices

The giant oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude…

SAS Cancels Many Flights After Bankruptcy Filing, Pilot Strike

The carrier’s woes are part of a summer full of problems for Europe’s travel industry, including staffing shortages and walkouts by fed-up employees.