U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum Reserve and as refiners reduced activity. Crude inventories increased by 10.2 million barrels in the week ended Dec. 9 to 424.1 million barrels, compared with analysts’ expectations in a Reuters…
After getting crushed in 2022, could shares bounce back next year? Tesla (TSLA -6.27%) shares have been hammered this year. The stock is down more than 50% year to date. Investors seem worried about the company’s potential to continue growing sales so rapidly during a tough macroeconomic environment. While it’s impossible to know which way…
United Airlines will be flying into the next decade with wind behind more Boeing wings. The carrier has placed an order for 100 of Boeing’s top-of-the-line 787 Dreamliners with options to purchase 100 more. In a press release, United described the purchase as “the largest widebody order by a U.S. carrier in commercial aviation history”…
Gold prices fell on Monday as the U.S. dollar firmed ahead of key inflation data, with investors awaiting the Federal Reserve policy meeting for more clues about its rate-hike stance. Spot gold slipped 0.4% to $1,788.69 per ounce, as of 0714 GMT. U.S. gold futures were down 0.6% at $1,799.10. The dollar index rose 0.3%….
Toyota stops sales and production for this auto in the U.S. market. Toyota is known for a lot of different things, mainly automobiles, but the company also makes sewing machines, forklifts, robotics, boats and even houses. Of course, the main line of business Toyota handles is automobiles. While being a true leader in the automobile…
Disney’s ad tier officially launched Thursday as the media giant looks to curb accelerating streaming losses. “We expect Disney to generate anywhere from about $500 million to even up to $1 billion dollars in ad-supported revenue on the Disney+ product in their first year of operation,” told Geetha Rangathan, analyst at Bloomberg Intelligence. Rangathan said…
GameStop Chairman Ryan Cohen and CEO Matt Furlong promised to turn the gaming retailer into one of operational excellence and amazing store experiences while cashing in on new opportunities like crypto and NFTs. More than a year into their collective and rather secretive leadership, the entire experiment is beginning to look like an utter failure…
Warner Bros. Discovery’s (WBD) HBO Max — home to popular shows like “The White Lotus” and “Mare of Easttown” — is back on Amazon Prime Video Channels (AMZN). On a Tuesday, the two companies announced Prime customers can once again sign up for HBO Max for $14.99 per month, the same price available through other…
Cryptocurrency exchanges are setting up systems to verify certain assets and liabilities intended to reassure investors and customers in the wake of FTX’s collapse last month, but these measures give limited insight into the companies’ finances. Several crypto exchanges, including Binance Holdings Ltd. and Crypto.com, in recent months have hired outside auditors to provide a…
A joint venture between General Motors and South Korean battery company LG Energy Solution announced Friday that it will invest an additional $275 million to expand a Tennessee battery cell factory for electric vehicles. Officials with the companies had already pledged to spend $2.3 billion to build a battery plant in Spring Hill, Tennessee. The…