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Oil Hedge Fund Giant Hammered in Crude’s Slide

Oil Hedge Fund Giant Hammered in Crude’s Slide

One of the last oil hedge funds standing has become a high-profile victim of the recent rout in crude prices. Pierre Andurand, who earlier this year predicted oil could soon hit $100 a barrel, suffered the largest-ever monthly loss of his flagship fund in October.

Published 4 weeks ago

The ‘Prosperity Bomb’ of an Amazonian Invasion

The ‘Prosperity Bomb’ of an Amazonian Invasion

If Seattle is a guide, Amazon’s arrival in New York and Virginia will be transformative, but will also bring headaches, what some Seattleites call the Amazon prosperity bomb.

Published 4 weeks ago

Oil Giants Start to Dominate U.S. Shale Boom

Oil Giants Start to Dominate U.S. Shale Boom

Smaller, nimbler companies pioneered the U.S. shale boom. But as American production scales up, those frackers are losing ground to Big Oil.

Published 4 weeks ago

Computer Flubs Left Vets Short of Housing Benefits

Computer Flubs Left Vets Short of Housing Benefits

A Department of Veterans Affairs computer system botched calculations for GI Bill benefits, leaving thousands of student veterans without full housing assistance, a senior VA official told Congress on Thursday.

Published 4 weeks ago

The ‘Prosperity Bomb’ of an Amazonian Invasion

The ‘Prosperity Bomb’ of an Amazonian Invasion

If Seattle is a guide, Amazon’s arrival in New York and Virginia will be transformative, but will also bring headaches, what some Seattleites call the Amazon prosperity bomb.

Published 4 weeks ago

California to Conduct Wide-Ranging Review of PG&E, Including Possible Breakup

California to Conduct Wide-Ranging Review of PG&E, Including Possible Breakup

A California regulator said late Thursday that it was expanding a probe of PG&E Corp.’s safety practices to explore the way the company is managed and run, including whether it should be broken up.

Published 4 weeks ago

China’s underused regional data centres stir overcapacity fears

China’s underused regional data centres stir overcapacity fears

Big city sites are oversubscribed while remoter storage facilities run at half-strength

Published 1 second ago

David Hockney painting sets new record for living artist

David Hockney painting sets new record for living artist

‘Portrait of an Artist (Pool with Two Figures)’ sells for $90.3m at Christie’s auction

Published 1 second ago

China’s artificial intelligence ambitions hit hurdles

China’s artificial intelligence ambitions hit hurdles

Investment drops as momentum fades

Published 1 second ago

U.S. Is Optimistic It Will Prosecute Assange

U.S. Is Optimistic It Will Prosecute Assange

The Justice Department is preparing to prosecute WikiLeaks founder Julian Assange and is increasingly optimistic it will be able to get him into a U.S. courtroom, according to people in Washington familiar with the matter.

Published 4 weeks ago

FDA Seeks Ban on Menthol Cigarettes

FDA Seeks Ban on Menthol Cigarettes

The FDA said it would seek a ban on menthol cigarettes. The tobacco industry says it may fight such a measure.

Published 1 month ago

Florida’s Tight Senate Senate Race Heads to Manual Recount

Florida’s Tight Senate Senate Race Heads to Manual Recount

Florida’s protracted Senate election proceeded Thursday to a manual recount, the next phase in an increasingly bitter and litigious fight, while Republicans declared victory anew in the race for governor.

Published 4 weeks ago

Facebook chief claims no knowledge of Soros smear campaign

Facebook chief claims no knowledge of Soros smear campaign

Social media group defends handling of Russian election interference

Published 1 second ago

Nvidia shares plunge as bitcoin boost fades

Nvidia shares plunge as bitcoin boost fades

Chipmaker blames weak revenue forecast on lower demand from cryptocurrency miners

Published 1 second ago

Walmart Posts Strong Sales Gains Ahead of Holidays

Walmart Posts Strong Sales Gains Ahead of Holidays

Walmart posted higher quarterly sales, continuing a run of solid growth as the world’s largest retailer taps into online shopping and a robust U.S. economy ahead of the busy holiday season.

Published 4 weeks ago