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America’s Emerging Petro Economy Flips the Impact of Oil

America’s Emerging Petro Economy Flips the Impact of Oil

The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated.

Published 3 months ago

What to Watch in the Fed Minutes

What to Watch in the Fed Minutes

The Federal Reserve on Wednesday will offer more details on policy makers’ outlook for 2018 when it releases the minutes of their Jan. 30-31 meeting. Officials voted then to hold their benchmark federal-funds rate steady in a range between 1.25% and 1.5%. The minutes will be released at 2 p.m. EST.

Published 3 months ago

Florida, A Big Death-Penalty State, Weighs What to Do About School Shooting

Florida, A Big Death-Penalty State, Weighs What to Do About School Shooting

Defense lawyers seeking to spare Nikolas Cruz execution for last week’s school shooting, could face a high hurdle: Florida’s historic embrace of the death penalty, which has led to the second-largest death row in the U.S.

Published 3 months ago

After Decades of Growth, Colleges Find It’s Survival of the Fittest

After Decades of Growth, Colleges Find It’s Survival of the Fittest

For generations, a swelling population of college-age students, rising enrollment rates and generous student loans helped all schools, even mediocre ones, to flourish. Those days are ending.

Published 3 months ago

Airbnb’s Push Into ‘Experiences’ Has Been a Slog

Airbnb’s Push Into ‘Experiences’ Has Been a Slog

Airbnb Inc’s Experiences service, where travelers book outings with local experts, has been off to a sluggish start as the company hunts for new revenue sources beyond home rentals.

Published 3 months ago

Waking Up a Brand With a New Folgers in Your Cup

Waking Up a Brand With a New Folgers in Your Cup

Folgers is taking its biggest risk in decades with a new brand aimed at reviving the 167-year-old coffee giant, the latest food maker to try to win over younger consumers.

Published 3 months ago

A Child’s Deformity Caused By Medical Malpractice Extends MetLife’s Woes

A Child’s Deformity Caused By Medical Malpractice Extends MetLife’s Woes

A lawsuit related to medical malpractice is the latest example of an unexpected problem popping up at MetLife from decades-old business.

Published 3 months ago

The Rise of Bitcoin Factories: Mining for the Masses

The Rise of Bitcoin Factories: Mining for the Masses

The dramatic surge in bitcoin’s price is luring individuals and corporations to try their hand at mining cryptocurrencies, giving rise to firms offering services that make mining easier for the masses by providing ready infrastructure, security and electricity.

Published 3 months ago

Close Juncker aide Martin Selmayr named Brussels’ top civil servant

Close Juncker aide Martin Selmayr named Brussels’ top civil servant

Brexit critic and powerful backroom figure at European Commission wins influential post

Published 1 second ago

Team USA Falls in Hockey Shootout

Team USA Falls in Hockey Shootout

Lacking NHL players, the U.S. squad failed to advance after being unable to make any of its five shots in the shootout.

Published 3 months ago

Asia-Pacific Stocks Rise After Wall Street Snaps Winning Streak

Asia-Pacific Stocks Rise After Wall Street Snaps Winning Streak

Asia-Pacific stock markets were broadly higher Wednesday, following the first down day on Wall Street in seven sessions.

Published 4 months ago

Glencore issues bumper payout after 44% profit jump

Glencore issues bumper payout after 44% profit jump

Swiss miner and trader benefits from higher commodity prices

Published 1 second ago

Bridgewater’s $22bn European ‘big short’ bet divides the market

Bridgewater’s $22bn European ‘big short’ bet divides the market

World’s largest hedge fund targets blue-chip companies and Italian banks

Published 1 second ago

Italy’s Sofia Goggia Wins the Downhill; Lindsey Vonn Takes Bronze

Italy’s Sofia Goggia Wins the Downhill; Lindsey Vonn Takes Bronze

American Lindsey Vonn won a bronze medal in the downhill on Wednesday, sealing her comeback in her best event after missing the 2014 Olympics with an injury. Italy’s Sofia Goggia won gold.

Published 3 months ago