Category: Markets

Oil pull back ahead of U.S. inventory data

Global oil prices surrendered earlier gains in Asia on Wednesday, on deepening oversupply concerns after the U.S. energy department again raised oil production estimates. The Energy Information Administration on Tuesday said it expects American...

Toyota Says Sold Entire Holdings in Tesla in 2016

Toyota Motor Corp. has sold its stakes in Californian electric carmaker Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said Saturday. The sale marks the end of collaboration between the two companies for now,...

Hedge fund managers are in trouble

Long considered the titans of Wall Street, hedge fund managers have long thrived under a simple premise: They are smarter than the average investor and can produce bigger profits. That image of the slick,...

Here’s some bad news for oil in 2018

Major oil producers led by OPEC have greed to extend their crude output cuts through March of next year, but that could feed a glut of global supplies once the deal is done. The...