Hurricane Beryl puts focus on oil with climate change likely to intensify storms
Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on...
Open Text to cut 1,200 jobs as part of cost-saving plan
Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at...
JPMorgan’s top strategist Marko Kolanovic is leaving after missing stocks’ historic rally
Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the...
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign...
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
Nvidia client Northern Data’s stock cools after spike on report of possible U.S. IPO
Shares of Germany’s Northern Data fell 8% on Wednesday, one day after a surge on a report it may list its cloud computing and data...
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.