Details of a sweeping oil agreement between the US and Venezuela became clearer this week after the White House released a fact sheet outlining terms that had remained largely confidential since President Trump first announced the deal on Friday. Under the arrangement, Venezuela's interim …
Russia's Defense Ministry said it is preparing “massive strikes” on Ukraine's energy infrastructure, days after launching a devastating attack on a warehouse near Kyiv, amplifying fears of another winter assault on the country's power grid. In a statement issued Sunday, the ministry framed the …
The current El Niño weather phenomenon is shaping up to be among the strongest in living memory, with ocean temperatures in the tropical Pacific at record highs following the event's onset in June, according to scientists monitoring satellite and ocean buoy data. The pattern, …
Soaring demand forNatural Gasamong energy majors and investors has pushed dealmaking to its highest level in more than a decade, with buyers competing over a limited number of availableAssetsglobally. More than $32 billion was spent buying gas production projects in the first half of …
Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience. Individuals and businesses that use Alpaca's brokerage infrastructure will now have access to Kalshi's event contracts using the same technology already utilized …
Before the US attacked Iran, Beijing spent years and tens of billions of dollars building the world's largest stockpile of oil. With the conflict now likely to persist, those reserves have given China substantial power over the global oil market and a critical defense …
Pharmaceutical stocks have had a record year so far, with drugmakers hitting fresh highs in August as investors sought to diversify away from AI-heavy technology stocks and positive clinical trial data boosted the broader sector. Shares in major drugmakers have significantly outperformed the market, …
The stock market has done just enough through slim trading volumes and narrow trading ranges to close out August with its uptrend intact. The S&P 500 remains within roughly half a percent of where it closed three weeks ago, having slouched in the two …
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system, cautioning that the technology's rapid advance could trigger a disorderly correction in markets. In a two-page letter published Monday to G20 finance ministers …
Digital asset firms have spent almost $640 million so far this year buying back their own tokens, turning to a strategy long used in equity markets in an effort to revive prices during a prolonged downturn in the crypto sector. The $638 million in …