Alliance to unwind production cutbacks from the fourth quarter Demand concerns, signs of ample supplies add to declines Oil fell to the lowest in about four months after OPEC+’s plan to loosen its production curbs this year deepened the market’s bearish sentiment. The...

Job openings fell in April to their lowest level since February 2021 as the labor market shows further signs of cooling off from the hiring boom that followed the US economy reopening after the pandemic. New data from the Bureau of Labor Statistics released Tuesday...

Company is seeking ‘secure and reliable’ AI services Cisco has already invested in Mistral AI and Scale AI Cisco Systems Inc. plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services, part of a...

Strong wage growth risks slowing return of inflation to 2% Governing Council to lower rates by quarter-point on Thursday Strong economic data and vocal European Central Bank hawks are pushing some analysts and investors to waver in their expectations for interest-rate...

Developer is counting on a rebound in sales to end cash woes Chinese authorities have stepped up measures to support market China Vanke Co.’s sales slump moderated in May, as a thaw in housing market sentiment boosted the state-backed developer that’s become a focus...

Rise in pig prices doesn’t mean the pork cycle has turned Fewer smallholders has put industry on a better footing China’s hog farmers may have turned a corner after a surge in profits last month, but a sustained improvement in the industry’s fortunes could still prove...

Ten-year Treasury yield slips to the lowest in over a week Investors look to manufacturing, jobs data to price Fed cuts Treasuries rose, taking benchmark yields to the lowest levels in more than a week, after US manufacturing data reinforced bets the Federal...

Americans rely on credit, as disposable income declines Fed is hoping for a slowdown, not a breakdown in US economy The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand...

His net worth slides $11.7 billion amid high AI expectations Dell shares plunge the most on record after posting results Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors. Dell’s net...

Downward revision seen as signal that oil demand at risk Crude refining margins are weakening around the globe US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. Product supplied of distillate — the fuel...

Inflationary impact of big supply shocks has largely resolved ‘Last half mile’ to Fed’s target relies on persistent forces Inflation may not return to the US central bank’s 2% target until mid-2027, according to research from Federal Reserve Bank of Cleveland. That’s...

Brent futures fall for third day, poised for monthly drop Prompt timespread slips into bearish contango structure Oil fell for a third day as a key market gauge highlighted oversupply concerns before an OPEC+ supply meeting on Sunday. Brent crude for August was near...

Compound is closed to public and tucked inside headquarters Loss of institutional knowledge comes as company’s sales slow Nike Inc. has cut some staff from its secret sneaker archives as part of a multiyear cost-cutting plan, according to people familiar with the...