Russia’s Ryazan Oil Refinery on Fire After Drone Attack

Russia’s Ryazan Oil Refinery on Fire After Drone Attack

Fire erupted at Rosneft PJSC’s largest oil refinery after a drone strike, as Ukraine unleashed fresh attacks on Russia that President Vladimir Putin claimed were part of attempts to disrupt this week’s presidential election. “The Ryazan refinery was hit by a drone. The impact started a fire,” Ryazan regional Governor Pavel Malkov said Wednesday on … Read more

Stock Market Today: Dow, S&P Live Updates for March 12

Stock Market Today: Dow, S&P Live Updates for March 12

The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, the S&P 500 pushed decidedly higher. Notwithstanding the fact that the consumer price … Read more

A Fight Over Factor Investing Tests a Pillar of Modern Finance

A Fight Over Factor Investing Tests a Pillar of Modern Finance

In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article … Read more

Stock Market Today: Dow, S&P Live Updates for March 11

Stock Market Today: Dow, S&P Live Updates for March 11

Wall Street traders found little encouragement to keep pushing the stock market higher at the start of a week that will bring the last key inflation figures before the Federal Reserve decision. Equities retreated on Monday, with investors awaiting more clues on whether the recent uptick in consumer prices was just a blip or a … Read more

Tech Stock News Today: Apple Plans New Shanghai Store, Musk Promises Open Source AI

Tech Stock News Today: Apple Plans New Shanghai Store, Musk Promises Open Source AI

Apple has a China problem – we know that. The iPhone maker looks to be hoping that a greater retail presence in the country can help it out.  Apple is preparing to open its eighth store in Shanghai this month. The company announced on its website that it would open the site in Jing’an, a … Read more

European markets live updates: stocks, news, data

European markets live updates: stocks, news, data

Fri, Mar 8 2024 11:52 AM EST Europe stocks close mixed Europe’s Stoxx 600 index closed flat on Friday, as positive momentum from the prior session faltered. France’s CAC 40 eked out a 0.15% gain while Germany’s DAX and the U.K.’s FTSE 100 fell 0.16% and 0.43%, respectively. See Chart… Stoxx 600 index. Fri, Mar … Read more

Saudi Arabia Preparing New ‘Wave’ of Private Sports Investment

Saudi Arabia Preparing New ‘Wave’ of Private Sports Investment

Saudi Arabia expects a fresh injection of private capital into its local football clubs as it works to open up to investors. “We expect to have another wave of privatization coming up soon,” Vice Minister of Sport Bader Alkadi said at Bloomberg Power Players Jeddah, powered by Asharq. “That gives us opportunity to make the … Read more