It’s normal for US stockpiles of crude oil to increase this time of year, when energy companies start closing refineries for maintenance after the summer…
Markets
A collection of all our coverage on global financial markets.
Bernanke: I’m not really a Republican anymore
Ben Bernanke has publicly broken ranks with the Republican party. In one of the more revealing passages of his just-published book The Courage to Act,…
Mexico is learning how to play in the Big Oil leagues
Mexico is proving to be a quick study in opening up its oil industry. The country’s first oil-block auction in July was dismal, with only…
Ralph Lauren’s decision to step down as CEO just made him $6 million richer on paper
Though he’ll be staying on as chairman and creative director, Ralph Lauren’s decision to step down as CEO of his eponymous fashion company must have…
Here are Wall Street’s five worst trades this quarter
The third quarter of 2015 marked a significant sentiment shift, as investors suffered a crisis of faith in the economic themes that guided markets since…
Japan just joined the global market meltdown
The global financial slump that kicked into high gear last month has claimed its latest victim: Japan. The Nikkei 225 index moved into negative territory…
Volkswagen’s value destruct-o-meter: $55 billion and counting
Volkswagen’s emissions-cheating scandal rumbles on. It is readying a recall of up to 11 million cars. Public trust in the brand has collapsed. Its former…
Mining giant Glencore’s shares just got Volkswagen’d
Just as they had jitters about the fate about the European car market, European investors are fretting over the mining sector—and Glencore is the latest…
Volkswagen’s emissions scandal is pulling down platinum prices
Volkswagen’s diesel emissions scandal isn’t just hurting the automaker’s finances. Platinum prices saw their biggest price drop since June 2013, when precious metals fell victim…
Volkswagen’s scandal hits other European car stocks
On the day European stocks slid to their lowest level since last month’s global financial panic, carmakers were hit especially hard. Much of the attention…
Volkswagen admits that its cheating software is in 11 million cars worldwide
“We have totally screwed up.” That was the frank assessment of a Volkswagen executive in the US, coming clean about the German carmaker’s burgeoning emissions-cheating…
The euro zone just rode its weak currency to another record trade surplus
The euro zone is sending its products around the world at a rate never seen before. Its trade surplus hit a record €22.4 billion ($25.3…