Business > Energy

Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says

The G7 is exploring plans to cap the price of Russian oil. iznashih/Getty Images Oil prices could surge to above $200 a barrel if the G7 decides to try to cap Russian prices...
Read more ...

Carnival Shares Plunge Nearly 15% As Morgan Stanley Warns Of Potential Stock Wipeout

10 hours ago | Forbes

Carnival's stock is down nearly 60% so far this year but could face more challenges ahead, analysts warn.
Read more ...

The West's futile folly: Why sanctions against Russia haven't worked in the past and they won't work in the future

10 hours ago | RT

Russians feel the impact of Western economic measures, but it's far from unbearable The Russian economy is currently experiencing unprecedented pressure from a group of...
Read more ...

I drove the $260,000 Lightyear 0, the 'world's first production-ready solar car' - here's what it was like

11 hours ago | Business Insider

The Lightyear 0. Lightyear/lightyear.one The Lightyear 0 is a solar-powered electric car made by the EV startup Lightyear. The car is set to go on sale by the end of the year...
Read more ...

Eurozone recession warning issued

13 hours ago | RT

The euro area's economy may contract later this year, Morgan Stanley economists predict The euro area will slip into a mild recession in the fourth quarter of this year amid...
Read more ...

Liquefied Natural Gas Comes to Europe's Rescue. But for How Long?

18 hours ago | NY Times

Chilled gas is a lifeline, but the fuel, largely from the United States, may set back climate ambitions and prove a costly, short-term solution.
Read more ...

G7 leaders pursue price cap on Russian oil, double down on natural gas, and say major polluters can join 'climate clubs'

1 day ago | Business Insider

President Joe Biden and German Chancellor Olaf Scholz before a meeting with other G7 leaders in Germany this week. The group sent mixed signals on climate action. Photo by...
Read more ...

Dow Plunges Nearly 500 Points, Recession Fears Resume As Consumer Confidence Hits New Low

1 day ago | Forbes

Despite a strong rally last week, stocks are tanking again as recession fears linger.
Read more ...

How Putin's invasion of Ukraine could drive advances in energy technology

1 day ago | Fortune

By invading Ukraine, Vladimir Putin is accelerating his own demise. He is doing more to end the world's reliance on oil than any other world leader.
Read more ...

Exxon Mobil CEO sees oil climbing further: 'They always say that the cure to high prices is high prices'

1 day ago | Business Insider

In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Richard Drew/AP Exxon Mobil's CEO...
Read more ...

MGM's ‘Wild Wild Quest' offers seat on private jet with Usher

The Grammy winner is part of the MGM Resorts promotion, a sort of scavenger hunt through nine Las Vegas properties, running now through July 11. Read more ...

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

COLOMBO, Sri Lanka - Chamila Nilanthi is tired of all the waiting. The 47-year-old mother of two spent three days lining up to get kerosene in the Sri Lankan town of Gampaha... Read more ...

Boston ARPA money on hold over Dorchester field house amendment as councilor...

The city's omnibus $350 million APRA package will wait at least two more weeks to pass after a fuming Councilor Frank Baker, who suggested that the mayor is “stuck up,” got his... Read more ...

Sony Pictures LatAm Adds Ex Telemundo Exec Francisco Rivera In Leadership...

The changes include a new co-leadership networks management structure and a newly created role for Rivera. Read more ...

Ukrainian and Syrian victims of Russian wartime attacks on hospitals should...

Residents carry their belongings near buildings destroyed in the course of Ukraine-Russia conflict, in the southern port city of Mariupol, Ukraine April 10, 2022... Read more ...

Disneyland employed a pro wrestler accused of sexual harassment

Former pro wrestler Joey Ryan, who has faced several accusations of sexual misconduct, worked briefly on the Jungle Cruise before he was dismissed. Read more ...

Joe Rogan says Florida Gov. Ron DeSantis would be a 'good president' and...

Florida Gov. Ron DeSantis told podcaster Joe Rogan not to apologize to the "mob." Rogan issued an apology amid a scandal over viral video, where he was heard saying the N-word... Read more ...

Gross Domestic Product , GDP by Industry, and Corporate Profits , First...

Real gross domestic product decreased at an annual rate of 1.6 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. The... Read more ...

Supreme Court schedules final day, will release EPA, and asylum seekers...

The Supreme Court has added yet another unscheduled opinion day, the fourth such addition, with two important cases left on their docket. After deciding Wednesday that Oklahoma... Read more ...

Airbnb Announces a Permanent Ban on Parties

The company temporarily restricted large gatherings at its properties in 2020. Now it says it is permanently prohibiting “disruptive parties and events,” including those... Read more ...