Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
Category: Stocks and Bonds
Battle Over Electric Vehicles Is Central to Auto Strike
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
The Stock Market Hopes Arm’s IPO Is a Hit
Arm, the British chip designer owned by SoftBank, will provide clues as to whether the I.P.O. market may revive after a very quiet year.
China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
China’s Property Crisis: Why It’s So Hard for Beijing to Fix
Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.
How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire
The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up more than 19 percent this year, but some still warn that the future may not be as rosy as that implies.
Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.