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Personal Finance

6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage

Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees […]

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Markets

Apple Stock Has Broken Down. That’s Bad for the Market.

Textsize Apple’s flagship store in Beijing is closed to prevent the spread of Covid-19. Kevin Frayer/Getty Images Manzana stock is in a sorry state, trading now below a price that investors couldn’t resist before—a price that felt it higher in the past several months. This new price—roughly $142 a share on Thursday—is, of course, bad […]

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Economy

Russian gas: Europe is running out of time to find alternatives

Just 24 hours after Ukraine reduced the flow of natural gas across its territory into Europe, blaming interference by Russian troops, Gazprom suspended supplies through the Yamal-Europe pipeline running across Poland, and stopped sending gas to a distributor in Germany. While the volumes affected are small, in total accounting for just a few percent of […]

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Economy

Russian oil embargo won’t trigger supply shock, says IEA

The IEA, after warning on March 16 that 3 million barrels per day could be shut in from April, lowered that figure for a second time as it noted only 1 million barrels per day had gone offline. Production ramping up elsewhere and slower demand growth due to China’s forest lockdowns will a big deficit, […]

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Markets

Oil prices come under renewed pressure as market looks for direction

Oil prices traded lower on Thursday, reversing some of the previous day’s gains as the commodity market tries to find its footing amid a demand and supply tug of war. price-action West Texas Intermediate crude for June delivery CL00, -1.59% CLM22, -1.59% CL.1, -1.59% fell around $1.84, or 1.8%, to $103.78 a barrel. The contract […]

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Business

Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage

Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” JimWatson | AFP | Getty Images Tesla CEO Elon […]

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Economy

Why US gas prices are at a record and why they’ll stay high for a long time

Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already expected to breach the $4 a gallon mark for the first time since 2008, with or without shots fired in Eastern Europe or economic sanctions imposed on Russia. The good news […]

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Economy

Some Russian gas flows to Europe halted by Ukraine

Russian gas, a key source of energy for Germany and many other EU economies, had continued to flow uninterrupted through pipelines across Ukraine since President Vladimir Putin ordered troops to invade in February. But in a statement late Tuesday, the Ukrainian gas transmission system operator (GTSOU) said it had decided to suspend operations at a […]

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Business

VW is looking to bring back the Scout brand as an electric vehicle

This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday, the Wall Street Journal […]

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Artificial intelligence

Malbek enriches AI functionality and adds CLM Value Assessment Tool in recent update

Malbek, providers of an AI-fueled Contract Lifecycle Management (CLM) platform, is introducing availability expanded platform capabilities and a new CLM Value Assessment tool, putting the spotlight on real time Redline Recommendations. Using the platform’s proprietary Lifecycle AI running NLP Heuristics with Semantic Analysis, this functionality helps to identify all contracts with similar asks received from […]