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As banks pull back from energy lending, a variety of funds, including some of the world’s biggest, are rushing in to fill...
By: Bill Holland – S&P Global Market Intelligence – Designed with input from the financial and regulatory communities, the largest oil and...
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By: Michael Lynch – Forbes – Production of oil and gas from shale has been a modern marvel, and one that has...
By: Robert Tuttle – Bloomberg – Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after...
By: Jack Money – The Oklahoman – An oil and gas company claims in a lawsuit filed last week that a representative...
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U.S. stocks closed lower on Thursday as bond yields rose and investors waited to hear from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium on Friday.
The Dow Jones Industrial Average fell about 177 points, or 0.4%, closing near 40,713, according to preliminary data.
The S&P 500 shed about 50 points, or 0.9%, to close around 5,570, logging its worst daily decline since Aug. 5, when it tumbled 3%.
The Nasdaq Composite lost about 299 points, or 1.7%, closing near 17,619.
"Powell is expected to lay the groundwork for the Fed’s first rate cut in over four years," Adam Turnquist, chief technical strategist at LPL Financial, wrote in emailed comments Thursday. "Signs of reduced pricing pressures and cooling economic growth will likely be enough for policymakers to start reducing the target rate."
According to Dow Jones Market Data, the 10-year Treasury yield jumped 8.5 basis points to 3.862%, notching its biggest daily gain in a week.
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By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
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A small group of California Republicans has introduced several bills ahead of a special...
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