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Daily Business Review

Oil Declines With Focus on Stronger Dollar and China Outlook

Crude eked out a small gain in 2022 in a year that was marked by huge volatility.
2 minute read

Daily Business Review

Blackstone's BREIT Gets $4 Billion California Injection

The University of California has a long-standing relationship with Blackstone, investing $2 billion in the private equity firm's funds for more than a decade.
3 minute read

Daily Business Review

Inflation Won't Stop Auto Sales Growth Amid Chip Recovery

Two years of semiconductor shortages and supply problems have kept vehicle production low and inventories lean.
5 minute read

Daily Business Review

Tesla Tumbles Most in S&P 500 After 3rd Straight Delivery Miss

Tesla increased deliveries by 40% to 1.31 million last year, shy of the 50% average annual growth rate the company has said it expects to achieve over multiple years.
4 minute read

Daily Business Review

Indonesia Will Export Less Palm Oil to Keep Supplies at Home

The government wants to ensure ample domestic supply during the Ramadan and Eid holidays in April as production will be seasonally weaker in the first quarter.
3 minute read

Daily Business Review

BOJ Buys Record Amount of Bonds to Defend Kuroda's New Target

The Bank of Japan's avalanche of bond buying follows a surge in yields since the central bank unexpectedly raised its ceiling for the benchmark 10-year note at its Dec. 20 meeting.
3 minute read

Daily Business Review

Russia to Export Large Diesel Amounts Before EU Sanctions

A forthcoming European Union ban on diesel imports from Russia has the potential to be even more disruptive than a prohibition on almost all seaborne crude purchases that started in early December.
2 minute read

Daily Business Review

Rogers, Shaw Soar After Courtroom Win for $14.8B Deal

Rogers, Canada's largest wireless company, agreed to buy Shaw to bulk up its home internet and cable television businesses and add key network infrastructure in Western Canada.
4 minute read

Daily Business Review

MicroStrategy Sells Bitcoin for First Time, But Remains Net Buyer

Bitcoin on Wednesday traded at around $16,650, having lost more than 60% for the year, a decline that puts it on pace for one of its worst annual stretches on record.
3 minute read

Daily Business Review

Florida Gas Prices Could Face Roller-Coaster Ride

The Boston-based GasBuddy predicted that pump prices will peak at an average of $4.25 to $4.65 a gallon in Miami, $4.15 to $4.55 in Orlando and $4.10 to $4.45 in Tampa.
3 minute read

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