General Motors on Tuesday reported a big jump in profits for the first three months of the year, based on the strength of its gasoline vehicle business, and raised its outlook for the rest of the year. The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, […]
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The markets are mercurial but their tone has thoroughly changed — from the sky-is-the-limit bullishness that dominated only a month ago to a mood of heightened uncertainty and measured self-restraint. Big shifts have taken place this month. Bonds have taken a beating but are becoming increasingly attractive. Stocks are no longer rocketing straight to the […]
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The Biden administration expanded federal protections across millions of acres of Alaskan wilderness on Friday, blocking oil, gas and mining operations in some of the most unspoiled land in the country. The Interior Department said it would deny a permit for an industrial road that the state of Alaska had wanted to build through the […]
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President Nicolás Maduro of Venezuela isn’t even pretending to play fair anymore. In October, he promised to take steps toward holding free elections, including allowing the opposition to pick a candidate in a primary process of its own choosing, with the lifting of some American sanctions as an incentive. But the ink was hardly dry […]
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An uneasy calm Investors are breathing a sigh of relief on Monday. Global stocks are in the green and oil prices have retreated from last week’s gains after Iran’s unprecedented drone and missile attack on Israel was mostly neutralized in the skies. But the calm could be short lived, as world leaders and markets focus […]
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The Biden administration raised the royalty rates that fossil fuel companies pay the government in order to drill and mine on public lands, the first time since 1920 that those fees have increased. And it raised by tenfold the size of bonds that companies must secure before they can drill, the first time they went […]
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The Biden administration on Friday made it more expensive for fossil fuel companies to pull oil, gas and coal from public lands, raising royalty rates for the first time in 100 years in a bid to end bargain basement fees enjoyed by one of the country’s most profitable industries. The government also increased more than […]
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Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December. It has jumped more […]
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Oil spike ripples through global markets The price of Brent crude rose again on Friday, at one point topping $91 a barrel. Growing tensions in the Middle East have pushed the global benchmark to levels last reached in October. That poses a potential problem for President Biden ahead of the election and raises new questions […]
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Renowned for ancient churches and the tomb of Dante, the 14th-century poet, the city of Ravenna and its environs along Italy’s Adriatic coast are also home to old-line industries like steel and fertilizer. The manufacturing plants are of little interest to the many tourists who help sustain the area’s economy, but these sites employ tens […]
Read More Renowned for ancient churches and the tomb of Dante, the 14th-century poet, the city of Ravenna and its environs along Italy’s Adriatic coast are also home to old-line industries like steel and fertilizer. The manufacturing plants are of little interest to the many tourists who help sustain the area’s economy, but these sites employ tens […]
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Infusing clouds with sulfur dioxide to block the sun. Vacuuming carbon dioxide out of thin air. Adding iron to the ocean to draw greenhouse gases down to the sea floor. As recently as a few years ago, technologies designed to change Earth’s atmosphere — what is broadly known as geoengineering — were considered too impractical, […]
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