Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

Breaking Russia’s Ukrainian Grain Blockade

Servicemen from a combined sapper team of the International Mine Action Center under the Russian Armed Forces clear mines from the Mariupol Commercial Sea Port on May 23. Photo: Vladimir Gerdo / Zuma Press Vladimir Putin’s Ukraine war is spreading humanitarian and economic hardship far and wide, and on deck is a global food shortage. … Read more

EU Considers Insurance Ban for Ships Carrying Russian Oil

EU officials have proposed a ban on insuring ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline. … Read more

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’

As fans flock this weekend to Omaha, Neb. for Berkshire Hathaway’s annual shareholders meeting hosted by Chairman and CEO Warren Buffett, you may be wondering what all the fuss is about. The answer: unique mystique. Buffett and Berkshire BRK.A, -0.20% BRK.B, -0.32% are distinct in the corporate world for a combination of unusual practices and … Read more

Too Few Troops, Not Enough Supplies — Russia’s Eastern Offensive Could Be Doomed

An abandoned Russian howitzer in Ukraine. Ukrainian defense ministry photo As Russia’s wider war in Ukraine nears its second month, the Kremlin still hasn’t solved its fundamental military problems. The Russian army did not have enough infantry and supply trucks to win a three-front war in Ukraine’s south, east and north. Now it’s fighting on … Read more

Too Few Troops, Not Enough Supplies — Russia’s Eastern Offensive Could Be Doomed

An abandoned Russian howitzer in Ukraine. Ukrainian defense ministry photo As Russia’s wider war in Ukraine nears its second month, the Kremlin still hasn’t solved its fundamental military problems. The Russian army did not have enough infantry and supply trucks to win a three-front war in Ukraine’s south, east and north. Now it’s fighting on … Read more

Russian Oil Sales Jump, but It’s Harder to See Who’s Buying

Russia ramped up oil shipments to key customers in recent weeks, defying its pariah status in world energy markets. One increasingly popular method for delivery: tankers marked “destination unknown.” Oil exports from Russian ports bound for European Union member states, which historically have been the biggest buyers of Russian crude, have risen to an average … Read more

Russian Oil Flows, but Increasingly Under the Radar

Russia ramped up oil shipments to key customers in recent weeks, defying its pariah status in world energy markets. One increasingly popular method for delivery: tankers marked “destination unknown.” Oil exports from Russian ports bound for European Union member states, which historically have been the biggest buyers of Russian crude, have risen to an average … Read more