The U.K.’s next prime minister is worth more than the king. Kind of.
They’re both enormously wealthy, but King Charles III is going...
They’re both enormously wealthy, but King Charles III is going to be appointing as prime minister someone wealthier than him in Rishi Sunak.
Sunak is a former Goldman Sachs GS, +1.11% analyst and hedge-fund manager, but his wealth overwhelmingly comes from his wife, Akshata Murthy, who is the daughter of the Infosys founder N.R. Narayana Murthy. Her 0.93% stake in Infosys 500209, +0.55%INFY, +0.77%, at Friday’s closing price, was worth $710 million.
The king’s assets are less easily marked to market. Forbes puts his personal assets at around $500 million, and other reports say his personal worth is more like $600 million. The queen consort, Camilla, is worth a few million, as well, and has her own country house.
Benchmark U.S. crude oil for December delivery fell 47 cents to $84.58 a barrel Monday. Brent crude for December delivery fell 24 cents to $93.26 a barrel.
Wholesale gasoline for November delivery rose 7 cents to $2.73 a gallon. November heating oil rose 9 cents to $3.92 a gallon. November natural gas rose 24 cents to $5.20 per 1,000 cubic feet.
Stocks bounce, see highest close in over a month amid renewed hopes of a Fed pivot
U.S. stocks finished higher Monday, sending the Dow and S&P...
U.S. stocks finished higher Monday, sending the Dow and S&P 500 to their highest closes in more than a month, as investors assessed weaker-than-expected economic data and the possibility that the Federal Reserve might pull back on aggressive rate increases by year-end.
The Dow Jones Industrial Average DJIA, +1.34% finished up by 417.06 points, or 1.3%, at 31,499.62. That’s the highest closing value since Sept. 12.
The S&P 500 SPX, +1.19% ended up by 44.59 points, or 1.2%, at 3,797.34. That’s the highest closing value since Sept. 20. The index is up 6.2% from a nearly two-year low set on Oct. 12.
The Nasdaq Composite COMP, -7.32% finished up by 92.90 points, or 0.9%, at 10,952.61 after shaking off a morning decline.
The Dow rose 4.9% last week and the S&P 500 advanced almost 5% for their largest such gains since the week that ended June 24. The Nasdaq Composite gained 5.2% last week, its biggest rise since the week that ended July 29.
