Russian troops reportedly began pulling out from Ukraine's southern port city of Kherson yesterday. Kherson was the only regional capital Moscow had seized since its invasion of Ukraine in February. The region provides access to the Black Sea, a vital passageway for incoming arms and exports (see map). Ukrainian officials say they are cautious of the news.
Russian forces withdrew to the eastern bank of the Dnipro River and are reportedly ceding all territory on the western bank. News of the withdrawal came after Russian state media reported a Moscow-installed official in Kherson died in a car crash.
Dow finishes down over 600 points as stocks end sharply lower
U.S. stocks closed sharply lower on Wednesday, with the Dow logging...
U.S. stocks closed sharply lower on Wednesday, with the Dow logging its biggest daily drop since Oct. 7, as the major indexes saw their worst post-election day performance since 2012,according to Dow Jones Market Data. The S&P 500 SPX, -2.08% finished down 79.54 points, or 2.1%, at 3,748.57. The Dow Jones Industrial Average DJIA, -1.95% closed 646.89 points, or 2%, lower at 32,513.94. The Nasdaq Composite COMP, -2.48% finished down 263.02 points, or 2.5%, at 10,353.17.
Oil prices end lower on rise in U.S. crude supplies, worries over Chinese demand
Oil futures ended lower on Wednesday, logging a third straight...
Oil futures ended lower on Wednesday, logging a third straight session decline, with prices pressured by a weekly climb in U.S. crude supplies and ongoing concerns over the impact of China’s zero COVID policy on that country’s demand for oil. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, -3.49% fell $3.08, or 3.5%, to settle at $85.83 a barrel on the New York Mercantile Exchange, the lowest front-month finish since Oct. 25, FactSet data show.
Occidental Petroleum Q3 Profit Surges from a Year Ago on High Oil Prices
Occidental Petroleum Corp. on Nov. 8 posted a four-fold increase in third-quarter profit from...
Occidental Petroleum Corp. on Nov. 8 posted a four-fold increase in third-quarter profit from a year earlier while receding from the previous quarter as energy prices eased from peaks.
Oil and gas producers such as Houston-based Occidental are benefiting this year from crude prices that have cooled down in recent months but are still hovering at their highest levels in years as sanctions on Russia and output cuts by OPEC+ fuel supply concerns.
Net income attributable to common stockholders was $2.55 billion, or $2.52 a share, in the third quarter. That is a four-fold increase from the $628 million, or 65 cents per share, from a year earlier, but a decrease from the $3.6 billion posted in the second quarter.
Brittney Griner, the American basketball star who’s imprisoned in Russia, has been moved to a penal...
Brittney Griner, the American basketball star who’s imprisoned in Russia, has been moved to a penal colony, according to her legal team.
Elon Musk sold nearly $4 billion of Tesla stock after his Twitter deal closed. He previously said he had finished selling his Tesla shares to fund a Twitter takeover.
Cornell University suspended frat parties and social events following allegations of drug-laced drinks and sexual assault at an off-campus location.
Anheuser-Busch became the first Fortune 500 company to buy a Major League Pickleball team.
