The DOJ and a handful of states are accusing the tech giant of ...
The DOJ and a handful of states are accusing the tech giant of abusing its market power through its tech that controls how the US digital ad industry operates. Google’s tangoed with antitrust enforcers before—the DOJ brought a different lawsuit against the company in 2020—but this suit is significant for several reasons: a) It’s the first time the Biden administration has launched a major challenge against a tech giant and b) the DOJ has rarely pushed for big companies to break themselves up in recent decades.
API Reports Another Large Build in Oil Inventories
U.S. crude stockpiles had another multi-million barrel build last week, trade group API said Tuesday, as refiners slowed down the output of fuel products amid an unseasonably warm winter.
U.S. crude inventories rose by 3.378M barrels during the week ended Jan. 20, the API said. In the previous week to Jan. 13 and Jan 6, the API reported back-to-back crude builds of 7.615M and 14.865M barrels.
Specifically for the Cushing, Oklahoma delivery point for U.S. crude,the API reported a stockpile build of 3.928M barrels, after the previous week’s rise of 3.7M barrels.
Growing concerns about a global economic slowdown led to a nearly 2% drop in crude oil prices Tuesday,...
Growing concerns about a global economic slowdown led to a nearly 2% drop in crude oil prices Tuesday, both in the U.S. and overseas. As a result, Oklahoma energy stocks were mixed with some losing up to 8% while others gained 7%.
The expected build in U.S. oil inventories, something noted last week in OK Energy Today’s update on crude oil storage at the Cushing hub in Oklahoma, resulted in a drop of $1.49 or 1.8% to $80.13 per barrel of West Texas Intermediate crude on the New York Mercantile Exchange.
Global benchmark Brent crude, traded on ICE Futures Europe, fell $2.06 or 2.3% per barrel to $86.13.
February natural gasfell 19 cents to $3.26 per 1,000 cubic feet.
Dow ends up 100 points, but S&P 500, Nasdaq finish in the red
U.S. stocks finished lower on Tuesday with only the Dow clinging...
U.S. stocks finished lower on Tuesday with only the Dow clinging to gains for the session as investors digested more earnings reports from major American firms.The S&P 500 SPX, -0.07% shed roughly 3 points, or 0.1%, to finish just shy of 4,017. The Nasdaq Composite COMP, -0.27% dropped by 30 points, or 0.3%, to roughly 11,334. The Dow Jones Industrial Average gained 104 points, or 0.3%, to finish at roughly 33,734. More earnings from major U.S. companies, including Microsoft Corp. MSFT, -0.22% are due out after the bell.
Millions of Pakistanis were without electricity or internet Monday for the second time in three months after an overnight cost-saving measure of planned temporary blackouts led to widespread outages. Power was said to be restored after 15 hours late Monday, making it one of the nation's longest outages.
