US Looks to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil

The Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron corp. CVX 0.57% to resume pumping oil there, paving the way for a potential reopening of US and European markets to oil exports from Venezuela, according to people familiar with the proposal. In exchange for the significant sanctions relief, … Read more

Financial advisers express caution on buying Twitter stock as Elon Musk finally goes ahead with his $44 billion offer and it’s time to give more legal and financial breaks to single people, law professor says

Hi MarketWatchers. Don’t miss these top stories. Fewer than 50% of US adults are now married. It’s time to give more legal and financial breaks to single people, law professor says. Fewer people are choosing to form traditional nuclear families. Read More Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods … Read more

He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.

A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom are still missing. Enter our call of the day, from the chief market technician at … Read more

Why the Oil Production Cuts Are Less Than Expected

Text size Major oil producers agreed to reduce their crude production levels starting next month. Joe Klamar/AFP/Getty Images Major oil producers meeting in Vienna Wednesday agreed to reduce their crude production levels by 2 million barrels a day starting next month, but that’s not a guarantee that prices will continue to climb. “The market wasn’t … Read more

10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts

The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines. And that means it’s time to take another look at stocks of US-listed energy companies that are favorably positioned to take advantage of higher prices. The cartel agreed on Wednesday … Read more

OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic

VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels of oil a day, delegates said, in a move likely to push up already-high global energy prices and help oil-exporting Russia pay for its war in Ukraine. The decision could undermine a plan by the Group … Read more

He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.

A Wall Street hat trick may not be on the cards, with stock futures in the red ahead of an OPEC meeting and more data. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom are still missing. Enter our call of the … Read more

Gold ties as dollar halts wear; markets await Fed clarity

A display of gold ornaments at a gold shop in Chinatown, Bangkok, Thailand, 10 March 2022. Anusak Laowil’s | Nurphoto | Getty Images Gold prices eased on Wednesday as the dollar somewhat stabilized from its drop in the previous session, although bullion held above the key $1,700-per-ounce level with investors eyeing more clarity on the … Read more

Why California is paying nearly 70% more for gasoline at the pump than the rest of the country

California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but an average price that’s nearly 70% more than most everyone else in the US is a bit extreme. The national average price for regular gasoline … Read more

Here’s a big tech name to put on your shopping list, and how to buy it even if the bear market is far from over

Amid hopes for a bear killing October, a mixed start is under way for Monday, with tech under some pressure. That’s as Tesla shares tumble in premarket after not-good-enough quarterly sales. Meanwhile, investors seem modestly impressed with efforts by the UK government to put out a market fire it started recently, while another crisis may … Read more