BP Chief Executive Bernard Looney has resigned due to what the company said were insufficient disclosures of past personal relationships with colleagues.
MarketWatch
IPO Report: Iconic sandal maker Birkenstock files for U.S. IPO
German sandal maker and in-again fashion icon Birkenstock has filed for an initial public offering, according to a filing late Tuesday.
The Tell: S&P 500 sector correlations are low, a welcome sign for 2023 bull market, says DataTrek
U.S. stocks remain in a strong bull market despite recent choppiness, as the correlations between 11 S&P 500 sectors and the major index are sending some positive signs, according to DataTrek Research.
Bond Report: 10-, 30-year Treasury yields end lower as traders look ahead to August CPI inflation data
10- and 30-year Treasury yields finish lower on Tuesday as traders prepare for August’s data on inflation and retail sales on Wednesday and Thursday for more clues on whether the Federal Reserve plans to deliver one more interest-rate increase later this year.
Market Snapshot: Stocks fall after Apple unveils iPhone 15, with U.S. inflation data looming
U.S. stocks were mostly lower early afternoon Tuesday, as Apple unveiled iPhone 15 at its annual marketing event. Investors were also looking ahead to the widely anticipated reading on August inflation from the consumer-price index on Wednesday.
: Apple unveils iPhone 15 lineup, increases base price on highest-end model for first time
Apple dropped the cheapest configuration of its Pro Max version in an effective price hike on that model.
Market Extra: U.S. stocks are facing a triple threat that could lead to more losses ahead
U.S. stocks are facing a triple threat from a stronger U.S. dollar, rising Treasury yields and higher oil prices that could further erode gains accrued by the main indexes since the start of 2023, analysts told MarketWatch.
Commodities Corner: Why wheat prices have fallen to their lowest since 2020 despite Russia-Ukraine grain deal’s lapse
Soft red winter wheat prices have fallen to their lowest since late 2020, on ample global supplies, despite the lapse of the Black Sea Grain Initiative, which was meant to keep global markets supplied with food in the wake of the Russia-Ukraine war.
: Child poverty in the U.S. more than doubled as pandemic help expired
The Census Bureau’s annual poverty report shows the real effects of government policies such as the enhanced child tax credit.
: Canopy Growth’s stock falls back from recent gains as cannabis stocks cool off
The optimism around a potential rescheduling of cannabis fades as 14 Republican members of Congress say pot should remain a Schedule I drug under federal law.