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Oil Industry
Oil industry consultant: ‘Can’t drill our way out of’ Russian oil ban Andy Lipow, President of Lipow Oil Associates, shares what phasing out Russian crude oil sales in the European Union and OPEC+ means for global gas demand.Example
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JPMorgan Stars Take Other Side of Dimon’s ‘Hurricane’ Trade
As chairman and chief executive officer of JPMorgan Chase & Co., Jamie Dimon is perhaps the most powerful person in the banking industry anywhere in the world. So when he says — like he did on June 1 — that investors should brace for an economic “hurricane,” it’s worth taking the warning both literally and seriously. Such advice, however,…
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Apple, JPMorgan Turn to Pay Now Grow Later
Consumer payments-focused startups Klarna Bank AB, Afterpay Ltd. and Affirm Holdings have a had a good run at changing how people shop and growing rapidly until recently. Now, much bigger players look like they’re gearing up to streamroll the little guys. Apple Inc. launched an installment-payments feature Monday among a string of product updates. It’s a prime example, along…
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Stocks Rise Second Day, Recoup Last Week’s Losses: Markets Wrap
US stocks rose for a second day, climbing to session highs in the last hour of trading amid a broad-based rally. Treasuries pared gains and the dollar slipped. Back-to-back gains in the S&P 500 clawed back all of last week’s losses. The tech-heavy Nasdaq 100 advanced with megacaps Apple Inc. and Microsoft Corp. offsetting declines…