By Anthony HarrupU.S. crude oil inventories fell for a 10th consecutive week as exports remained high and refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.Commercial crude oil stocks excluding the Strategic Petroleum Reserve fe…
By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…
By Grace YoonSony Interactive Entertainment said it would discontinue its PlayStation physical disc production for all new games released on its consoles, effective January 2028.Following this date, new games will be available on PlayStation Store and at retailers in digital format only. The change…
By Jessica CoacciFactory activity continued to expand in the U.S. for the sixth consecutive month in June, according to a survey of manufacturing firms.The Institute for Supply Management's purchasing managers' index was 53.3 last month, 0.7 percentage point lower than in May. Still, readings above…
By Katherine HamiltonMeta Platforms shares rose on a report from Bloomberg that the technology company is building a cloud infrastructure business.The stock gained 9% to $613.65 on Wednesday morning. Shares are still down 7% this year.Bloomberg reported that Meta is developing plans for a business…
By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…
By Grace YoonSony Interactive Entertainment said it would discontinue its PlayStation physical disc production for all new games released on consoles, effective January 2028.Following this date, new games will be available on PlayStation Store and at retailers in digital format only. The change wil…
By Chris WackTalos Energy shares rose after the company's production subsidiary began an offering of $800 million second-priority senior secured notes due 2034.The stock was 6.6% higher at $13.76, and is up 25% so far this year.The energy company said it intends to use the proceeds from the offerin…
By Connor HartShares of Firefly Aerospace, Intuitive Machines and Voyager Technologies rose after NASA awarded new contracts to deliver equipment to the Moon, as the agency works to build a lunar outpost.Firefly Aerospace's stock gained 1.1% on Wednesday to $29.73. Shares of Intuitive Machines tick…
By Kirk MaltaisU.S. construction spending rose in May, but not by as much as expected by surveyed analysts, according to the latest report from the Census Bureau.In its monthly report published Wednesday, the agency said spending on building projects came in at a seasonally adjusted rate of $2.21 t…
The following are median forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal.Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jun…
By Patrick ThomasSyngenta Group chief executive and Illinois farmer Jeff Rowe plans to step down from the company's top job, and he'll be replaced by the operating chief and former head of its China business.Syngenta is headquartered in Switzerland and is a subsidiary of China National Chemical, a…
By Ed BallardU.S. stocks are slipping as investors scrutinize comments by Fed Chairman Kevin Warsh for clues about the path of interest rates.Warsh dodged questions about whether an interest-rate hike is in the cards at the next FOMC meeting during a panel discussion with the heads of the ECB, the…
By Katherine HamiltonTechnology infrastructure company Kyndryl is working with Microsoft to expand its sovereignty solution platform.Microsoft will contribute its sovereign cloud capabilities to Kyndryl's platform to help customers design, build and operate cloud architectures, the companies said W…
By Katherine HamiltonMicron Technology and General Motors signed an agreement to secure a supply of memory and storage platforms critical to GM's vehicle production.GM will secure supply of certain memory products, including LPDRAM, NOR and UFS NAND, to make sure it can keep producing vehicles with…
By Adria CalatayudGalderma Group failed to secure approval from the U.S. Food and Drug Administration for its latest antiwrinkle treatment, hitting a setback in its bid to launch a new rival to AbbVie's Botox.The Swiss skincare group said Wednesday that it was putting in place corrective and preven…
By Jessica CoacciHiring by private sector employers in June continued to grow slightly below expectations, human-resources company ADP said.Private companies added a net 98,000 jobs in June after adding 122,000 jobs in May, ADP said Wednesday morning. Economists polled by the Wall Street Journal ex…
By Katherine HamiltonAdeia filed a patent-infringement lawsuit against FuboTV, claiming the streaming platform infringed on four U.S. patents in the company's media intellectual property portfolio.Adeia, which patents technologies and licenses them to media companies, said Wednesday it is open to a…
By Katherine HamiltonCoca-Cola is becoming Marriott International's official beverage partner, ousting PepsiCo as the hotel chain's longstanding drink of choice.Marriott guests will start seeing Coca-Cola's brands across guestrooms, restaurants, lounges and events via a phased rollout starting Wedn…
By Katherine HamiltonTransocean signed an agreement with Equinor to use three of its harsh environment submersible rigs on the Norwegian shelf.The deal is worth more than $1 billion in contract backlog over seven rig years, excluding additional services, the offshore drilling company Transocean sai…