The Stock Market Is Charting a New Course. It Won’t Be Pleasant.

Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell/Getty Images The trend is your friend, or so they say. But right now, there is no trend you can trust. Consider the stock market this past holiday-shortened week. Through the first three days of … Read more

Improving the US-Saudi Relationship Is Key to Stabilizing Oil Markets

Text size An employee at the Khurais Processing Department in the Khurais oil field in Saudi Arabia. Maya Siddiqui/Bloomberg About the authors: David H.Rundell is the author of Vision or Mirage, Saudi Arabia at the Crossroads and a former chief of mission at the US in Riyadh. Ambassador Michael Gfoeller is a former political advisor … Read more

China Isn’t the Biggest Movie Market Anymore. Blame Pandemic Lockdowns.

Text size China has lost its top spot as the world’s largest moviegoing market. Here: people watch a movie in 2020 in China when cinemas reopened. STR/AFP via Getty Images After two years as the world’s largest moviegoing market, China has lost its top spot to North America, thanks to Covid restrictions in Shanghai, Beijing, … Read more

China Isn’t the Biggest Movie Market Anymore. Blame Pandemic Lockdowns.

Text size China has lost its top spot as the world’s largest moviegoing market. Here: people watch a movie in 2020 in China when cinemas reopened. STR/AFP via Getty Images After two years as the world’s largest moviegoing market, China has lost its top spot to North America, thanks to Covid restrictions in Shanghai, Beijing, … Read more

Energy Blackouts Are Likely to Hit the US This Summer Thanks to Deregulation

Text size In the 1990s, California then Texas began to break apart the vertically integrated utilities, writes Ed Hirs. Andrew Caballero-Reynolds/AFP via Getty Images About the author: Ed Hirs is an economics lecturer at the University of Houston. The forecast for summer is hot weather and possible blackouts in America’s deregulated electricity grids. That’s according … Read more

Stock Market Today: Dow Drops, Oil Prices Rise, Alibaba Jumps

Text size Wall Street returns from the Memorial Day holiday. Angela Weiss/AFP via Getty Images Stocks were falling on Tuesday, as oil prices gained after Europe placed more restrictions on Russian oil. Dow Jones Industrial Average futures have retreated 218 points, or 0.7%, while S&P500 futures have declined 0.7%. Nasdaq Composite futures were down 0.4%. … Read more