MARKETS
Brutal stock selloff is a multitude of bear cases coming true
It’s axiomatic in markets: you never see it coming. But this selloff is an argument that sometimes you do. People have been saying for months that inflation would surge, forcing the Federal Reserve into action
BUSINESS
Tesla sues engineer over ‘Dojo’ supercomputer technology theft
Tesla is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and using it to create autonomous driving software
BUSINESS
Cheering for environment-friendly LED Bulbs? Read This Cautionary Tale First.
Today’s earth-friendly retreat from incandescent lighting comes with a historical warning label involving corporate collusion, planned obsolescence and a cartel named Phoebus
ENVIRONMENT
Methane is a big climate problem that Bitcoin can help solve
The digital currency consumes a lot of electricity, but one startup is showing how its unique properties can help transition the world to cleaner energy
TECHNOLOGY
China's tech companies get a temporary reprieve, not a pardon
Greater clarity and the promise of growth are positive signs, but the shadow of the crackdown lingers
ENVIRONMENT
India's heatwaves are testing the limits of human survival
Each summer in India is a fresh roll of the dice on whether a freak event will occur that leads to a vast number of deaths
SCIENCE
You won't ruin a kid's growth mindset by saying 'good job'
Praising children’s effort, not their outcome or ability, has become a parenting rule. It’s a sign of data-driven advice going too far
ECONOMY
What will the Federal Reserve do at its meeting this week?
The central bank must make progress on four critical issues to regain credibility and stabilize the economy
ECONOMY
US dollar's hideous strength threatens global growth
The US currency’s rapid rise will make it harder for other countries to curb inflation
BUSINESS
Big oil’s windfall creates a quandary for the industry: Liam Denning
Six of the largest Western oil producers — BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Shell Plc and TotalEnergies SE — are expected to generate free cash flow, after capital expenditure, of $163 billion this year. That is virtually double what they made in 2008, when oil prices hit their all-time peak of almost $150 a barrel, and they actually produced slightly more oil and gas.Their smaller competitors in the U.S. exploration and production business are also in for a big year.
BUSINESS
The SEC can justify its ‘Gag Rule’ but won’t enforce it: Noah Feldman
The SEC investigated, concluded otherwise and charged Musk with civil securities fraud. His deal with the agency, following its standard policy, committed him not to “[deny] directly or indirectly, any allegation in the complaint or [create] the impression that the complaint is without factual basis.”
WORLD
Europe’s hypocritical gas policy isn’t sustainable
For the 2022-23 winter, the European Union has set itself a target of filling its underground gas storage to 80 percent of capacity by October. That may be possible, but only at a huge political – and moral – cost: The EU will have to continue buying as much Russian gas as it does now, paying Vladimir Putin about $200 million per day, or about $36 billion for the next six months.
BUSINESS
Consumer stocks start to believe the US Fed is serious
The Federal Reserve is fighting the worst US inflation in 40 years, and its assault on rising consumer prices is probably going to get messy.
BUSINESS
Russia’s war draws governments into energy markets
Releasing millions of barrels of reserve oil and pushing energy companies to drill are only the beginning
BUSINESS
Elon Musk’s Twitter investment could be bad news for free speech
The Tesla founder’s decision suggests that he wants to bring the social media platform to heel.
BUSINESS
Oil extends drop below $100 as US plans huge reserves release
West Texas Intermediate futures dropped 0.8% in early trading Friday, and are down almost 13% for the week.
BUSINESS
How Chelsea’s next owners might profit from football
Making more of Chelsea’s off-field commercial potential may make sense for the club’s buyers
BUSINESS
Yield curve is often right but for the wrong reasons
An inversion often comes before a recession, but other economic factors are at play
POLITICS
Shane Warne’s most lasting legacy may be as much in the boardroom as on the field
Shane Warne was so much more than a celebrity cricketer
BUSINESS
How will oil markets cope without China’s demand?
Were China to make good on its threats to invade Taiwan, it could face not just the economic embargo that Russia is struggling with — it could be cut off from supplies of the energy it needs to power its war machine and the wider economy
TRENDS
To boost, or not to boost, that is the complicated question
Weighing the disruption of mild COVID-19 on everyday life is important — though data are sparse on how well a fourth dose might lower the risk of mild infections
BUSINESS
Apple rallies like it’s 2003 as buyers flock back to big tech
Apple rose for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached in early January. The longest-winning streak since 2003 sent the stock back into the green for the year, and follows similar breakouts in Nvidia Corp. and Amazon.com Inc. in the past week.
BUSINESS
Winner’s curse? Why Shanghai’s gentle COVID-19-zero policy failed
While Beijing is known for imposing draconian 21-day quarantines on whole districts to deal with outbreaks, Shanghai took a more gentle and targeted approach
BUSINESS
India’s EV battery race is led by a newbie scooter maker
India is at the cusp of an EV revolution. It won’t start in cars but in the scooters and motorbikes that are usually the first vehicles owned by a middle-class family
