Utilities Eye Mini Nuclear Reactors as Climate Concerns Grow

U.S. utilities are looking to miniature nuclear reactors, as they seek a steady energy source that can help reduce the carbon emissions linked to climate change. While power companies have stopped building big nuclear reactors because of cost overruns and construction delays,

News Corp to Buy OPIS for $1.15 Billion

News Corp has agreed to buy IHS Markit Ltd. ’s Oil Price Information Service, an energy and renewables information-services company, and related assets for $1.15 billion in cash, the latest addition to the company’s growing portfolio of publications catering to investors. The

A Popular Bet on Chinese Growth Is Falling Out of Favor

SYDNEY—China’s role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modeling suggests it should be. Australia has been a cornerstone supplier of commodities used by an industrializing China over

Record Lumber Prices Deliver Sawmills a Windfall

Sawmill owners raked in huge profits when lumber prices shot up this spring. Lumber prices, which had already broken records last summer, spiked during the spring quarter to more than twice their pre-pandemic high. Budgets were busted from apartment complexes down to

Pinterest Shares Fall as U.S. Monthly Average Users Decline

Pinterest reported Thursday second-quarter net income of $69.4 million, compared with a loss of $100.7 million a year earlier. Photo: Gabby Jones/Bloomberg News Shares of Pinterest Inc. PINS -6.01% fell more than 14% in after-hours trading, as the online sharing platform said

China Moves to Reassure Global Banks, Investors After Market Rout

China moved to ease investor concerns about crackdowns on listed companies, with a top regulator privately telling global financial firms that Beijing will consider the market impact before introducing future policies, people familiar with the matter said. Fang Xinghai, vice chairman of

Starbucks Sales Outpace Pre-Pandemic Levels

Starbucks Corp. said higher labor and supply costs are likely to linger for months, adding that it is promoting higher-end beverages such as cold coffee and could lift prices in areas to help compensate. The Seattle-based company’s outlook came as it reported

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