Oil prices are surging — these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more

Ford Sells 8 Million Rivian Shares. It Still Holds 94M Shares in the EV Startup.

Text size Ford sold about 8% of its stake in electric vehicle startup Rivian. Courtesy Rivian Ford Motor sold 8 million Rivian Automotive shares after the initial public offering lockup expired on Monday. Knowing a sale has happened might provide some relief for weary Rivian (ticker: RIVN) investors, who have been worried about the potential … Read more

AIG Boosts Profit as Catastrophe Losses Narrow, Premiums Are Increased

Global insurance conglomerate American International Group Inc. AIG 0.80% posted strong gains in first-quarter profit, benefiting from reduced catastrophe losses, growth in new business and premium-rate increases. Another of the biggest publicly traded insurances, Prudential Financial Inc., PRU 1.22% swing to a $31 million net loss for the quarter from a year-earlier $2.83 billion net … Read more

Amazon, Yelp among companies that will cover abortion travel costs for employees

After several states including Texas and Oklahoma passed restrictive abortion laws, some companies, among them Amazon, Citigroup and Yelp, have told employees that they will cover their travel costs for abortion access. And in light of the leaked draft opinion revealing the Supreme Court intends to overturn Roe v. Wade, the landmark case that legalized … Read more

Alphabet Earnings Show Slowing Sales Growth on Digital-Ad Tumult

Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending. The company said first-quarter sales rose 23% from the year-ago period, the lowest rate for the tech giant since late 2020. In the interim, the company saw a period of massive sales growth, as small and large … Read more

Zoom Fatigue Boosts the Recovery in Corporate Flying—for Now

Corporate travel is finally back in business. That doesn’t definitely mean it will end up as big as before the pandemic. The Omicron variant of Covid-19 made a low season much worse. On Thursday, American Airlines AAL 5.49% said it lost $1.6 billion in the first quarter, similar to the $1.4 billion loss reported late … Read more

A Reckoning in Consumer Spending May Not Be Just Around the Corner

Text size San Francisco, California. Justin Sullivan/Getty Images Many retail stocks are in a slump this year, on concerns that Americans may be spending less freely. Yet the reckoning may not be as imminent as some fear—which is good and bad news. Retail won big during the pandemic: Americans were eager to spend their stimulus … Read more

Alphabet’s Wing to Launch Drone Delivery to Dallas-Fort Worth Area

Wing is launching a drone-delivery service in the Dallas-Fort Worth area Thursday in what will be the Alphabet Inc. subsidiary’s largest US rollout and its first drone initiative operated by a customer. Walgreens Boots Alliance Inc., Wing’s largest customer in the US, will stage deliveries from a store parking lot in the town of Little … Read more

Two Cruise Lines to Buy and One to Sell, According to One Analyst

Text size Royal Caribbean Cruise ship Sebastien Salom-Gomis/AFP via Getty Images Cruise lines are trading down along with the overall market on Wednesday, but Carnival is seeing deeper losses than peers Royal Caribbean Group and Norwegian Cruise Line Holdings following a doubt take on the former from Wells Fargo —at least for now. Analyst Daniel … Read more

Gas Prices Upend Small Business—’It’s Keeping Me Awake’

Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 … Read more