Industries

Energy

Saudi Arabia Gives Up Trying to Drive Oil Higher

Photo by Tom Fournier via Pexels

Saudi Arabia, the biggest and most influential member of OPEC, is abandoning its goal of driving the price of an oil barrel up to $100.

2 min read

Photo by Raph_PH via CC BY 2.0

Big Tech

TikTok is Ditching Music Streaming — But Spotify Can’t Relax

TikTok is calling it quits on a music streaming business that barely made it out the door, and only launched trials last year.

2 min read
Photo by Drew Dau via Unsplash

Autos

The Biden Administration’s War on Chinese Cars Just Got Bigger

The Biden administration is introducing a ban on both hardware and software for “connected vehicles” from China and, incidentally, Russia.

1 min read
Photo by Wim van’t Einde via Unsplash

Energy

Big Banks Promise to Back Nuclear Energy

A group of 14 large banks and other financial institutions announced that they’re going to up their support for the nuclear power industry.

1 min read

Industrials

Supply Chain Crisis Looms Amid Port Strike Threats

Photo by Kelly via Pexels

The International Longshoremen’s Association is set to strike if a new contract can’t be reached with the United States Maritime Alliance.

2 min read

Energy

BP Puts $2 Billion US Onshore Wind Business Up for Sale

Photo by Luca Bravo via Unsplash

On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.

2 min read

Consumer

Christie’s Adds Classic Car Auction House to Its Luxury Portfolio

Photo by Bryan S via CC BY-SA 2.0

Auction house Christie’s has agreed to buy Gooding and Company, a classic auto auction house, to expand its luxury offerings.

1 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.