Oil

Prepare for oil to rally as the Fed gets set to pause its rate hikes, JPMorgan says

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Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.
Fed Chairman Jerome Powell.

OLIVIER DOULIERY/AFP via Getty Images

Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.

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Russian President Vladimir Putin in Moscow, Russia on March 30, 2023.
Russian President Vladimir Putin.

Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine

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china president putin russia

Sergei Karpukhin/Reuters

Surging oil prices amid war in Ukraine helped push Exxon CEO's pay up more than 50% in 2022

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darren woods exxon mobil
Darren Woods

AP Photo/Richard Drew

Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking

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Vladimir Putin
Russian President Vladimir Putin delivers a speech before a ceremony celebrating Women's Day in Moscow on March 8, 2023.

Mikhail Metzel/Getty Images

Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power

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putin russia
Russian President Vladimir Putin gestures during a meeting with journalists after a live broadcast nationwide call-in in Moscow, Russia, April 14, 2016.

REUTERS/Maxim Shemetov

Russia's economy is becoming more 'primitive' and war could push it to the same fate as the Soviet Union, says economist targeted by Moscow

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Putin rides a train
Russian President Vladimir Putin rides a suburban train in Moscow, Russia, in November 2019.

Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)

Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+

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pumping gas

Getty/Justin Sullivan

The dollar's dominance on the world stage isn't going away. Here's why.

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Happy Friday eve, readers. I'm Phil Rosen. As a financial journalist, I'm always trying to distill complex ideas into plain language (for my own understanding as much as yours). 

As for Opening Bell, I've found it helpful to remember that the stock market operates as a zero-sum game.

Like poker or chess, one player's win means another player's loss. 

US stocks drop as traders digest jobs data that shows hiring slowed in March

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new york stock exchange traders bank run silicon valley bank

TIMOTHY A. CLARY / Getty

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