Oil major BP on Tuesday reported record annual profits, more than doubling last year’s total as fossil fuel prices soared following Russia’s full-scale invasion of Ukraine.The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $27.7 billion for…

Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank…

A copper master and his copper products at the Coppersmith Bazaar in Baghdad, Iraq on March 15, 2022.Murtadha Al-Sudani | Anadolu Agency | Getty ImagesA copper deficit is set to inundate global markets throughout 2023 — and one analyst predicts the shortfall could potentially extend…

Stocks finish Tuesday upThe three major indexes finished Tuesday in the green after bouncing around for much of the day as investors digested comments from Fed Chair Jerome Powell.The technology-heavy Nasdaq Composite led the way, adding 1.9%. The S&P 500 and Dow followed, gaining 1.3%…

U.S. House Speaker Kevin McCarthy (R-CA) holds a news conference in Statuary Hall at the U.S. Capitol in Washington, February 2, 2023.Jonathan Ernst | ReutersThe two highest-ranking Republican leaders in the House of Representatives are going to war with the U.S. Chamber of Commerce as…

(The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a video above at that time.)House Speaker Kevin McCarthy will deliver an address Monday on the debt ceiling. His speech comes a day before President Joe…