Market Archive

Rio Tinto charged with fraud by US authorities

British-Australian mining giant Rio Tinto and two of its former executives have been charged with fraud in the US, accused of hiding losses by inflating the value of African coal assets. It bought the Mozambique assets in 2011 for $3.7bn (£2.8bn) and sold them a few years later for $50m. The mining company has said

Men Are Finally Discovering That Diversity Is Good For Business

Women and people of color still hold few leadership positions at large American companies. Among the 500 highest-grossing firms, 6.4%have female CEOs. That’s up from 4.2% last year, but it means there are still only 32 female CEOs in the set. And not a single one of those women is African-American. Across S&P 500 companies, 21% of board members were

Will Trump Nuke Energy Markets?

President Trump’s administration shocked the utility world by proposing a rule late last month that would effectively socialize the costs of coal-fired and nuclear power plants in this country. Many of these plants are uneconomic or, at best, marginally economic right now because of low natural gas prices. They’re on the brink of closure. But

Coal Mine Canaries Keep Market Rally Alive

The stock market’s performance in September beat almost all expectations and October is off to a strong start with the S&P 500 showing a gain of 1.3% so far this month.  Since 1950 the S&P 500 has been up 41 years and down 26 with an average return of 0.76%. (Photo by Abid Katib/Getty Images)