Oil output from US shale regions forecast to rise by 100,000 barrels a day for 5th straight month

Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday. The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil...

David Einhorn is getting killed by his ‘bubble basket’ short bets against Tesla, Amazon

Billionaire hedge fund manager David Einhorn, who is known for his prescient short bets against stocks like Lehman Brothers, is not happy high-flying cult stocks are crushing the market this year.The investor told his clients he is “frustrated” with the...

Amazon is teaming up with its one-time enemy VMware to go beyond the cloud, says report

Amazon Web Services is thinking about building software for corporate data centers as part of its recently formed partnership with VMware, according to a report on Monday. The work could make it easier for companies to migrate applications between their data centers...