Could the end of the petrodollar be in sight? Moves by China to set up its own crude futures contract and invest in Saudi Arabian Oil Co., or Saudi Aramco, are leading some to think so. Beijing will compel the Saudis to trade oil in yuan, CNBC quoted High Frequency Economics founder Carl Weinberg as saying last week. Crude contracts ...

Now that US politicians know that Facebook is unable to stop malicious actors from using it to influence public opinion, the social network is doing its best to avoid tougher regulatory treatment. It shouldn’t be able to get off so easily, though: It must admit it’s really a media company and accept legal liability for the material it publishes. As ...

Bloomberg The dollar strengthened and Treasury yields rose after traders added to bets on higher US interest rates, while the S&P 500 Index climbed towards a fresh record. US equities were bolstered by IBM’s forecast for its first sales growth in five years and better-than-estimated earnings at Abbott Laboratories. Oil gained amid signs of declining US stockpiles. The Stoxx Europe ...