LONDON—The dollar held steady against most major currencies on Friday ahead of U.S. employment figures that could confirm rates are likely to stay higher for longer, but fell sharply against the yen, which got a boost from Japanese wage data. The U.S. nonfarm payrolls report is due later in the day and is expected to…
Oil Prices Set for 2nd Straight Weekly Gain After US Data
LONDON—Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting fears of higher U.S. interest rates. Brent crude futures were up 36 cents, or 0.5 percent, at $76.88 a barrel at 1114 GMT, while U.S. West Texas…
Stock Market Today: Asian Shares Fall as Strong US Data Dash Hopes for an End to Rate Hikes
July 7, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BANGKOK—Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again dashed by strong jobs data. U.S. futures fell and oil prices were higher. Investors were watching for updates from U.S. Treasury Secretary Janet Yellen’s visit to Beijing. Tokyo’s Nikkei 225 shed 0.6 percent to…
Stock Market Today: Wall Street Falls After Hot Jobs Data Raises Threat of High Rates
NEW YORK—Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 lost 35.23, or 0.8 percent, to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1 percent, to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8 percent, to 13,679.04. While a sturdy labor…
Americans’ Excess Savings From The Pandemic Are Now Depleted, Say Federal Reserve Economists
July 6, 2023
admin
Business & MarketsFederal Reservehousehold savingsinflationMarketspersonal financePolicies & ImpactsrecessionSocial Issuesstimulus cashUSUS News
0 Comment
A team of Federal Reserve economists found that the cash surplus accumulated by American households over the past few years since the start of the pandemic has now largely evaporated. The expenditure of household excess savings by U.S. consumers partially came from government pandemic stimulus checks, which caused the spur in economic growth over the…
Closing Prices for Crude Oil, Gold, and Other Commodities (July 6)
July 6, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for August delivery rose 1 cent to $71.80 a barrel Thursday. Brent crude for September delivery fell 13 cents to $76.52 a barrel. Wholesale gasoline for August delivery rose 2 cents $2.54 a gallon. August heating oil fell 1 cent to $2.48 a gallon. August natural gas fell 5 cents to…
How Major US Stock Indexes Fared July 6
Stocks closed lower after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 fell 0.8 percent Thursday. The Dow lost 366 points, or 1.1 percent, and the Nasdaq fell 0.8 percent. While a sturdy labor market keeps the economy out of a long-expected recession, it could also push the…
Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge
July 6, 2023
admin
Business & MarketsBYDChinaChina Business & EconomyChina NewsChinese RegimeCompanieseconomic policieseconomyelectric vehicleElon MuskInvestmentMarketsMedia & Big Techprice warSocialistSpecial TopicsTech CompetitionteslaWarren Buffett
0 Comment
Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…
Mark Levin Says Target Won’t Sell His Book Due to Concerns Liberal Customers May Get ‘Offended’
July 6, 2023
admin
Business & Marketscensoring booksCompaniesInvestmentMark LevinMarketsPoliticsSocial IssuesTarget CorpUSUS News
0 Comment
Conservative radio personality Mark Levin’s upcoming book has been banned from sale by Target as the mega retail chain was reportedly worried the book would offend Democrats. “Target has informed my publisher, Simon & Schuster, that it will not carry my new book when it is released on Sept. 19,” Mr. Levin said in a…
More Americans Apply for Jobless Benefits, but Layoffs Are Not Rising Significantly
July 6, 2023
admin
benefitsBusiness & Marketseconomic policieseconomyinflationjoblessMarketsrecessionunemploymentUSUS News
0 Comment
The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve’s attempt to cool the labor market by raising interest rates. U.S. applications for jobless claims rose by 12,000 to 248,000 for the week ending July 1, from 236,000 previous week, the Labor Department reported Thursday….
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`