Wall Street drifted to a mixed close on Wednesday. The S&P 500 fell less than 0.1 percent, but held on to a gain for the week. The Dow Jones Industrial Average slipped 0.2 percent, while the Nasdaq composite rose 0.3 percent. General Mills had one of the larger drops after the maker of cereals and…
New Law Makes It Harder for Online Criminals to Sell Fake or Stolen Products
June 28, 2023
admin
Business & MarketsCompaniescongresscounterfeit productsCrime & Public Safetye-commerceeconomic policieseconomyINFORM Consumers ActMarketsMedia & Big TechPolicies & ImpactsPoliticsTechTech NewsUSUS News
0 Comment
A new federal law will make it harder for online criminals to sell fake or stolen products in the wake of shoplifting gangs selling products on e-commerce sites. The INFORM Consumers Act, which went into effect on June 27, is intended to limit the sales of stolen and counterfeit products online, said the Federal Trade…
Oil Prices Gain 2 Percent on Big Decline in US Crude Storage
June 28, 2023
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
NEW YORK—Oil prices rose about 2 percent on Wednesday as a bigger-than-expected drop in U.S. crude stockpiles offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures were up $1.31, or 1.8 percent, to $73.57 a barrel at 11:15 a.m. EDT (1515 GMT), while U.S. West Texas…
Texas Manufacturing Survey Falls for Fifth Straight Month
June 28, 2023
admin
Business & MarketsCompaniesDallas Fedeconomic policieseconomyinflationInvestmentMarketsRegional & State NewsRegional NewsState NewsTexasTexas manufacturingUSUS News
0 Comment
The Federal Reserve Bank of Dallas’s Texas Manufacturing Outlook survey for June fell for the fifth straight month. Texas manufacturing output growth plunged 3 percent, to -4.2 percent in June, indicating a slight contraction in output, according to the Dallas Fed survey, published on June 26. Survey officials asked 85 regional manufacturers a series of…
US Goods Trade Deficit Narrows; Retail Inventories Rise
WASHINGTON—The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. The hit from trade on gross domestic product was, however, likely to be offset by a rise in inventory investment, with the report…
How a Faith-Based Gold Company Is Changing the Way Americans Protect Their Retirement
When Genesis Gold Group was first conceived, co-founder Jonathan Rose knew two things were necessary in order to thrive in the extremely competitive precious metals industry. First, he knew they wouldn’t repeat the same deceptive marketing tactics “Big Gold” companies use to entice customers. Second, he knew they needed spiritual guidance if they were going…
Yen Under Pressure; Aussie Slips as Inflation Slows
SINGAPORE/LONDON—The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while the Aussie dollar dropped after data showed inflation eased in May. Market expectations that the Bank of Japan (BOJ) will keep interest rates ultra-low, while other central banks tighten monetary…
European Shares Climb, Yen Stumbles and Euro Shines
June 28, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SYDNEY—European shares climbed on Wednesday as surprisingly upbeat U.S. economic news eased global growth concerns, while the embattled yen hit a 15-year low against the euro and Japan hinted at intervention to prevent further losses. Treasury yields inched higher on the strength of U.S. data, combined with hawkish commentary emerging from Portugal at a gathering…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 27)
June 27, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for August delivery fell $1.67 to $67.70 a barrel Tuesday. Brent crude for August delivery fell $1.92 to $72.26 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.52 a gallon. July heating oil fell 4 cents to $2.40 a gallon. July natural gas fell 3 cents to $2.76 per…
How Major US Stock Indexes Fared June 27
Wall Street rallied after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 1.1 percent Tuesday, resuming its upward climb following a weeklong pullback after hitting its highest level in more than a year. The Dow and the Nasdaq also rose. Airlines helped to lead the way…
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`