Canadian heavy oil plugs gap left by OPEC, Latam Canadian heavy oil plugs gap left by OPEC, Latam: Canada’s struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of […]
Oil hits two-month high on tighter U.S. market, Venezuela sanctions risk Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions against OPEC-member Venezuela. Brent crude futures were at $52.82 per barrel at 0443 GMT on Monday, up 30 cents […]
Dollar wallows on policy uncertainty, political woes Dollar wallows on policy uncertainty, political woes: The dollar struggled on Monday, wallowing near a 2-1/2-year low against the euro, weighed down by U.S. political uncertainty and uninspiring U.S. data that added to doubts about whether there will be another Federal Reserve rate […]
Asia stocks reverse losses on China’s solid purchasing managers’ indexes Asia stocks reverse losses on China’s solid purchasing managers’ indexes: Asian shares turned positive after solid Chinese data on Monday following a lackluster start, while the dollar edged up but remained capped by U.S. political uncertainty. MSCI’s broadest index of […]
Banks must face interest rate swap class action: U.S. judge Banks must face interest rate swap class action: U.S. judge: A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world’s biggest banks of conspiring to rig the $275 trillion market […]
U.S. economy speeds up in second quarter, wages continue to lag U.S. economy speeds up in second quarter, wages continue to lag: The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow […]
S&P 500 dented by earnings; Dow hits record high S&P 500 dented by earnings; Dow hits record high: The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials, […]
Chip stocks show signs of slowing with more earnings on tap Chip stocks show signs of slowing with more earnings on tap: High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may […]
Starbucks puts spotlight on China as U.S. growth cools Starbucks puts spotlight on China as U.S. growth cools: Starbucks Corp’s (SBUX.O) new chief executive said the world’s biggest coffee chain is making a long-term investment in China, amid worries that growth from its dominant U.S. market is cooling. Kevin Johnson, who […]
U.S. durable goods, trade data boost second-quarter growth estimate U.S. durable goods, trade data boost second-quarter growth estimate: Shipments of key U.S.-made capital goods increased in June for a fifth straight month, suggesting that business spending on equipment helped to boost economic growth in the second quarter. Signs that the […]
