The Big Number It’s that time again. The monthly jobs report, set for release at 8:30 a.m. tomorrow, is expected to show the labor market’s still kicking. Economists estimate the US added 200,000 jobs in July, about the same as in June, while the unemployment...
Oil prices rose slightly on Thursday after steep losses in the prior session, with a recovery in the dollar largely offsetting optimism over data showing a substantial drop in U.S. oil inventories over the past week. Increased risk aversion, after ratings agency Fitch...
Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders’ immediate...
The top U.S. utility lobby group intends to push back against the Biden administration’s proposals requiring upgrades to existing natural gas-fired power plants to curb climate-warming emissions, two sources familiar with the matter said. Resistance from the...
Crude oil prices rose Monday, on track for the biggest monthly gains in over a year on expectations of a further tightening in supply as well as U.S. growth optimism. By 09:05 ET (13.05 GMT), the U.S. crude futures traded 0.8% higher at $81.26 a barrel, while the...
In their weekly flow show note, BofA analysts said Friday that inflation hedges are back on. Analysts revealed that cash saw inflows in the past two weeks, with a $104.1 billion inflow to cash in the month to date. As a result, they said there has been “no...
