SlavkoSereda/iStock via Getty Images Crude oil futures rose Wednesday after a larger than expected decline in U.S. inventories, in thin trading ahead of the U.S. Independence Day holiday. The U.S. Energy Information Administration’s weekly report showed across-the-board draws in crude and refined product inventories, with crude stocks falling by anContinue Reading
monsitj/iStock via Getty Images Gold futures rallied Wednesday to the highest in nearly a month, as the dollar slumped on renewed hopes for a September interest rate cut by the Federal Reserve following U.S. data suggesting a softening labor market. The U.S. reported first-time applications for unemployment benefits increased lastContinue Reading
Smederevac The Association of American Railroads [AAR] reported on Wednesday that for the week ending June 29, 2024, U.S. rail traffic was 491,899 carloads and intermodal units, up 3.9% year-over-year. Total carloads for the week rose 1.1% to 224,775 carloads, while U.S. weekly intermodal volume was 267,124 containers and trailers,Continue Reading
Dividend net changes for U.S. domestic common stocks rose $16.05B in Q2, as compared to a $16.03B increase in the prior quarter, according to the data from S&P Dow Jones Indices. The increase was primarily driven by the initiation of Alphabet’s (GOOGL) (GOOG) first ever dividend. The Google-owner had declaredContinue Reading
May Factory Orders: -0.5% to $583.1B vs. +0.2% consensus and +0.4% in April (revised down from +0.7%). Factory orders excluding transportation also fell –0.7%, compared with the 0.3% consensus and the 0.5% rise in the prior month, which was revised from +0.7%. Unfilled orders, up forty-six consecutive months, increased $3.1BContinue Reading
PhonlamaiPhoto/iStock via Getty Images Nippon Steel (OTCPK:NISTF) (OTCPK:NPSCY) said Wednesday that Vice Chairman Takahiro Mori plans to return to the U.S. next week to discuss its proposed acquisition of US Steel (NYSE:X). The planned visit by Mori, the Japanese company’s key negotiator for the deal, follows trips to the U.S.Continue Reading
artoleshko Debt levels are a big worry, with both presidential candidates adding trillions to the national deficit during their first terms in office. It’s a problem because measures like tax increases and spending cuts are not popular with voters who only consider four years at a time, while it canContinue Reading
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 9.16M barrels of oil in U.S. commercial stockpiles for the week ending June 28. Gasoline inventories reportedly show a build of 2.47M barrels for the week, distillate inventories show a draw of 740K barrels, and stockpiles atContinue Reading
Justin Sullivan/Getty Images News Robinhood Markets (NASDAQ:HOOD) is looking to offer cryptocurrency futures in the U.S. and Europe this year, a Bloomberg report stated, citing people familiar with the firm. “We have no imminent plans to launch these offerings,” a spokesperson of the firm said. The company is looking toContinue Reading
Kevin Dietsch/Getty Images News U.S. Federal Reserve chair Jerome Powell at a European Central Bank (ECB) event on Tuesday said that the latest readings on American consumer prices were showing signs of resuming a disinflation path. The policy discussion is taking place at the Forum on Central Banking in Sintra,Continue Reading
