The President of the United States is beginning to count on launching attacks on the devices on Tuesday Brent crude surges above $110 a barrel, stocks rally The 10-year JGB yield hit the highest since February 1999 relative to inflation. SINGAPORE, April 6 (Reuters) – Oil prices rose, bonds fell and stocks were mixed in … Read more
Jobless claims increase 178,000 in March Unemployment rate drops to 4.3% from 4.4% amid drop in participation rate The average work week shortens to 34.2 hours from 34.3 hours WASHINGTON, April 3 (Reuters) – U.S. job growth picked up sharply in March as a health care workers’ strike ended and temperatures rose, but labor market … Read more
Nonfarm payrolls are forecast to increase 60,000 in March Economists say it will take time for the oil price hike to affect the labor market The unemployment rate is expected to remain steady at 4.4% WASHINGTON, April 3 (Reuters) – U.S. job growth may have picked up in March as a health workers’ strike ended … Read more
ORLANDO, Florida, April 2 (Reuters) – US job growth is slowing to a halt. If this was tolerable to policymakers or acceptable to investors before the Iran war, it should not be now. The labor market has been struggling for some time, but this has been overshadowed by the unemployment rate, which has come down, … Read more
Comments: Oil prices rose after Trump’s speech, with Brent rising to $110 a barrel after briefly falling to $99 on Wednesday on hopes that he will soon make a deal with Iran. Stocks fell overnight in Asia and Europe, and opened higher in early trading in New York on Thursday. Stocks later rallied and ended … Read more
Written by Michael S. Derby April 2 (Reuters) – Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to increase production and protect consumers from higher gasoline prices in the near future. The price US producers say they need to see to start drilling is just shy of $70 … Read more
Weekly jobless claims fall 9,000 to 202,000 Continuing claims add 25,000 to 1.841 million The trade deficit widened by 4.9% to $57.3 billion in February WASHINGTON, April 2 (Reuters) – New claims for U.S. jobless benefits fell sharply last week to a record low, suggesting labor market conditions remained calm in March, even as economists … Read more
How worried are America’s rich about the possibility of being hit with higher taxes for Social Security? Most, according to the endless creativity of their proposals to improve the financial conditions of the program by cutting benefits instead of collecting money (usually from our very rich taxpayers). The latest action on this fence comes from … Read more
US jet fuel supplies are well short of the Hormuz supply gap The US is a major consumer of jet fuel and often requires imports Higher imports could raise US jet fuel prices NEW YORK, April 1 (Reuters) – President Donald Trump this week told countries that are struggling to get jet fuel because of … Read more
Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more