LONDON—Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5 percent, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude…
Stock Market Today: Global Stocks, Wall Street Futures Rise on Hopes for US Debt Deal
BEIJING—Global stock markets and Wall Street futures rose Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt. London and Paris opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices edged lower. “Markets are now fully pricing an in-time resolution of the crisis,” said Clifford Bennett…
Russia Agrees to Extend Ukraine Grain Deal in a Boost for Global Food Security
May 17, 2023
admin
Business & MarketseconomyEuropeGold and CommoditiesgrainInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
0 Comment
ANKARA, Turkey—Russia agreed to a two-month extension of a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger, Turkish President Recep Tayyip Erdogan announced Wednesday, a boost to global food security after the war drove up prices. Turkey and the U.N. brokered the breakthrough…
Stock Market Today: Wall Street Rises With Hopes US May Avoid Default
NEW YORK—Wall Street rallied Wednesday on hopes the U.S. government can avoid a potentially disastrous default on its debt. The S&P 500 climbed 1.2 percent, with much of the gain coming after President Joe Biden said he’s confident “America will not default.” The Dow Jones Industrial Average rose 408 points, or 1.2 percent, while the…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 17)
May 17, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for June delivery rose $1.97 to $72.83 a barrel Wednesday. Brent crude for July delivery rose $2.05 to $76.96 a barrel. Wholesale gasoline for June delivery rose 9 cents $2.57 a gallon. June heating oil rose 6 cents to $2.42 a gallon. June natural gas fell 1 cent to $2.37 per…
Retail Sales Come in Below Expectations After 2 Months of Declines
U.S. retail sales rose slightly in April but fell below expectations after two months of declines. Retail sales are primarily goods and are not adjusted for inflation, while changes in the category are widely followed as an indicator of consumer spending. Last month’s overall retail sales rose 0.4 percent last month at $686.1 billion, instead…
Cryptocurrency Trading Should Be Regulated as Gambling, Says UK Treasury Committee
A UK government committee has suggested cryptocurrencies pose risk for consumers, serve no social purpose, consume large amounts of energy, and are used by criminals for fraud, and as such should not be regulated as financial services. The Treasury Committee called on May 17 for unbacked crypto assets to be regulated as gambling, given their…
Home Depot Cuts Forecasts Amid Pullback on Home Improvements
Home Depot’s revenue during the first quarter fell short of expectations and the company on Tuesday cut its annual sales forecast and projected a decline in profit for the first time since 2009. Shares of the nation’s largest home improvement chain tumbled about 4 percent, while those in rival Lowe’s dropped nearly 3 percent. For the…
Home Depot Cuts Forecasts, Signals Weakness Ahead for Big US Retailers
Home Depot Inc. on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending as a big earnings week for U.S. retailers rolls out. Shares of the largest U.S. home improvement chain, which also blamed a wet start to Spring and falling lumber prices…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 16)
May 16, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for June delivery fell 25 cents to $70.86 a barrel Tuesday. Brent crude for July delivery fell 32 cents to $74.91 a barrel. Wholesale gasoline for June delivery rose 1 cent $2.48 a gallon. June heating oil fell 2 cents to $2.36 a gallon. June natural gas was unchanged at $2.38…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta