Author: Editor

US trade deficit narrows slightly in March
May 2, 2024 No Responses

US trade deficit narrows slightly in March

WASHINGTON (Reuters) – The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports. The trade deficit contracted 0.1% to $69.4 billion, the Commerce Department’s Bureau of Economic Analysis said...
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May 2, 2024 No Responses

Greenback strength to persist on delayed Fed rate cut calls

By Sarupya Ganguly BENGALURU (Reuters) – A rallying U.S. dollar will stand resolute and may even trade more strongly than predicted in coming months if the policies of the Federal Reserve and other major central banks diverge, according to FX...
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May 2, 2024 No Responses

ConocoPhillips misses quarterly profit estimates on lower gas prices

By Sabrina Valle and Sourasis Bose (Reuters) -U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset higher oil production volumes. A milder-than-expected winter hur...
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May 2, 2024 No Responses

US productivity slows sharply in first quarter

WASHINGTON (Reuters) – U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid. Nonfarm productivity, which measures hourly output per worker, increased at a 0...
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April 26, 2024 No Responses

Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement

By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. ...
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April 26, 2024 No Responses

‘End of oil not in sight’, OPEC Secretary General says in MEES article

LONDON (Reuters) – The end of oil is not in sight, OPEC’s top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions...
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April 26, 2024 No Responses

Analysis-Investors brace for 5% Treasury yields as US inflation worries mount

By David Randall NEW YORK (Reuters) – As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Bond yields, which move inversely to prices, have...
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March 20, 2024 No Responses

US targets Russian firms with sanctions over Kremlin-directed malign influence campaign

By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Wednesday imposed sanctions on two people and two companies it accused of supporting disinformation efforts directed by the Russian government, the U.S. Treasury Department said, as Washing...
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March 20, 2024 No Responses

Texas border enforcement law again blocked in legal whiplash

By Mica Rosenberg and Kristina Cooke (Reuters) -A Republican-backed Texas law that would empower law enforcement authorities in the state to arrest people suspected of illegally crossing the U.S.-Mexico border was blocked again late on Tuesday by a federal app...
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