Oil Market Embraces Lower-for-Longer Price View as Futures Sink
The global oil surplus increasingly looks like a problem that will take years rather than months to solve — and the market is pricing that in.
July 30, 2015GDP Rises 2.3% in Second Quarter; First Quarter Revised Upward
The world’s largest economy expanded at a faster pace in the second quarter and managed to eke out a gain at the start of the year, painting a picture of incremental progress consistent with the Federal Reserve’s view.
July 30, 2015Jobless Claims Climb From Four-Decade Low
Applications for U.S. unemployment benefits rose last week after reaching a four-decade low, consistent with a stronger labor market.
July 30, 2015Fed Sees Improved Labor, Housing Markets; Interest Rate Hikes Draw Closer
Federal Reserve policymakers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
July 29, 2015Amazon Envisions Distinct Drone Zones for Future Delivery Fleet
The first wave of long-range commercial drones should be allowed to operate in a narrow, low-altitude band and must agree to be tracked, according to Amazon.com Inc.’s vision of the future.
July 28, 2015Durable Goods Increase 3.4% in June
Orders for business equipment rose in June for just the second time this year as U.S. factories start to regain their footing after a weak spell.
July 27, 2015Fiat Chrysler Recalls Some Ram Pickups to Defend Against Hacks
Fiat Chrysler Automobiles NV is recalling about 1.4 million cars and trucks, including some 2015 Ram pickups, equipped with radios that are vulnerable to hacking.
July 24, 2015VW, Metzler to Sell LeasePlan Fleet Management Business for $4 Billion
Volkswagen AG and banker Friedrich von Metzler agreed to sell fleet-management company LeasePlan Corp. for 3.7 billion euros ($4 billion) to a group of investors including TDR Capital LLP.
July 23, 2015Jobless Claims Fall to Lowest Level in Four Decades
The fewest Americans in four decades filed applications for unemployment benefits last week, continuing to unwind an early July surge that probably was tied to midyear factory shutdowns and school vacations.
July 23, 2015Sales of Existing Homes Climb to Highest Level in 8 Years
Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.
July 22, 2015