Crude Falls Below $50 for First Time Since April on Glut Concerns
Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut.
July 20, 2015Brent Crude Holds Losses as Iranian Supply Counters Drop in US Rigs
Brent crude held losses after a third weekly decline as investors weighed the prospect of increased Iranian supplies against a drop in U.S. drilling rigs.
July 20, 2015Deal to End Tariffs on Tech Products Advances
Trade negotiators tentatively agreed to eliminate tariffs on an array of technology products valued at $1 trillion worth of global commerce.
July 20, 2015Consumer Sentiment in US Backpedals Over Concerns About Economy
Consumer confidence declined in July on concerns global risks will dim prospects for the U.S. economy.
July 17, 2015Consumer Prices in US Rose in June, Paced by Higher Rents
The cost of living in the United States rose in June for the fifth consecutive month, paced by increases in rents that are helping nudge inflation toward the Federal Reserve’s goal.
July 17, 2015Housing Starts in US Surge to Second-Highest Level Since 2007
New-home construction in the United States climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects.
July 17, 2015Consumer Confidence Shows Little Change; Views On Finances Decline
Consumer confidence in the United States was little changed last week as Americans’ views about their finances retreated for the first time since May.
July 16, 2015Jobless Claims Decline for First Time in Month
Filings for U.S. unemployment benefits declined last week for the first time in a month, heading back toward the lowest levels in more than a decade and signaling firings remain muted.
July 16, 2015Rise in Wholesale Prices in June Exceeds Expectations
Wholesale prices in the United States climbed more than forecast in June as the cost of fuel picked up.
July 15, 2015Retail Sales Decline 0.3% in June
Sales at U.S. retailers unexpectedly dropped in June, curbing optimism about the strength of the rebound in consumer spending during the second quarter.
July 14, 2015