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By Myra P. Saefong Survey shows February OPEC+ compliance rate of 97.8% with voluntary output cuts Oil futures declined on Friday, contributing to an overall loss for the week, as downward revisions to previous U.S. monthly jobs data raised concerns over the strength of the economy, and demand for oil. Price . . .
The US Labor Department’s statistical agency emailed a group of analysts about a key factor behind the jump in January’s consumer price index before trying to take it back, raising questions about the validity of the figures. A Tuesday email to data “super users,” seen by Bloomberg, suggested a surge in a measure of rental […]
Vermont Sen. Bernie Sanders, chairman of the Senate Health, Education, Labor, and Pensions Committee, pressed executives from Bristol Myers Squibb, Merck and Johnson & Johnson about the prices they charge for drugs in the U.S. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images Vermont Sen. Bernie Sanders, chairman of the Senate Health, Education, […]
Oil field workers on a rig in Tioga, North Dakota. Ken Cedeno | Corbis | Getty Images Oil prices edged lower Wednesday as U.S. gasoline stocks rose significantly, suggesting demand might be faltering in the world’s largest economy. The West Texas Intermediate futures contract for March fell 18 cents, or .24%, to $74.19 a barrel […]
Surging U.S. oil production could set new records this year after ending 2023 at a historic level, pressuring OPEC and cushioning the market — at least so far — from price spikes that may emerge from tensions in the Middle East. U.S. production has undergone a dramatic turnaround after hitting a 62-year low in 2008, […]
Comment on this storyCommentAdd to your saved storiesSave Attacks on Red Sea shipping might raise prices for consumers because cargo carriers take longer routes to avoid dangerous waters for now. Iran-backed Houthi rebels in Yemen first struck cargo ships with drones and missiles this month, in what they claim is retaliation for . . .
Washington, DC CNN — US home prices continued to rise in October, hitting a new record high and marking the ninth-consecutive month of increases, according to data released Tuesday. Even as mortgage rates lingered above 7% in October, reaching the highest levels in 23 years . . .
If you missed out on Black Friday shopping at Spanx, you’re in luck, because the site just slashed the price on so many new styles. Right now,
Asia markets opened higher following a positive close on Wall Street. Investors are eagerly awaiting a crucial U.S. inflation report later in the day, which will likely set the tone for the Federal Reserve’s final meeting of the year on Wednesday. U.S. futures and oil prices advanced. Tokyo’s Nikkei 225 added 0.5% to 32,959.50. Data […]
New York CNN — Let the shopping games begin. Deal-hunters headed to their favorite stores in person and online on the day after Thanksgiving to bag what they hope are some of the best early bargains of the year-end holiday period.