• ExxonMobil Oil Reserves Trump Shell's But Its $305B Revenue Beats That Of U.S. Rival

    16 days ago - By Forbes

    Analysis of 2017 data reveals each of the supermajors leading in different ways, though U.S. giant has a lot to be cheerful about.
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  • U.S. SUV sales jump again in August

    16 days ago - By Reuters

    Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
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  • Emerging markets under pressure as dollar rises

    16 days ago - By Reuters

    Stocks tumbled in many major markets around the world on Tuesday, while emerging markets currencies fell and the U.S. dollar rose as investors looked for safety as they braced for escalation in the trade conflict between the United States and China.
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  • Atlanta Fed lifts U.S. third-quarter GDP view to 4.7 percent

    16 days ago - By Reuters

    The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity.
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  • Oil rises ahead of Storm Gordon; gains capped by Cushing build

    16 days ago - By Reuters

    Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
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  • U.S. factory activity races to 14-year high in August

    16 days ago - By Reuters

    U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth.
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  • US stocks slip as technology companies open lower

    16 days ago - By Chron

    NEW YORK - U.S. stocks are slightly lower Tuesday morning as technology companies including Facebook take losses, but energy companies are rising along with oil prices. Nike is sliding after it gave a major endorsement deal to former NFL quarterback Colin Kaepernick, known for his protests of police brutality and racial injustice.
    Investors are looking ahead to Congressional hearings on social media and trade talks between the U.S. and Canada as trading resumes after the Labor Day holiday.
    KEEPING SCORE: The S&P 500 index slid 5 points, or 0.2 percent, to 2,896 as of 10:20 a.m. Eastern...
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  • Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy

    Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy

    16 days ago - By The Economic Collapse

    Thanks to increasing demand and upcoming U.S. sanctions against Iran, oil prices have been rising and some analysts are forecasting that they will surge even higher in the months ahead. Unfortunately, that would be very bad news for the U.S. economy at a time when concerns about a major economic downturn have already been percolating. In recent years, extremely low gasoline prices have been one of the factors that have contributed to a period of relative economic stability in the United States. Because our country is so spread out, we import such a high percentage of our goods, and we are...
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