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Oil prices end lower on weak U.S. gasoline demand
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.The Wall Street Journal - World -
The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Why Johnson is stuck with threats to end his speakership
Democrats could want some sort of power-sharing agreement in exchange for helping the speaker defang the so-called motion to vacate. That's too steep a price for him.Politico - Politics -
Tight end rankings for 2024 fantasy football 2024
The Yahoo Fantasy football analysts reveal their first tight end rankings for the 2024 NFL season.Yahoo Sports - Sports - Fantasy Football
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GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.MarketWatch - Business -
Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.MarketWatch - Business -
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers ISS and Glass Lewis in stepping into activist investor Ancora’s board battle with railroad operator Norfolk Southern.MarketWatch - Business -
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.MarketWatch - Business -
Paramount’s new ‘Office of the CEO’ now has a principal executive — while its ex-CEO will still collect a hefty paycheck
Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, the media conglomerate said.MarketWatch - Business