Oil futures declined on Wednesday, failing to find support from a hefty weekly drop in U.S. crude supplies and production as output in the Gulf of Mexico has seen a strong recovery from Hurricane Laura. The supply declines from the Energy Information Administration were “not surprising,” as Hurricane Laura caused …
Read More »Need to Know: Here’s what could trigger more stock market pullbacks this year, says Schwab trading pro
A record-setting August for stocks has set the bar high, but September may be off to an upbeat start, led by technology. The big question for investors is whether the equity market will keep up the momentum? That brings us to our call of the day from Schwab Center for …
Read More »Renters in U.S. cannot be evicted through the end of the year due to coronavirus, CDC order states
The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes during the COVID-19 pandemic, the Trump administration announced Tuesday. The CDC’s moratorium will apply to all rental units nationwide until Dec. 31 and goes into …
Read More »Market Snapshot: S&P 500 and Nasdaq march to fresh intraday records as big tech stocks extend gains to start September
U.S. stock indexes clambered toward record-high territory Tuesday morning, as upbeat economic reports helped to feed the buying momentum on Wall Street. The climb for stocks comes even as investors enter what is expected to be a seasonally challenging month for equities, following the best August returns in more than …
Read More »The Tell: Women money managers have an edge over men during the pandemic of 2020. Thank tech stocks for that
A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of 2020, which marks the 100th …
Read More »Capitol Report: Trump defends his trip to Kenosha, praises stock market’s August surge
President Donald Trump at a news conference on Monday evening defended his decision to visit Kenosha, Wis., as he also declined to criticize the teen accused of fatally shooting two protesters in that small city. The president was asked at the news conference about whether he had considered not making …
Read More »Futures Movers: Oil aims to close out a strong August with gains after upbeat China data
Oil futures rose Monday, on track to end August on an upbeat note after data showed a stronger-than-expected pickup in China’s service sector. “The move follows moderate week-on-week gains during last week’s trading, with continued improvement to global demand levels combining with a weaker dollar and ongoing supply cuts to …
Read More »The Fed takes new approach to inflation: What it means for your savings, credit-card interest — and mortgage rate
The Federal Reserve is shaking things up — which is both good and bad news for consumers. The Fed made some of the biggest changes to its policy in years following an extended review. The central bank has revised its approach to inflation and the labor market in a move …
Read More »Key Words: Portland mayor Ted Wheeler unleashes on Trump: ‘What America needs is for you to be stopped’
A protester speaks with Portland Mayor Ted Wheeler. Getty Images “ ‘Do you wonder why America, in the first time in decades, has seen this level of violence? It’s you who have created this level of hate and division. It is you who have not found a way to say …
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