Oil futures fell sharply Tuesday, with concerns that renewed lockdowns to combat the coronavirus pandemic in Europe would crimp energy demand helping to send U.S. prices below the key $ 60 mark. “Optimism around a swift global economic recovery has recently been dampened by setbacks in vaccine rollouts in parts …
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Total mortgage application volume fell 4.1% from the previous week, but were 16% higher than a year ago. The average loan amount for homebuyers hit another record high — $ 395,200, according to the Mortgage Bankers Association’s seasonally adjusted index reported by CNBC. Homebuyers are seeing prices rise at the …
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MarketWatch illustration/iStockphoto The demands of at-home schooling and work amid the COVID-19 pandemic pushed the personal-computer market to its strongest growth in more than a decade, according to third-party analyses released Monday. Gartner Inc. and IDC reported that PC shipments enjoyed their second consecutive quarter of strong growth after years …
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The continued back and forth in Washington has pushed the stock market into continued volatility this week. President Trump’s comments on Wednesday that legislators were “starting to have some very productive talks” about a new federal economic support plan spurred Wall Street to its best finish since July. The Dow …
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Tesla Inc. stock fell more than 5% Friday after the Silicon Valley car maker reported quarterly sales that were above Wall Street consensus and hit a record but failed to dispel concerns about the company’s longer-term goals. Tesla TSLA, -7.37% earlier Friday said it delivered 139,300 vehicles in the third …
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Oil futures inched lower on Monday, undercut by continued demand worries, as the Organization of the Petroleum Exporting Countries further reduces its outlook for demand growth, as well as the potential for more oil from Libya. A storm in the Gulf of Mexico, however, threatens to disrupt energy output in …
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Protesters gathered at the home of Postmaster General Louis DeJoy on Saturday to demand his resignation — a significant escalation of public pressure amid a pitched battle over mail-in ballots for the 2020 presidential election. About 100 demonstrators gathered outside DeJoy’s home in the wealthy Washington D.C. enclave of Kalorama. …
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An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …
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British Airways will cut up to 12,000 jobs as the airline’s owner warned the coronavirus recovery will take “several years.” BA parent International Consolidated Airlines Group IAG, -3.30% (IAG) said it had launched a restructuring and redundancy program due to the impact of the pandemic and the expectation that the …
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