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U.S. yield curve inversion highlights recession fears, Fed dilemma

5 days ago DieselGasoil Comments Off on U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing costs might not be needed. Bond markets vehemently disagree. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, Read More

Predicting the next U.S. recession

6 days ago DieselGasoil Comments Off on Predicting the next U.S. recession
NEW YORK A protracted trade war between China and the United States, the world’s largest economies, and a deteriorating global growth outlook has left investors apprehensive about the end to the longest expansion in American history. FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., Read More

Yen, gold gain on trade war angst; Argentine peso sinks

1 week ago DieselGasoil Comments Off on Yen, gold gain on trade war angst; Argentine peso sinks
NEW YORK (Reuters) – Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 15% after voters handed its president an election mauling. FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. Read More

U.S. yields tumble on trade worries, political tension

1 week ago DieselGasoil Comments Off on U.S. yields tumble on trade worries, political tension
NEW YORK (Reuters) – U.S. Treasury yields fell on Monday, in line with the weak stock market, as trade worries and global political tensions in places such as Hong Kong and Argentina supported safe-haven assets. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Read More

Russia says Siberian wildfires started on purpose by illegal loggers

2 weeks ago DieselGasoil Comments Off on Russia says Siberian wildfires started on purpose by illegal loggers
MOSCOW (Reuters) – Russian prosecutors said on Tuesday that some of the vast Siberian wildfires that environmentalists have dubbed a climate emergency were started on purpose by arsonists trying to conceal illegal logging activity. President Vladimir Putin called in the army last week to help firefighters battle fires raging in remote Siberian forestland that had Read More

Norwegian wealth fund’s bid to divest oil stocks loses momentum

2 weeks ago DieselGasoil Comments Off on Norwegian wealth fund’s bid to divest oil stocks loses momentum
By Mikael Holter on 8/6/2019 OSLO (Bloomberg) –After revealing it wants to dump all oil stocks in a market-shattering bang in 2017, Norway’s $1.1 trillion wealth fund’s actual divestment could now be so small it hardly matters. The fund’s initial plan was heavily diluted in a political compromise that shielded the world’s biggest oil companies. Read More

U.S. prisons lose Wall Street sell-side coverage

3 weeks ago DieselGasoil Comments Off on U.S. prisons lose Wall Street sell-side coverage
(Reuters) – Sell-side analysts have stopped covering U.S. private prison operators as Wall Street has distanced itself from publicly traded GEO Group Inc (GEO.N) and CoreCivic Inc (GEO.N). FILE PHOTO: ICE detainees make phone calls at the Adelanto immigration detention center, which is run by the Geo Group Inc (GEO.N), in Adelanto, California, U.S., April Read More

Moderate U.S. consumer spending, inflation back Fed rate cut

3 weeks ago DieselGasoil Comments Off on Moderate U.S. consumer spending, inflation back Fed rate cut
WASHINGTON (Reuters) – U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday for the first time in a decade. FILE PHOTO: A man shops at a store that sells parts and accessories for Recreational Vehicles (RVs) Read More

U.S. economy slows in second quarter; weak business investment a red flag

3 weeks ago DieselGasoil Comments Off on U.S. economy slows in second quarter; weak business investment a red flag
WASHINGTON (Reuters) – U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health. But the fairly upbeat report from the Commerce Department on Friday had some Read More

U.S. economy slows in second quarter ; weak business investment a red flag

3 weeks ago DieselGasoil Comments Off on U.S. economy slows in second quarter ; weak business investment a red flag
WASHINGTON (Reuters) – U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health. FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Read More