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U.S. labor market remains strong, manufacturing still weak

11 hours ago DieselGasoil Comments Off on U.S. labor market remains strong, manufacturing still weak
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Other Read More

Trump to ‘substantially increase’ sanctions on Iran

1 day ago DieselGasoil Comments Off on Trump to ‘substantially increase’ sanctions on Iran
By Sanya Burgess, news reporter Donald Trump has said he will “substantially increase” sanctions on Iran. The president’s announcement comes two days after he told reporters it was “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities, but he insisted he does not want war. The Saudi government is preparing to present Read More

Wall Street set to open slightly lower as Fed policy meeting looms

3 days ago DieselGasoil Comments Off on Wall Street set to open slightly lower as Fed policy meeting looms
(Reuters) – Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, Read More

Futures tick lower as Fed policy meeting looms

3 days ago DieselGasoil Comments Off on Futures tick lower as Fed policy meeting looms
(Reuters) – U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia’s main oil refinery to the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Trump after Saudi oil attack: ‘I don’t want war but we are prepared’

3 days ago DieselGasoil Comments Off on Trump after Saudi oil attack: ‘I don’t want war but we are prepared’
By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities, but he has insisted that he does not want war. The president said he is not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump

3 days ago DieselGasoil Comments Off on Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump
By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities but has insisted that he does not want war. The US president said he was not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

‘Iranian weapons’ used in drone strike on oil plants

3 days ago DieselGasoil Comments Off on ‘Iranian weapons’ used in drone strike on oil plants
By Sanya Burgess, news reporter Oil prices have fallen after an initial spike following a drone attack on Saudi Arabia’s oil facilities, as finger pointing continues over who was responsible. Global prices surged nearly 20% following the bombing of two oil plants, before dropping around 10% when markets calmed in reaction to Donald Trump’s suggestion Read More

Beleaguered U.S. energy shares soar after attacks on Saudi facilities

3 days ago DieselGasoil Comments Off on Beleaguered U.S. energy shares soar after attacks on Saudi facilities
(Reuters) – Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia’s oil facilities gave new juice to a sector that has been a chronic underperformer. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, Read More

Tropical cyclone bears down on Bahamas, U.N. pledges aid

6 days ago DieselGasoil Comments Off on Tropical cyclone bears down on Bahamas, U.N. pledges aid
NASSAU (Reuters) – A tropical cyclone carrying heavy rain and strong winds neared the already devastated Bahamas on Friday, threatening to complicate Hurricane Dorian recovery efforts as the U.N. secretary-general arrived in the islands in a show of support. FILE PHOTO: A volunteer of the NGO World Central Kitchen gestures as a helicopter leaves after Read More

Wall Street mixed as trade hopes capped by Apple drop

6 days ago DieselGasoil Comments Off on Wall Street mixed as trade hopes capped by Apple drop
NEW YORK (Reuters) – Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More