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Aviation industry labor shortage hits Canadian companies trying to replace grounded Boeing jets

3 weeks ago DieselGasoil Comments Off on Aviation industry labor shortage hits Canadian companies trying to replace grounded Boeing jets
MONTREAL (Reuters) – A global shortage of pilots and mechanics is preventing some Canadian aviation service companies from meeting the needs of airlines and other customers scrambling to secure replacements for grounded Boeing 737 MAX jets. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Read More

Powell stops short of committing to rate cuts, and Trump fumes

3 weeks ago DieselGasoil Comments Off on Powell stops short of committing to rate cuts, and Trump fumes
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve will “act as appropriate” to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference following Read More

Powell: Fed to act as appropriate to keep expansion going

3 weeks ago DieselGasoil Comments Off on Powell: Fed to act as appropriate to keep expansion going
(Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. FILE Read More

Powell says Fed will ‘act as appropriate’ but offers little more guidance

3 weeks ago DieselGasoil Comments Off on Powell says Fed will ‘act as appropriate’ but offers little more guidance
JACKSON HOLE, Wyo. (Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting Read More

S&P 500 stalls as U.S. employment, manufacturing data offset

4 weeks ago DieselGasoil Comments Off on S&P 500 stalls as U.S. employment, manufacturing data offset
NEW YORK (Reuters) – The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc (JWN.N) and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store’s quarterly profit beat Read More

Crude oil futures steady on mixed EIA data, geopolitical risks

4 weeks ago DieselGasoil Comments Off on Crude oil futures steady on mixed EIA data, geopolitical risks
Singapore — Crude oil futures were steady to marginally higher during mid-morning trade in Asia Thursday, amid mixed data on US inventory levels while market participants keep watch on geopolitical developments in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am in Singapore (0220 Read More

Stocks rise with focus on stimulus; U.S. yield curve briefly inverts

4 weeks ago DieselGasoil Comments Off on Stocks rise with focus on stimulus; U.S. yield curve briefly inverts
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, Read More

Stocks rise with focus on stimulus; U.S. yield curve flat

4 weeks ago DieselGasoil Comments Off on Stocks rise with focus on stimulus; U.S. yield curve flat
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, Read More

Past-due student loans, credit card debt could weigh on U.S. growth

1 month ago DieselGasoil Comments Off on Past-due student loans, credit card debt could weigh on U.S. growth
NEW YORK (Reuters) – More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. Read More

Asian shares turn lower on Sino-U.S. trade, recession worries

1 month ago DieselGasoil Comments Off on Asian shares turn lower on Sino-U.S. trade, recession worries
SHANGHAI (Reuters) – Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, offsetting a welcome a lift from Chinese shares and a stronger-than-expected daily fixing for the yuan. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Read More