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U.S. surge of energy demand is concentrated among a few states. Texas is one of them
The demand for energy in the U.S. has grown rapidly throughout the last three years. The nation’s surge is concentrated among a few states, said Jeff Schmid, president and CEO of the Federal Reserve
Why credit card rates remain high, even after interest rate cuts
Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in
Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed’s Next Rate Decision.
Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday. Investors and economists will be listening closely for clues about the Fed’s
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence
Exxon laying off almost 400 workers at Irving’s Pioneer Natural Resources
Oil giant and formerly Dallas-based ExxonMobil company is cutting 397 workers from recently acquired Pioneer Natural Resources, another blow to North Texas’ shrinking oil and gas sector. The layoffs
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor
World Bank: Lebanon’s war-inflicted losses reach $8.5 billion
Crisis-ridden Lebanon has suffered physical damages and economic losses estimated at $8.5 billion during more than a year of Hezbollah-Israel clashes turned into a war, with housing the hardest hit,
‘Not Very Good News’: Trump’s First Mention at APEC Is a Warning
For three hours on Thursday morning, Donald Trump was the elephant in the room at the Asia-Pacific Economic Cooperation as speakers danced around any direct discussion of how he would shake up the
The number of American filing for jobless claims falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday
Warren Buffett’s new bets on Domino’s and Pool Corp. send those stocks climbing
Berkshire Hathaway initiated these new positions during the third quarter even as it cut back its holdings of big names like Apple and Bank of America.
Applied Materials Forecast Signals Cautious Chipmaker Spending
Applied Materials Inc., the largest US maker of chip-manufacturing equipment, gave a weak revenue forecast, indicating that some semiconductor customers may be slowing orders.
Energy & Utilities Roundup: Market Talk
Find insight on Korea Electric Power, Suncor Energy and more in the latest Market Talks covering Energy and Utilities.
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