Business & Finance News
Oil prices fell on Thursday after rebounding 8 percent in the previous session, as signs of faltering global economic growth and record production of crude pressured prices.
U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years.
A measure of U.S. consumer confidence posted its sharpest decline in more than three years in December, rattling investors already nervous about the prospect that a global economic slowdown was spilling over into the United States.
U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years.
As a partial shutdown of the U.S. government stretched into its sixth day, the agency that oversees the federal workforce offered advice on staving off creditors to the estimated 800,000 employees who could be affected by a lapse in pay.
Mexico’s government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars.
Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.
U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July.
The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it will partially operate with reduced staff during to the ongoing federal shutdown.
The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength, with claims appearing to stabilize after drifting higher in recent months.
U.S. stocks tumbled 1 percent on Thursday in a broad-based decline led by energy shares, giving back some of the gains from a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.
Sinopec has suspended two top officials at its trading arm Unipec and is evaluating the details related to certain crude oil transactions that have incurred some losses, the Chinese state oil company said on Thursday.
U.S. stocks fell sharply at open on Thursday following a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.
France’s Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain’s second-busiest airport, London’s Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday.
The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market.
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