Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1.655 million Productivity accelerates at 3.0% rate in fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market …
US weekly jobless claims at nine-month low; productivity accelerates Read More »
WINNIPEG, Manitoba, Feb 1 (Reuters) – The United States on Tuesday said it was seeking a second trade dispute settlement panel over Canada’s dairy import quotas, accusing Canada of not meeting obligations to open its market to American producers. The move is the latest salvo in longstanding tensions between the trade partners over Canada’s protected …
Explainer: Spilt milk? Why are the US and Canada fighting over dairy? Read More »
LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to fix the name of CIO in the “Going Private” section to Nicoll from Nicole) The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high …
Feb 1 (Reuters) – The US Food and Drug Administration (FDA) on Wednesday removed the need for a positive test for COVID-19 treatments from Pfizer Inc (PFE.N) and Merck & Co Inc (MRK.N). Pfizer’s Paxlovid and Merck’s Lagevrio pills were given emergency use authorizations in Dec. 2021 for patients with mild-to-moderate COVID who tested positive …
US FDA removes COVID test requirements for Pfizer, Merck pills Read More »
Refining margins in Asia have dropped in recent weeks as China ramped up exports of fuels amid high export quotas assigned to its refiners in recent months. The profit margins of processing diesel are still at high levels historically, and they could start rising again once the EU embargo on seaborne imports of Russian fuels …
Diesel Margins Could Get a Boost from Russian Diesel Ban Read More »
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still …
SEATTLE, Wash., Feb 1 (Reuters) – The Colorado River, which provides drinking water to 40 million people in seven US states, is drying up, straining a water distribution pact amid the worst drought in 12 centuries, exacerbated by climate change. California split from the six states of Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming …
US states struggle to share dwindling waters of Colorado River Read More »
Jan 31 (Reuters) – Pfizer Inc (PFE.N) on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over demand for the products as governments cut orders and work through inventories. Chief Executive Albert Bourla said that 2023 should be a “transition year” for Pfizer’s COVID products, …
Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline Read More »
The upcoming EU ban on fuel imports from Russia, as well as Germany and Poland halting pipeline imports of Russian crude at the start of January, pushed Russian seaborne crude oil exports higher in the week to January 27, according to vessel tracking data monitored by Bloomberg . In the week to January 20, Russian …
Russia’s Oil Exports Rebound Ahead Of The EU Ban On Fuel Imports Read More »
McDonald’s warns of short-term inflation pressures US labor costs growth slows in fourth quarter Fed decision on interest rates on Wednesday GM up on robust forecast, Caterpillar hit by lower Q4 profit Indexes up: Nasdaq 0.48%, S&P 0.33%, Dow 0.07% Jan 31 (Reuters) – Wall Street rose on Tuesday as wage growth data indicated that …
Wall Street buoyed by easing inflation concerns ahead of Fed decision Read More »
