Plant outages, demand shifts push US LNG exports lower
Preliminary data from Refinitiv Eikon show that US liquefied natural gas exports decreased by 10% to...
Preliminary data from Refinitiv Eikon show that US liquefied natural gas exports decreased by 10% to 7.51 million short tons in June due to plant maintenance and lower European demand. Europe's share of US LNG shipments declined from 60% in May to 47% in June, while Asia and Latin America accounted for 27% and 17% of the total, respectively.
Supporters of the private Russian mercenary Wagner Group are calling for a mass gathering Saturday in St. Petersburg, Russia, where groups plan to hand out Wagner-branded merchandise. The private mercenary group announced the effort on its social media channel yesterday to roughly 250,000 followers as reports surfaced of Wagner chief Yevgeny Prigozhin's return to Russia.
The latest development comes less than two weeks after Prigozhin and members of the Wagner Group were exiled to neighboring Belarus after a short-lived mutiny against Russia's defense ministry (see timeline). A brokered deal allowed Wagner mercenaries to relocate to Belarus to avoid joining the Russian military as part of Moscow's plan to dismantle private mercenary groups.
The rise Thursday came after Federal Reserve Chair Jerome Powell predicted that inflation would remain...
The rise Thursday came after Federal Reserve Chair Jerome Powell predicted that inflation would remain above 2% until at least 2025, meaning the Fed would probably have to keep its benchmark rate higher for longer.
Unemployment rate drops to 3.6% as U.S. economy generates 209,000 new jobs
As fears of a recession persist but have yet...
As fears of a recession persist but have yet to be realized, U.S. employers added 209,000 jobs in June, the Labor Department reported Friday. The unemployment rate was 3.6 percent, compared with 3.7 percent in May.
It was the 30th consecutive month of gains in American payrolls, but the June figure represented a continued cooling of the labor market. The total was down from a revised 306,000 in May and was the lowest since the streak began. The figures are seasonally adjusted.
Stocks end off session lows, attention turns to June jobs report
Stocks ended with a loss, but off session lows, on Thursday after...
Stocks ended with a loss, but off session lows, on Thursday after a large jump in an estimate of private-sector jobs growth sent Treasury yields soaring and underlined worries about how high the Federal Reserve will ultimately need to raise interest rates.
The Dow Jones Industrial Average around 366 points, or 1.1%, to close near 33,922, according to preliminary data, while the S&P 500 and Nasdaq Composite each shed 0.8%.
ADP on Thursday morning said the private sector added 497,000 jobs in June. Economists polled by the Wall Street Journal had forecast a gain of 220,000 private-sector jobs. The ADP data typically isn’t a big market mover given that it’s not a reliable guide to official jobs figures, but the jump in the June data appeared to be too big for traders to ignore.
The Labor Department will release its closely watched June jobs report at 8:30 a.m. Eastern on Friday.
