U.S. stocks close lower to book weekly declines after February jobs data
U.S. stocks ended lower on Friday after investors assessed February...
U.S. stocks ended lower on Friday after investors assessed February jobs data, with all three major indexes booking weekly declines, according to preliminary data from FactSet.
The Dow Jones Industrial Average closed 0.2% lower, while the S&P 500 fell around 0.7% and the technology-heavy Nasdaq Composite dropped 1.2%, preliminary FactSet data show.
The S&P 500 snapped back-to-back weekly gains after Friday’s employment report showed stronger-than-expected jobs creation in February, a slightly higher unemployment rate of 3.9% and cooler wage growth last month.
For the week, the Dow fell 0.9%, while the S&P 500 slipped 0.3% and the Nasdaq dropped 1.2%.
Prairie chicken listing sparks debate, solutions in Okla.
The Endangered Species Act listing of the lesser prairie chicken is facing...
The Endangered Species Act listing of the lesser prairie chicken is facing pushback from Oklahoma officials, ranchers and oil and natural gas companies, which cite burdensome restrictions on land use and energy development. Amid the ongoing debate and concerns about habitat preservation, one firm has launched a privately financed conservation program that provides energy developers with conservation credits to offset potential impacts on the species.
Greater proppant use boosts Crescent's Uinta oil ops
An updated completion design that uses twice as much proppant per foot...
An updated completion design that uses twice as much proppant per foot has enabled Crescent Energy to drill significantly larger wells in the Uinta Basin while reducing costs by 35% per barrel of oil equivalent, according to Crescent CEO David Rockecharlie. Rockecharlie anticipates accelerated activity and production growth in the basin as its resource potential and reserve life continue to expand.
Reduced refinery production and lower regional inventories due to maintenance...
Reduced refinery production and lower regional inventories due to maintenance work, unplanned outages and seasonal patterns lifted average retail prices for gasoline and diesel in February and early March, a trend that is expected to continue for gasoline, according to the Energy Information Administration. The Gulf Coast area has been the main driver of the 11% decline in US refinery utilization since January.
The U.S. Constitution spells it out clearly in Article II, Section 3:...
The U.S. Constitution spells it out clearly in Article II, Section 3: The president “shall from time to time give to the Congress information of the state of the union, and recommend to their consideration such measures as he shall judge necessary and expedient.”
Last night, President Joe Biden delivered the State of the Union address; key moments include plans to create a temporary port in Gaza for aid delivery and man escorted out for heckling (More) | Alabama Sen. Katie Britt (R) provides rebuttal; see highlights (More) | Centrist No Labels group expected today to vote to plan a third-party presidential bid; no candidates revealed as of yet (More)
