The Fed set to announce its interest rate decision
The construction helmet is gone, but JPow is still hard at work. The...
The construction helmet is gone, but JPow is still hard at work. The central bank meets this week and is widely expected to announce on Wednesday that interest rates will remain unchanged. That news likely won’t go over well with President Trump, who frequently criticizes Powell for not lowering rates. Those frustrations were on display last Thursday during a tour of ongoing renovations at the Federal Reserve—a project that Trump has used to ratchet up pressure on Powell.
Fantastic Four breaks $100 million at box office, and...
Fantastic Four breaks $100 million at box office, and a Marvel curse. The Fantastic Four: First Steps brought in $118 million in North America and another $100 million internationally, good for Marvel’s biggest opening weekend since last summer’s Deadpool & Wolverine. Earlier this year, the studio released Captain America: Brave New World, which got an underwhelming reception, and Thunderbolts, which was just whelming. What do audiences love about The Fantastic Four? Maybe it’s Pedro Pascal, who stars as Mister Fantastic, or maybe it’s because it’s a “no-homework-required movie,” as Marvel Chief Creative Officer Kevin Feige called it at a publicity event. He elaborated, “It literally is not connected to anything we’ve made before.”
At least 11 people were injured in a stabbing attack at the Walmart in Traverse City, MI. A suspect is in custody.
Stock futures rise after U.S.-E.U. trade deal, and ahead of big Fed meeting
U.S. stock futures rose late Sunday, as a...
U.S. stock futures rose late Sunday, as a busy week for markets kicked off with the U.S. and the European Union agreeing to the framework of a trade deal, avoiding the risk of an all-out transatlantic trade war.
Dow Jones Industrial Average futures rose around 160 points, or 0.4%, Sunday evening. S&P 500 futures rose 0.4% and Nasdaq-100 futures advanced 0.5%. Bitcoin gained slightly, above the $119,000 level, while West Texas crude inched higher and gold was about flat. The U.S. Dollar Index, which measures the buck against a basket of foreign currencies, was little changed.
Backdrop of halted energy trade looms over US-China talks
Just as Beijing and Washington gear up for trade talks next week, new...
Just as Beijing and Washington gear up for trade talks next week, new data show that China imported virtually no US crude oil, liquefied natural gas and coal in June, a sharp drop from a year ago when purchases topped $800 million. The collapse in fossil fuel trade sets the stage for upcoming negotiations, where energy flows and sanctioned oil purchases are likely to figure prominently.
Oil prices dip to settle at 3-week low on US and China economic concerns
(Reuters) - Oil prices eased on Friday and settled at...
(Reuters) - Oil prices eased on Friday and settled at a three-week low as traders worried about negative economic news from the U.S. and China and signs of growing supply.
Losses were limited by optimism U.S. trade deals could boost global economic growth and oil demand in the future.
Brent crude futures fell 74 cents, or 1.1%, to settle at $68.44, while U.S. West Texas Intermediate (WTI) crude fell 87 cents, or 1.3%, to settle at $65.16.
Those were the lowest settlement levels for Brent since July 4 and WTI since June 30. For the week, Brent was down approximately 1%, with WTI down around 3%.
In China, the world's second-largest economy, fiscal revenue declined 0.3% in the first six months compared to the same period a year earlier, the finance ministry said, maintaining the rate of decline seen between January and May.
