US Gulf Coast refiners adjust crude sourcing strategies
More Middle Eastern and...
More Middle Eastern and South American crude is flowing to the US Gulf Coast as refiners in the region seek alternatives to scarce Venezuelan and Mexican barrels, ship tracking data show. Imports from South American countries, excluding Venezuela, climbed to a five-year high in July, while Middle Eastern volumes to the Gulf Coast reached 212,000 barrels per day, the most since January.
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.
