The Energy Department has announced the purchase of another 3 million...
The Energy Department has announced the purchase of another 3 million barrels of oil for the Strategic Petroleum Reserve at an average price of $77.69 per barrel, with delivery set for November. The department has so far bought back 38.6 million barrels of the 180 million barrels of SPR oil sold last year to stabilize fuel prices.
Merrick Garland tells Congress, “I will not be intimidated.” The...
Merrick Garland tells Congress, “I will not be intimidated.” The Fourth of July is a month away, but there were fireworks in Congress yesterday as the attorney general pushed back on Republicans’ accusations that he and the DOJ went after Donald Trump while protecting Joe Biden. Testifying before the House Judiciary Committee, Garland said he would not make decisions based on Republicans’ efforts to hold him in contempt of Congress for not releasing audio from an investigation into Biden. Lawmakers also sniped at each other, with one Democrat saying the committee had become “little more than a field office for the Trump campaign.”
President Biden signed an executive order restricting asylum claims based on the number of migrants crossing the US–Mexico border illegally. The ACLU plans to sue.
Sean “Diddy” Combs sold his majority stake in Revolt, the media company he founded, as he faces lawsuits accusing him of sexual assault.
Max is the latest streaming service to get more expensive. Warner Bros. announced it’s raising prices on what used to be HBO Max about two weeks before the second season of House of the Dragon begins.
Novak Djokovic withdrew from the French Open because of an injured knee, costing him his position as No. 1 in the rankings.
Instagram is testing ads you can’t skip, in case you need a reason to stop scrolling and feeling bad you’re not on vacation.
Benchmark U.S. crude oil for July delivery fell 97 cents to $73.25 per barrel Tuesday. Brent crude for August delivery fell 84 cents to $77.52 per barrel.
Wholesale gasoline for July delivery rose 1 cent to $2.35 a gallon. July heating oil fell 1 cent to $2.29 a gallon. July natural gasfell 17 cents to $2.59 per 1,000 cubic feet.
U.S. stocks finish higher after weak job-openings data boosts rate-cut hopes
U.S. stocks ended higher in choppy trading on Tuesday after softer-than-expected...
U.S. stocks ended higher in choppy trading on Tuesday after softer-than-expected labor-market data reinforced bets the Federal Reserve will still be able to cut interest rates later this year.
According to preliminary data from FactSet, the Dow Jones Industrial Average was up 0.4% to end at around 38,711.
The S&P 500 was up 0.2%, to finish near 5,291. The large-cap index was up for three consecutive sessions.
The Nasdaq Composite edged up 0.2%, ending at around 16,857.
U.S. job openings in April fell to a more than three-year low of around 8.1 million, below the median forecast of 8.4 million among economists polled by the Wall Street Journal. April’s level was the lowest in over three years, a sign that the labor market is cooling as the economy slows.
According to FactSet data, the weak jobs data also sent U.S. Treasury yields lower, with the 10-year Treasury rate down 6.6 basis points to 4.335%.
US Rep. August Pfluger, R-Texas, has introduced a Congressional Review Act resolution to overturn the recent endangered species listing of the dunes sagebrush lizard inhabiting the Permian Basin. The resolution has received strong support from industry groups, which argue that the listing ignores existing conservation efforts and jeopardizes thousands of jobs.
