By: Vail Daily – Eagle County isn’t the top place in Colorado considered suitable for oil and gas development, but a 2015...
The Uinta Basin lies in the northeast corner of Utah and is bounded on the north by the Uinta Mountains, on the south by...
Story By Olesya Dmitracova |CNN|Natural gas prices have spiked again this week, just as Europe prepares for the heating season. The price...
Story By Stephen Williams |Auto Blog|via Yahoo| Red or black? Draw or stand pat? Electric or gasoline? So many choices. To ease...
By: Carlsbad Current-Argus – An oil and gas company headquartered in Fort Worth, Texas is planning to buy thousands of acres in...
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Story By Steve Lackmeyer |The Oklahoman|via Yahoo News| Spencer Struck is no longer named in a $60 million lawsuit that mistakenly targeted...
Analysis by Anna Cooban|CNN|The fight against the steep rise in prices of food and oil, unleashed by the pandemic and war in...
Story from Hart Energy – Via Yahoo News. Plains All American Pipeline company reported strong second-quarter results highlighted by improved operations and...
By: Reuters – U.S. oil and gas producer Coterra Energy (CTRA.N) joined its peers in posting a sharp drop in quarterly profit on...
U.S. stocks ended higher Tuesday, with the S&P 500 largely clawing back the previous session's tariff-induced fall, as tech stocks jumped and enthusiasm over artificial-intelligence plays was reignited.
Analysts said markets saw some relief after Trump on Monday delayed tariffs against Canada and Mexico until March 1. An additional tariff of 10% on Chinese goods drew little lasting reaction, with Beijing's response seen as symbolic and perhaps leaving room for negotiation, analysts said. Meanwhile, a report showing job openings in December fell to a nearly four-year low helped keep alive expectations for further Federal Reserve interest-rate cuts.
The Dow Jones rose 134.13 points, or 0.3%, to finish at 44,556.04.
The S&P 500 gained 43.31 points, or 0.7%, to end at 6,037.88.
The Nasdaq Composite closed at 19,654.02, up 1.4%.
The numbers: It’s gotten harder for the unemployed to find work: Job openings in the U.S. fell at the end of 2024 to the second lowest level since the end of the pandemic.
In December, job openings in the U.S. decreased to 7.6 million from 8.2 million in November, marking a significant drop from the 2022 peak of 12.2 million. This decline reflects a broader trend over the past two years where openings have decreased sporadically by over a third. Additionally, the labor market is showing signs of cooling as it now takes longer for people to find jobs after losing them, with unemployment benefits claims reaching their highest levels since 2018, excluding the pandemic years. There has also been a notable increase in the number of people unemployed for over six months. The recent job openings data suggests that the labor market may not be as robust as suggested by the job growth reported in November and December. Further insights are expected with the January employment report, which will also include revisions to last year’s job estimates, amidst speculations by some economists that these gains have been overstated.
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