An attack by Yemen’s Houthi rebels targeted an oil tanker in the Red Sea on Monday, authorities said, as a second ship nearby also came under fire. Both attacks were near where crews hope to salvage a tanker loaded with oil and still ablaze after another assault by the group.
US NGL Market Tightens Links to Crude, NatGas Production
The shale boom coalesced the American market...
The shale boom coalesced the American market into an unprecedented shape. Never before have sectors been so closely linked, said an industry expert at an Aug. 28 East Daley Analytics webinar.
“Crude oil, natural gas and NGLs are linked together in ways in which they’ve never been in history,” said Rob Wilson, vice president of analytics at East Daley Analytics. “You cannot just focus on crude or gas.”
Over the last few years, the U.S. has taken the lead in producing all three hydrocarbons for the first time in history.
Russian Strike on Ukrainian City Kills at Least 41
A Russian missile...
A Russian missile strike in the eastern Ukrainian city of Poltava on Tuesday killed at least 41 people and injured another 180, President Volodymyr Zelensky said, in the latest in a series of devastating strikes on Ukrainian cities.
Two ballistic missiles hit a military educational institution in the city, Mr. Zelensky said, as well as a neighboring hospital, trapping people under the rubble. A search and rescue operation was underway.
Boeing’s Starliner capsule is coming home empty: Astronauts...
Boeing’s Starliner capsule is coming home empty: Astronauts Butch Wilmore and Suni Williams will remain stranded at the ISS until February 2025, but the questionable vessel that left them marooned in space is scheduled to return home on Friday. And not a moment too soon—Wilmore reported hearing a “strange noise” over the weekend that initially neither he nor mission control could figure out. NASA later deduced it was feedback from a speaker and said it would not impact the scheduled touchdown of the unoccupied capsule.
The US seized an airplane used by Venezuelan President Nicolás Maduro in the Dominican Republic, saying the luxury jet was purchased illegally in violation of sanctions.
Volkswagen is considering closing German manufacturing plants for the first time in its 87-year history as it struggles to cut costs.
Huawei, China’s answer to Big Tech, plans to hold a product launch event hours after Apple is expected to debut the iPhone 16. It’s unclear what the company wants to unveil, but the head of its consumer division said it’ll be “an epoch-making product.”
Ozempic and Wegovy, already popular for weight loss, also make people less likely to die from Covid, a new study found.
Kamala Harris came out against the sale of US Steel to Japan’s Nippon Steel, a position she shares with her Republican opponent Donald Trump and President Joe Biden.
The mayor of Paris wants to keep the Olympic rings on the Eiffel Tower permanently.
U.S. Stock-Market Rebound Faces ‘Huge’ Jobs Reports After Labor Day Weekend
U.S. stock and bond investors face a big employment report...
U.S. stock and bond investors face a big employment report this week, after returning from the Labor Day weekend to kick off September trading.
The U.S. jobs report, scheduled to be released Friday, will be “huge” from a market’s perspective, said Victoria Fernandez, chief market strategist at Crossmark Global Investments, in an interview. She said the report on jobs growth and the unemployment rate in August, has the potential to move stocks and bonds.
July employment data, released in early August, had rocked the stock market as it was softer than Wall Street expected and showed the unemployment rate rose to 4.3%. However, U.S. stocks have bounced back from their recent slump, with the Dow Jones Industrial Average logging a fresh record high Friday while the S&P 500 ended 0.3% below its all-time peak notched July 16.
“The overall economy continues to look pretty strong,” said Bob Elliott, co-founder, chief executive officer, and chief investment officer of Unlimited Funds, by phone. But “the jury is still out on whether we’re going to get a ‘no landing,’ a soft landing, or a hard landing.”
