April 27, 2021
“BP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than tripled in the first quarter. The London-listed energy giant cited “exceptional” gas marketing and trading performance and higher oil prices… Continue Reading…
April 21, 2021
“There was a remarkable disclosure in the latest JPMorgan earnings report: the largest US bank – an entity that historically has best been known for making loans to the broader population – reported that in Q1 its total deposits rose by a whopping 24%… Continue Reading…
April 19, 2021
“U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth. Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and… Continue Reading…
April 19, 2021
“The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading… Continue Reading…
April 19, 2021
“The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers. Barely a fifth of the surplus that flooded into the storage tanks of developed economies when… Continue Reading…
April 15, 2021
“U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market. The Dow Jones Industrial Average rose 260 points to hit an… Continue Reading…
April 14, 2021
“The IRS plans to begin sending monthly payments from the new $3,000 child tax credit in July, Commissioner Charles Rettig said Tuesday during a hearing with the Senate Finance Committee. The new and significantly expanded child tax credit was included in the $1.9 trillion… Continue Reading…
April 7, 2021
“There was a 30% month-over-month increase in the number of payments made to pay household bills from March 17 to March 21, according to the latest research from bill pay service doxo. During that same weeklong time frame, the total amount paid… Continue Reading…
April 7, 2021
“U.S. Treasury yields were slightly higher on Friday morning, following a better-than-expected March jobs report. The yield on the benchmark 10-year Treasury note climbed to 1.688% at 8:32 a.m. ET. The yield on the 30-year Treasury bond rose to 2.341%. Yields move inversely to… Continue Reading…
April 6, 2021
“A new report from UBS’s retail analysts suggests that 80,000 stores will close in the U.S. over the next few years. “We estimate that 80,000 stores will close by 2026 in our base case,” the report found. The worst-case scenario… Continue Reading…
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