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Economy, Energy

“U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes”

“U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global… Continue Reading…

Economy, Stocks

“The spending slowdown is coming. The stock market should brace for impact.”

“ … Dwindling savings, weak wage gains, and the return of student loan payments mean people have plenty of reason to tighten their belts for the second half of the year — and experts say that could ultimately curb gains in the stock market.… Continue Reading…

Business

“Comcast beats estimates despite slowing broadband growth, higher Peacock losses”

“Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 4% in premarket trading. The stock is up… Continue Reading…

Economy

“U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing”

“Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation took hold of an economy largely expected to decelerate even further ahead. Gross domestic product, a measure of all goods… Continue Reading…

Economy

“Economy added 431,000 jobs in March despite worries over slowing growth”

“…Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been looking for 490,000 on payrolls and 3.7% for the jobless level… The… Continue Reading…

Economy

“U.S. manufacturing sector slowing as economy loses steam”

” U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first… Continue Reading…