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US retail sales unexpectedly fall in JulyJuly saw a surprising dip in US retail sales, reversing the trend of recent strong performances. The earlier surge in consumer spending, fu...- US refiners ramp up buybacks as Iran war boosts fuel marginsUS refiners Marathon Petroleum, Phillips 66 and Valero Energy reported combined second-quarter profits of $12.6 billion, benefiting from su...
- US stocks: S&P 500 ends higher as CoreWeave results fuel AI optimismUS stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectatio...
- US Fed expected to leave rates unchanged next month after soft inflation dataInflation has eased for the second consecutive month, reducing the urgency for the Federal Reserve to increase interest rates imminently. N...
- Why US stocks are rising: Nasdaq leads Wall Street higher as AI stocks rally, inflation supports Fed pauseUS stock markets rallied on Wednesday, with the Nasdaq taking the lead in gains. Encouraging earnings reports from AI infrastructure compan...
- US July CPI seen rising moderately, Fed rate outlook in focusUS consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this ...
- Lindsey Graham's sister Darline Graham advances to runoff in South Carolina Republican Senate primaryDarline Graham will face Ralph Norman in the August runoff election. Governor Henry McMaster had appointed Graham to serve the senator's re...
- Oil rises as doubts over US-Iran deal heighten supply concernsOil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipp...
- Why the US-Iran war continues to disrupt oil marketsThe oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...
- Mercedes, BMW, Volkswagen, Audi and Porsche are losing China to EV upstartsAs competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. ...
- Trump extends Jones Act waiver for 90 days, narrows scopeUS President Donald Trump has extended a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports for ...
- Ukraine kills 13, including a child, injures 39 in drone strikes on Russian city of Nizhnekamsk: MayorA Ukrainian drone attack on Nizhnekamsk killed thirteen people and injured thirty-nine. The strike targeted industrial and civilian sites, ...
- Trump extends Jones Act waiver with some limitations, White House official saysUS President Donald Trump has approved a Jones Act waiver extension. This waiver aims to reduce gas prices by increasing shipping flexibili...
- Trump expresses optimism about lower fuel prices as US-Iran move closer to potential deal on Strait of HormuzPresident Trump expressed optimism regarding negotiations over the Strait of Hormuz. He believes progress could lead to lower gasoline pric...
- White House set to extend Jones Act waiver as Trump hunts for cheaper gasolineThe White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transpor...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
- McDonald’s Q2 profit rises despite slowdown in US sales growthMcDonald’s posted higher second-quarter profit and revenue, though sales growth in its US market slowed as cautious consumers curbed spendi...
- 'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices for American driversUS President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumer...
- Democrats lead Republicans on economy as Trump approval falls, poll findsAmericans now see Democrats as better economic managers than Republicans. President Donald Trump's approval rating has fallen to thirty-fiv...
- America is making the most fuel since pre-covid. It’s not enoughAmerican refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low d...
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