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News
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
3+ day, 13+ hour ago (379+ words) In a striking acknowledgment Wednesday, Trump said that oil prices likely won’t come down until after U.S. midterm elections, but added that prices will fall immediately after Nov. 3. “Right after the election, oil prices are going to be tumbling downward,…...
World shares retreat and oil prices trade above $100 a barrel
3+ day, 23+ hour ago (690+ words) The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%. In Germany, the DAX fell 0.2% to 25,535.88. The CAC 40 in Paris edged 0.2% higher, while Britain's FTSE 100 lost 0.2% to 10,651.40. The price of Brent crude jumped…...
China's exports pick up in August, jumping 25% on strong demand for autos and high tech goods
6+ day, 9+ hour ago (261+ words) CTPost The data came ahead of U.S President Donald Trumpâs planned meeting with Chinese leader Xi Jinping, set for late September, though Beijing has not yet confirmed the exact date for the visit Exports grew 23.9% year-on-year in July Imports…...
Asian shares and US futures are mixed, while oil prices creep higher
6+ day, 2+ hour ago (426+ words) Tokyo's Nikkei 225 gave up early gains, falling 0.3% to 66,170.34 after the government reported that the economy grew at a slightly faster annual pace in the April-June quarter than earlier reported, at 1.4%. Earlier, the Cabinet Office had estimated the annualized growth rate…...
The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves
1+ week, 4+ day ago (1722+ words) Oil giant Chevron confirmed that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Canadian Prime Minister…...
Bessent says G20 countries should also use tariffs to protect their industries from cheap imports
1+ week, 5+ day ago (423+ words) Bessent told reporters that he had warned other nations at the beginning of President Donald Trump ’s second term that the new U.S. “tariff wall” would mean that Chinese goods would flood their markets. “And unfortunately, I was right,” Bessent…...
Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says
1+ week, 5+ day ago (462+ words) CTPost...
The Latest: Trump says Venezuela agreed to give US control of 65 billion barrels of oil reserves
1+ week, 6+ day ago (1526+ words) President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost. The president is calling it…...
Investors prosper and consumers pay as the Iran war exacts an uneven economic toll 6 months in
2+ week, 1+ day ago (1085+ words) But six months into the conflict, the direst predictions haven’t come true even if no corner of the world's economy has been untouched. “So far, the global economy has pulled off the financial equivalent of a ‘Mission Impossible’ scene,” said…...
Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
2+ week, 2+ day ago (685+ words) Trump in a social media post announcing the agreement said it was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s acting President Delcy Rodríguez. “The United States of America has just entered into an Agreement…...