EconMatters
Follow
Find
3.1K views | +2 today
Scooped by EconMatters
onto EconMatters
Scoop.it!

Oil Slips Below $90 as Stocks Fluctuate After Dow Record

Oil Slips Below $90 as Stocks Fluctuate After Dow Record | EconMatters | Scoop.it
Stocks rose, extending the Dow Jones Industrial Average’s record high, as a private report showed faster-than-forecast U.S. job growth and the Federal Reserve said the economy is growing. Oil slid as U.S.
more...
No comment yet.
EconMatters
News about the markets and economy
Curated by EconMatters
Your new post is loading...
Scooped by EconMatters
Scoop.it!

Fed’s Bullard Says Unemployment Drop to Push Inflation

Fed’s Bullard Says Unemployment Drop to Push Inflation | EconMatters | Scoop.it
Federal Reserve Bank of St. Louis President James Bullard said a rapid drop in joblessness will fuel inflation, bolstering his case for an interest-rate increase early next year.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Fed Seen Raising Main Rate Earlier After June Employment Surge

Fed Seen Raising Main Rate Earlier After June Employment Surge | EconMatters | Scoop.it
Wall Street economists moved up their estimated dates for the Federal Reserve’s first interest-rate increase since 2006 after job growth surged in June beyond forecasts, cutting unemployment to almost a six-year low.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

WTI Has Longest Drop Since ’12 as Supply Fears Ease; Brent Falls

WTI Has Longest Drop Since ’12 as Supply Fears Ease; Brent Falls | EconMatters | Scoop.it
West Texas Intermediate crude fell for a sixth day, marking its longest retreat in more than two years on easing supply concerns in Iraq and Libya. Brent also declined.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

2030 Power Market Outlook by Bloomberg New Energy Finance

2030 Power Market Outlook by Bloomberg New Energy Finance | EconMatters | Scoop.it
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Offshore Tax Crackdown Opens With 30% Penalties for Banks

Offshore Tax Crackdown Opens With 30% Penalties for Banks | EconMatters | Scoop.it
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Argentina at Brink of Default as $539 Million Payment Due

Argentina at Brink of Default as $539 Million Payment Due | EconMatters | Scoop.it
Argentina is poised to miss a bond payment today, putting the country on the brink of its second default in 13 years, after a U.S. court blocked the cash from being distributed until the government settles with creditors from the previous debt debacle.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Brent Crude Heads for Biggest Weekly Drop Since April

Brent Crude Heads for Biggest Weekly Drop Since April | EconMatters | Scoop.it
Brent crude headed for the biggest weekly drop since April as the conflict in Iraq has so far spared the country’s main oil-producing region.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Financing Jihad: Why ISIL is a lot richer than Al-Qaeda

Financing Jihad: Why ISIL is a lot richer than Al-Qaeda | EconMatters | Scoop.it
The extremist militants battling government forces in Iraq know it takes more than guns and ammunition to carve out their Islamic state.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

U.S. Stocks Drop as Bullard Says Rates to Rise by March

U.S. Stocks Drop as Bullard Says Rates to Rise by March | EconMatters | Scoop.it
U.S. stocks slipped for the third time in four days after James Bullard, president of the Federal Reserve Bank of St. Louis, suggested today that higher interest rates may happen sooner than people thought.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Why U.S. Refiners Are Getting Crushed on Oil Export Allowance

Why U.S. Refiners Are Getting Crushed on Oil Export Allowance | EconMatters | Scoop.it
With word that the U.S. will allow Enterprise Products Partners and Pioneer Natural Resources to export super-light oil (condensate) for the first time decades, the move is crushing refinery stocks.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

The New Warmal: Global Temps Break Another Record

The New Warmal: Global Temps Break Another Record | EconMatters | Scoop.it
The average temperature of Earth’s surface last month exceeded all other Mays before it, since recordkeeping began in 1880, according to new data from the National Oceanic and Atmospheric Association.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Fed’s Plosser Sees Growth Exceeding 2.4% Amid More Job Gains

Fed’s Plosser Sees Growth Exceeding 2.4% Amid More Job Gains | EconMatters | Scoop.it
Federal Reserve Bank of Philadelphia President Charles Plosser said he’s “fairly optimistic” economic growth will exceed 2.4 percent for the remainder of this year and next amid steady growth in jobs.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Yahoo CEO falls asleep, late to meeting: Sources

Yahoo CEO falls asleep, late to meeting: Sources | EconMatters | Scoop.it
Yahoo CEO Marissa Mayer arrived nearly two hours late to a dinner with important marketing executives, the Wall Street Journal reported.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Silicon Valley's Talent Grab Spawns High-School Interns

Silicon Valley's Talent Grab Spawns High-School Interns | EconMatters | Scoop.it
Facebook Inc. rolled out the red carpet for Michael Sayman when the social network hired him for a job that started last month, including flying him out to meet Chief Executive Officer Mark Zuckerberg.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Ex-Merrill Lynch CEO story excised from Google search

Ex-Merrill Lynch CEO story excised from Google search | EconMatters | Scoop.it
An article about the ousting of Stan O’Neal from Merrill Lynch has become one of an estimated 50,000 expunged from certain Google searches.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Payrolls Jumped as U.S. Jobless Rate Fell to 6.1% in June

Payrolls Jumped as U.S. Jobless Rate Fell to 6.1% in June | EconMatters | Scoop.it
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears

Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears | EconMatters | Scoop.it
Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Epidemic China: About 1,600 Chinese a day die from overwork

Epidemic China: About 1,600 Chinese a day die from overwork | EconMatters | Scoop.it
Chinese banking regulator Li Jianhua literally worked himself to death. After 26 years of “always putting the cause of the party and the people” first, his employer said this month, the 48-year-old official died rushing to finish a report before the sun came up.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

China Official Cancels Events in Taiwan Amid Violent Protests

China Official Cancels Events in Taiwan Amid Violent Protests | EconMatters | Scoop.it
China's top official in charge of relations with Taiwan has returned to Beijing, hailing his visit to the self-ruled island as "historic", despite violent protests that forced him t...
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

China’s Manhattan Project Marred by Ghost Buildings

China’s Manhattan Project Marred by Ghost Buildings | EconMatters | Scoop.it
China’s project to build a replica Manhattan is taking shape against a backdrop of vacant office towers and unfinished hotels, underscoring the risks to a slowing economy from the nation’s unprecedented investment boom.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Japan inflation rate at 32-year high

Japan inflation rate at 32-year high | EconMatters | Scoop.it
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Ghana Sends Plane Carrying $3 Million+ In Cash to Prevent Forfeit Against Portugal in World Cup

Ghana Sends Plane Carrying $3 Million+ In Cash to Prevent Forfeit Against Portugal in World Cup | EconMatters | Scoop.it
After reports leaked from the Black Stars training camp yesterday that Ghana's players planned on forfeiting tomorrow's pivotal match against Portugal due to not being paid for their performances yet, Ghana's President John Dramani Mahama (pictured above) has intervened to make sure everything is under control. “The players insisted that they will want physical cash,”…
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

US to Export Oil For the First Time in 40 Years!

US to Export Oil For the First Time in 40 Years! | EconMatters | Scoop.it
The Obama administration made a major ruling today that could have a major impact on oil companies going forward. For the first time in 40 years, two companies will be allowed to ship unrefined oil overseas: Enterprise Products Partners LP (EPD) and
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Oil Drops as Iraq Violence Seen Sparing Crude Supplies

Oil Drops as Iraq Violence Seen Sparing Crude Supplies | EconMatters | Scoop.it
Brent crude traded near its lowest in a week and West Texas Intermediate slipped amid speculation that Iraqi oil production won’t be disrupted by violence in OPEC’s second-largest producer.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

China Imports of Pipeline Natural Gas Rise to Record High in May

China’s natural gas imports via pipeline rose to a record high last month as the government sought to diversify its supply sources for the fuel.
more...
No comment yet.