Latest Market News
President Joe Biden is scheduled to deliver remarks at 11 a.m. Eastern on a tentative deal by rail companies and unions to avert a strike, the White House said Thursday. Biden and Labor Secretary Marty Walsh announced a deal early Thursday in separate statements. A strike could have worsened inflationary pressures. The deal will go […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 77 billion cubic feet for the week ended Sept. 9. That compared with the average analyst forecast for an increase of 69 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]
Businesses boosted inventories, or products waiting to be sold, rose by 0.6% in July in a sign the economy was growing steadily over the summer. Economists polled by The Wall Street Journal had forecast a 0.6% increase. Rising inventories adds to gross domestic product and usually reflect an expanding economy. The government said sales fell […]
United States Steel Corp. X, -1.30% shares rose about 1% in premarket trades, rebounding from an 8.6% loss in the previous session. The company said Thursday it expects third-quarter adjusted earnings of $1.90 a share to $1.95 a share. Analysts surveyed by FactSet currently expect earnings of $2.09 a share. “We expect to deliver a […]
The Australian dollar against the US dollar continues falling. The current quote is 0.6742. After a crash on Tuesday, the Aussie has somewhat stabilized but sellers are still prevailing. As morning statistics demonstrated, the unemployment rate in Australia in August grew to 3.5% against 3.4% in July, while no changes had been expected. The number […]
Lavoro Ltd., a Brazil-based agricultural inputs retailer, will go public in the U.S. after agreeing to be acquired by special purpose acquisition company (SPAC) TPB Acquisition Corp. TPBA, +0.82% in a deal with an implied enterprise value of $1.2 billion. The deal it expected to close in the fourth quarter of 2022, with the new […]