Oil Prices on Course for a Weekly Gain as Economic Optimism Returns – OilPrice.com
Crude oil prices are on track to post a weekly gain early today as optimism returned to the oil market following several better-than-expected reports on the US economy. One of them was a report of retail sales in July, which rose 1% compared to the expected 0.3% increase, Reuters reported. ReportedThe increase was more notable […]
Retail Sales Snuff Out Economic Disaster Fears
Retail therapy for an anxious market Someone appears to have forgotten to tell American consumers that interest rates are so restrictive that they risk plunging the U.S. economy into recession. The Commerce Department said Thursday Retail sales increased 1% in July.That was the biggest monthly increase since January 2023. It was well above the 0.3% […]
Biden says Harris ‘not going to’ distance herself from his economic policies
President Biden has insisted that Vice President Kamala Harris will not distance herself from his economic policy agenda. There have been reports circulating that Democratic presidential candidates are trying to distance themselves from the Biden administration’s policies, which officials say are so unpopular that it could backfire. “How troubled are you that Vice President Harris […]
Republicans, Economist slam Harris plan to lower food prices: ‘Economic lunacy’
Vice President Kamala Harris’ plan to give the federal government broad powers to control food and grocery prices was roundly criticized Thursday by Republican lawmakers and economists, who called it “big government on steroids” and “economic madness.” The 59-year-old Democratic presidential nominee’s economic platform calls for “the first federal ban on price gouging on food […]
Kamala Harris Discusses Economic Equity While Appearing to Wear a Necklace Worth 370% More Than the Median U.S. Monthly Salary
Democratic presidential candidate Vice President Kamala Harris, while appearing to wear a necklace worth about 370 percent more than the median monthly salary in the United States, chose to discuss economic “equality” with her running mate, Minnesota Governor Tim Waltz, rather than with reporters. In one video of their discussion, Harris asked Waltz to talk […]
Stock market today: Dow soars 555 points as strong economic data calms recession worries – Markets Insider
Stock indexes recorded big gains on Thursday, with the Dow Jones Industrial Average rising 555 points as investors digested new strong data. Newly released data showed retail sales rose 1% in July, beating analysts’ expectations of a 0.3% increase. The number of unemployment insurance claims filed last week was 227,000, down 7,000 from the previous […]
Doocy Asks Biden If He Is Bothered By Kamala Harris Distancing Herself From His Economic Policies
Fox News White House correspondent Peter Doocy on Thursday asked President Joe Biden whether he was troubled by Vice President Kamala Harris’ reported plans to distance herself from the president’s economic policies. The vice president plans to reshape his image ahead of the 2024 election by highlighting the divide between him and Biden on economic […]
Equities Rally as Economic Data Boost Sentiment: Markets Wrap – Yahoo Finance
(Bloomberg) — Japanese and Chinese stocks followed Wall Street’s gains as investors cheered a string of upbeat economic data from the world’s three largest economies. Most read articles on Bloomberg Japan’s Topix index and China’s CSI 300 index rose along with European and U.S. stock futures, with U.S. stocks extending Wednesday’s gains. The moves signaled […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Harris Will ‘Build On’ Biden Economic Record It’s ‘Frustrating’ People Don’t Credit Him For
On CNN’s “Inside Politics” Monday, Sen. Debbie Stabenow (D-Mich.) said she was “frustrated” that voters aren’t giving President Joe Biden enough credit for his economic performance, “but I think people have been through some really hard times recovering from the COVID pandemic. It’s been really hard and, frankly, they’ve seen some price gouging.” And Vice […]