Category: U.S
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U.S. judge halts Biden administration pause on LNG export licenses (NYSE:LNG)
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lyash01/iStock via Getty Images A U.S. district judge issued a ruling Monday. blocked US President Donald Trump has issued an order banning the Biden administration from approving LNG export applications, and ordered the LNG export ban to be lifted “in full, effective today.” A coalition of 16 Republican-led states, including…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. moves $240m Silk Road Bitcoin to Coinbase
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Bitcoin fell 2% after the US government transferred 3,940 bitcoins seized from a Silk Road vendor. Bitcoin (BTC) has come under selling pressure after the US government transferred $240 million worth of cryptocurrencies to a Coinbase Prime address. Arkham Intelligence said the 3,940 BTC sent to Coinbase were originally seized…
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Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says By Reuters
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Written by Andrew Mills DOHA (Reuters) – Nvidia (NASDAQ:) has signed an agreement to deploy its artificial intelligence technology in data centers owned by Qatari telecommunications group Ooredoo in five countries in the Middle East, Ooredoo’s CEO told Reuters. The agreement represents Nvidia’s first large-scale launch in the region, to…
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Top U.S. regulators find shortcomings in living wills of JPMorgan, BofA, Goldman, Citi
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Editorial LewisTsePuiLung/iStock via Getty Images The Federal Reserve and the Federal Deposit Insurance Corp. said Friday they had identified deficiencies in JPMorgan Chase’s so-called living will plans (New York Stock Exchange: JPM), Goldman Sachs (New York Stock Exchange: A), American bank (New York Stock Exchange: PAC(Citigroup)New York Stock Exchange: CAccording…
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Nearly half of Dell’s full-time workforce in the U.S. has rejected returning to the office. They’d rather work from home than get promoted
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Even months after the technology company Dale The company has pushed its strict return-to-office policy that bars completely remote employees from promotions, and its workers still refuse to return to in-person work. Nearly 50% of Dell’s full-time U.S. workforce and a third of international employees have continued to work remotely,…
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U.S. finds no currency manipulation in 2023, Japan added to monitoring list By Reuters
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WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday that no major trading partner appeared to have been manipulating its currency in the past year, but added Japan to a foreign exchange “watch list,” along with China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list.…
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Topcon Receives Recertification as Great Place to Work for U.S., Adds Spain, Netherlands By Investing.com
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LIVERMORE, Calif.–(BUSINESS WIRE)–Topcon Positioning Systems has announced it has been re-certified as a Great Place to Work® in the United States and has added this award to its locations in Spain and the Netherlands. The award is based entirely on what current employees say about their experience working at the…
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EV startup Fisker’s U.S. units file for bankruptcy By Reuters
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(Reuters) – Electric vehicle startup Fisker, which filed for Chapter 11 protection earlier this week, said its U.S. units also filed for bankruptcy in a Delaware court on Wednesday. Fisker Inc (OTC:) and its other US subsidiaries said they have entered Chapter 11, adding that discussions about selling assets are…
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U.S. East Coast port union strike threat to test shippers’ nerves By Reuters
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(Reuters) – Labor talks at U.S. ports on the East Coast and Gulf of Mexico represent a looming danger for retailers, manufacturers and other shippers already struggling with longer transit times and higher costs. The International Longshoremen’s Association’s contract, which covers 45,000 workers at thirty ports from Maine to Texas,…
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Natural gas surges as weather forecasts see sizzling temps across U.S. (NYSEARCA:UNG)
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Straja/iStock via Getty Images U.S. natural gas futures jumped above $3 to their highest levels in five months on Tuesday, as weather forecasts called for above-average temperatures in much of the country. Forecast from the National Weather Service Much of the country showed hotter than normal temperatures The United States…
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U.S. natural gas pulls back after failing to hold above $3 (NYSEARCA:UNG)
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Straja/iStock via Getty Images US natural gas futures rose above $3 for the first time since November before retreating in another choppy session on Monday, failing to sustain initial strong gains on the prospect of increased demand from hot weather that could further exacerbate the problem. Reduce surplus storage in…
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Week Ahead in FX (June 10 – 14): Fed and BOJ’s Decision on Tap, U.S. And Chinese Inflation Due
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No need to look for a 6’5 guy in finances with a trust fund and blue eyes because you can make yourself rich with all the potential market catalysts we’re telling you about this week! The Fed and Bank of Japan will drop their policy decisions for June, while Uncle…
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U.S. Bancorp forms new Institutional Client Group (NYSE:USB)
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Diverse photography US Bancorp (New York Stock Exchange:USB) has appointed Felicia La Forgia to lead a newly formed unit called the Institutional Client Group (“ICG”), which brings together teams that manage client relationships across regions and sectors. La Forgia previously led U.S. Bancorp’s corporate banking unit. Stephen Phillipson, formerly Head…
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U.S. job openings reach a 3 year low. It’s an employer’s market now
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US job openings fell in April to their lowest level in more than three years, consistent with a gradual slowdown in the labor market. The number of jobs available fell to 8.06 million from a downwardly revised reading of 8.36 million the previous month, the Bureau of Labor Statistics’ Job…
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U.S. ISM Manufacturing PMI Surprised With a Deeper Contraction in May
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The latest round of US manufacturing PMI releases showed a mixed picture, with S&P Global revising its preliminary readings higher while the closely watched ISM PMI showed a deeper contraction than markets expected: S&P Global’s final manufacturing PMI jumped from 50.0 to 51.3 in May (vs. initial 50.9 reading) ISM…
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U.S. home power bills forecast to jump nearly 8% this summer – report (NYSEARCA:XLU)
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Gargolas/iStock via Getty Images Home energy bills in the United States are expected to rise They are rising 7.9% on average this summerTemperatures are expected to reach record levels, according to a study released Monday by the National Energy Assistance Directors Association and the Center on Energy, Poverty, and Climate.…
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Dollar steadies ahead of U.S. growth, inflation data By Investing.com
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Investing.com – The U.S. dollar settled near two-week highs in early European trading on Thursday, supported by rising yields and increasing conviction that the Federal Reserve won’t cut interest rates anytime soon. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51% By Investing.com
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Investing.com – US stocks were mixed after the close on Friday, as gains in , sectors led stocks higher while losses in , sectors sent stocks lower. At the end of trading on the New York Stock Exchange, the index rose by 1.51%, while the index added 0.80%, and the…