Tag: Breaking News: Economy
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North Sea oil and renewables: The UK’s next PM faces a defining energy policy decision
Andy Burnham could face an early test over North Sea oil drilling as energy shocks revive the UK energy security debate.
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Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported
The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.
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Trump says Council of Economic Advisers head Pierre Yared is leaving
The Council of Economic Advisers has provided the president with information and advice on both domestic and international economic policy since 1946.
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American Airlines brings grab-and-go lounge to New York’s JFK
American Airlines is opening a grab-and-go lounge at New York’s JFK
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Stocks making the biggest moves midday: AeroVironment, Abivax, Astera Labs, Watts Water Technologies & more
Here are the companies making headlines in midday trading.
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Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary
“We’ve got inflation that’s too high, and it’s been too high for the past five years,” Beth Hammack told CNBC’s Sara Eisen.
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How JLL’s investment arm is betting big on industrial real estate
Allan Swaringen, CEO of JLL IPT, is “bullish” on industrial, as new opportunities continue to present themselves and returns are now better than in multifamily.
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Treasury yields steady on June’s final trading day ahead of key employment data
U.S. Treasury yields were little changed as traders awaited JOLTS data, ISM manufacturing and June jobs figures.
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Japanese yen sinks to weakest level since 1986, keeping intervention risks in focus
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities.
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Treasury yields little changed as investors look ahead to key jobs data
U.S. Treasury yields were little changed on Monday as investors looked to key jobs data and monitored a fragile pause in hositilies between the U.S. and Iran.
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