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US producer prices held flat in July on a seasonally adjusted basis, the Bureau of Labor Statistics reported Thursday, falling short of economist forecasts for a 0.2% monthly increase. The reading followed a revised 0.1% decline in June and a 0.5% rise in May, …
Whole Foods, owned by Amazon (NASDAQ:AMZN), is recalling select products from its produce and prepared foods departments that contain jalapenos sourced from Coast Citrus Distributors due to potential salmonella contamination. The recall covers more than 40 items, including select salsas, guacamole, pico de gallo, …
For weeks, the oil leaking from the grounded tanker Caroline Bezengi spread largely out of view, drifting across open water while the vessel sat disabled off Oman's coast. That changed this week, as the country's environment agency confirmed the slick has begun making landfall, …
US producer prices are forecast to rise 0.2% month-over-month in July, according to consensus estimates, reversing course after a 0.3% decline in June that was the first monthly drop in producer prices in nearly a year. The data is scheduled for release Thursday at …
Oil prices fell nearly 2% Thursday as investors weighed weaker global demand forecasts against a larger-than-expected build in US crude inventories, even asSupplydisruptions tied to the Strait of Hormuz provided some support for the market. West Texas Intermediate crude fell 1.85% to $81.73 per …
Gold slipped below $4,400 an ounce on Thursday after reaching a ten-week high earlier in the session, as investors adopted a cautious stance ahead of US producer price data for further insight into recent inflation trends. The pullback came a day after data showed …
The US government posted a $432.3 billion budget deficit in July, pushing the fiscal-year shortfall through the first 10 months of the year to nearly $1.8 trillion, according to the Treasury Department's monthly statement. The July deficit was significantly larger than the $291.1 billion …
Top US fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging. Three of the largest US independent oil refiners, Marathon Petroleum, Phillips 66, and Valero …
Ukraine has halted an intense campaign of drone strikes on oil tankers using a critical Black Sea port after a request at the end of last month from US Vice President JD Vance, according to Ukrainian officials. Washington had grown alarmed that Ukraine was …
Individual investors are sitting on a mountain of cash, with more than $3 trillion held in retail money-market funds, hovering around a record high according to the Investment Company Institute, a figure that does not include the trillions of institutional dollars held in similar …
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