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October 18, 2021

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Oil rises on bigger-than-expected draw in U.S. fuel stocks

Reuters
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo API shows U.S. crude stocks up, fuel stocks down for last week U.S. 2021 crude output seen falling more than forecast – EIA OPEC trims 2021 demand f’cast, but says gas price surge may help......

S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag

Reuters
JPMorgan falls, BlackRock gains after earnings Fed minutes hint at tapering from November U.S. consumer prices post solid gain in September Indexes: Dow flat, S&P 500 up 0.3%, Nasdaq up 0.7% NEW YORK, Oct 13 (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in......

Higher inflation squeezing U.S. consumers as food prices, rents accelerate

Reuters
Consumer price index increases 0.4% in September Food, rents account for more than half of the rise Core CPI gains 0.2%; increases 4.0% year-on-year WASHINGTON, Oct 13 (Reuters) – U.S. consumer prices increased solidly in September as Americans paid more for food, rent and a range of other goods, putting......

Meghan Markle and Prince Harry’s Rep Addresses Lilibet Christening Rumors – E! Online

eonline
Baby Lilibet’s christening is already causing a stir online–and it hasn’t even happened yet. Four months after the birth of Prince Harry and Meghan Markle’s daughter,… E! Online – For more and to sign up click here To Return to the Main Aggregate News Page – click here...

Asian shares edgy amid inflation fears, dollar at one-year high

Reuters
Dlr near 3 year high against yen; 1-year high vs basket of peers Oil prices edge lower, but still near multi-year highs Investors waiting for Chinese trade, U.S. CPI figures Most Asian stock markets subdued, Hong Kong closed for typhoon HONG KONG, Oct 13 (Reuters) – Asian shares were on......

Oil nears three-year high on energy crunch fears

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Brent hit $84.60, highest since October 2018, on Monday White House stands by calls for OPEC+ to do more Crude market looks overbought after rally -analyst......

Stocks and bonds reel under stagflation threat

Reuters
LONDON, Oct 12 (Reuters) – A selloff in global stocks extended into Tuesday on signs that soaring energy prices had put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs. Oil prices rose further, with Brent crude at almost $89 a......

Oil settles up 1.5%; hits multi-year highs on surging demand

Reuters
BENGALURU, Oct 11 (Reuters) – Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. Brent crude rose $1.26, or 1.5%, to settle at $83.65 a barrel. The session high was......

Wall Street rises as Big Tech, financials gain

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly Energy stocks hit highest since Jan 2020 Southwest falls on canceling several flights Big banks set to start reporting results from Wednesday Indexes......

Futures dip as oil rally fuels inflation worries

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly Futures down: Dow 0.34%, S&P 0.49%, Nasdaq 0.72% Oct 11 (Reuters) – U.S. stock index futures slipped on Monday as surging commodity prices......

Saudi to supply additional crude to some Asian refiners in Nov -sources

Reuters
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov SINGAPORE, Oct 11 (Reuters) – Saudi Aramco (2222.SE) has agreed to supply additional crude to at least two North Asian buyers in November, while meeting full contractual volumes for three......

Tesla’s move to Texas further mars ESG credentials

Reuters
MELBOURNE, Oct 8 (Reuters Breakingviews) – Texas is a strange place to put an electric-power champion these days, but Tesla (TSLA.O) boss Elon Musk isn’t exactly known for following convention. He just unveiled plans to relocate the company’s headquarters to Austin. The reasons provided don’t add up, and he probably......

School hiring decline, worker shortages curb U.S. job growth in September

Reuters
Nonfarm payrolls increase 194,000 in September Private payrolls rise 317,000; government down 123,000 Unemployment rate falls to 4.8% from 5.2% in August Average hourly earnings increase 0.6%; workweek up WASHINGTON, Oct 8 (Reuters) – The U.S. economy created the fewest jobs in nine months in September amid a drop in......

Oil rises as global energy crunch takes hold

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Oil trades near recent multi-year peaks Global energy crunch shows no signs of easing Fuel switching and demand recovery boosts prices LONDON, Oct 8 (Reuters) – Oil prices......

U.S. job growth seen picking up after Delta setback

Reuters
A sign advertising job openings is seen while people walk into the store in New York City, New York, U.S., August 6, 2021. REUTERS/Eduardo Munoz/File Photo Nonfarm payrolls forecast increasing 500,000 in September Unemployment rate seen falling to 5.1% from 5.2% Average hourly earnings forecast rising 0.4% WASHINGTON, Oct 8......

Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce

Reuters
U.S. Senate rushes to advance $480 bln debt-limit increase U.S. weekly jobless claims fall sharply Consumer discretionary and materials lead sectors Levi Strauss shares soar after profit beat Indexes jump: Dow 0.98%, S&P 0.83%, Nasdaq 1.05% Oct 7 (Reuters) – Wall Street ended sharply higher on Thursday in a broad-based......

Wall Street surges as worries over debt ceiling subside

Reuters
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2021. REUTERS/Brendan McDermid All of the 11 major S&P 500 sectors rise U.S. weekly jobless claims fall; layoffs rise in Sept. Indexes jump: Dow 1.49%, S&P......

Analysis: Fed ready to handle September jobs report with kid gloves

Reuters
Oct 7 (Reuters) – U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserve’s plans to begin reducing its support for......

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