Oil falls as U.S. output climbs and energy demand concerns linger

Oil futures declined Thursday, pressured by recent data showing a weekly climb in U.S. crude production, as concerns over a slowdown in energy demand from China lingered. West Texas Intermediate crude for February delivery CLG9, -0.86% fell 70 cents, or 1.3%, to $51.61 a barrel on the New York Mercantile Exchange, a day after posting a modest gain of 0.4%. March […]

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Stocks and bonds have gone their separate ways but could they be getting back together?

Over the years, the bond market has shown itself to be a fickle suitor, pursuing relationships with an array of assets and asset classes. Some of those relationships have proven to be meaningful and long-lasting (with the U.S. dollar and industrial commodities, for example), while others have been short-lived (soybeans) and frivolous (freight-car loadings). But none has proven to be […]

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U.S., NY sue Sterling Jewelers over credit financing practices

NEW YORK (Reuters) – The U.S. Consumer Financial Protection Bureau and New York’s attorney general on Wednesday sued Sterling Jewelers Inc, accusing the unit of Signet Jewelers Ltd of improper credit financing practices. Sterling was accused of submitting credit applications and causing credit cards to be issued without consumers’ knowledge or consent, misrepresenting credit financing terms and conditions, and enrolling […]

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US weekly jobless claims unexpectedly fall

Economy added 312K jobs in December FBN’s Edward Lawrence breaks down the December jobs report. The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy. Continue Reading Below Initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 213,000 for the week […]

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Mortgage rates stay subdued, bringing relief to slumping housing market

Americans flocked to line up financing for home purchases as rates for home loans remained favorable, suggesting the recent housing downturn may be easing. The 30-year fixed-rate mortgage averaged 4.45% in the January 17 week, mortgage guarantor Freddie Mac said Thursday. That was unchanged during the week, and still at a nine-month low. The popular product hasn’t managed a gain […]

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Beige Book Signals Continued Economic Growth But Drop In Optimism

Economic activity has continued to increase in most of the U.S., according to the Federal Reserve’s Beige Book released Wednesday afternoon, although the report also hinted at a deterioration in optimism. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, said eight of the twelve districts reported modest to moderate growth. With several […]

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5 Huge Industries That Will Be Hurt by Government Shutdown

The government’s partial shutdown will hurt some parts of the economy much more than others. The 800,000 government employees out of work are not among the richest Americans but mostly middle class. Since the effects of that many people without paychecks and a drop in government purchases are both significant parts of the economy, a portion of the gross domestic product […]

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