Tag: oil price
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Global stocks fall as oil hits a 3-year high and China’s energy crunch fans fears of inflation
Wang Ying/Xinhua via Getty Images Global stocks fell Tuesday as China's energy shortage hit factories, a risk to the supply of goods. That shortage and a natural gas squeeze helped drive Brent crude's price above $80 a barrel. Soaring Treasury yields were weighing on US stocks, with techs under particular pressure. Sign up here for…
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US stocks edge towards new records after jobless claims fall more than expected
Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink…
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Dow gains 251 points as tech giants rally and stimulus hopes persist
Andrew Burton/Getty Images US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus…