In Q1 2024, the US crossed the historic milestone of paying over $1 trillion on interest payments. As a consequence of an unprecedented $5 trillion money supply boost since 2020, the US experienced an equally rapid inflation rise not…
By Julie Steenhuysen, Tom Polansek(Reuters) -Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy…
Investing.com -- Gold snapped a five-week wining streak Friday, but the yellow metal's bullish run likely isn't over yet as tailwinds including central bank demand have more room to go just as the tide of outflows from gold exchange…
By Georgina McCartneyHOUSTON (Reuters) -Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates…
By Sourasis Bose and Nicole Jao(Reuters) -Oil refiner Phillips 66 (NYSE:) reported a first-quarter earnings miss on Friday, as seasonal maintenance and a renewable fuels conversion project at its Rodeo, California, refinery weighed on…
Investing.com-- Oil prices settled higher Friday, snapping a two-week losing streak after shrugging off dollar strength following in-line inflation data at a time when geopolitical tensions persist. At 14:30 ET (19:30 GMT), rose…
By Sabrina ValleHOUSTON (Reuters) -U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in prices compared with a year ago.Results at oil and gas firms are still retreating from record levels…
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use.In an…
Yesterday’s first-quarter report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US Treasury yields rose. At first glance, the risk-off response looks…
By Sabrina ValleHOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower prices offset volume gains. Latest results from oil and gas…