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Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
New Permian wells delivering high output at 433,000 barrels per day
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
North America continued to see an increase in data center pricing during the first half of the year albeit at a slower rate than last year
Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July
Exploration and development spending last year saw a 28 percent increase to $93.1 billion
The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent
Fed rate cut likely as inflation continues to decline
Foreign carriers operated only 60 percent of pre-pandemic flights to China last month
The company's capital expenditure reached $2.25 billion in the second quarter
Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million
Government data last week showed the layoffs rate in June was the lowest in more than two years
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period
Goldman Sachs analysts have increased their 12-month U.S. recession odds by 10 percentage points to 25 percent
Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months
Booking.com will appeal the "unprecedented" decision, arguing it offers valuable programs to support accommodation partners
The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile
The U.S. eclipsed the $34 trillion threshold in early January 2024
In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries
The solid growth is driven by resilient consumer spending and business investment
Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election
