U.S. crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran. Exports of U.S. oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels…
Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse. The humble bean was the poster child of Trump’s first tariff spat with China, with American shipments to the world’s top buyer of the commodity tumbling 79% in the first two years…
New York – Wall Street is quiet on Tuesday, and U.S. stock indexes are drifting in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 was virtually unchanged, a day after pulling back from its latest all-time high. The Dow Jones…
New York – U.S. stocks are kicking off December by drifting around their record heights on Monday. The S&P 500 rose 0.2% in midday trading after closing its best month of the year at an all-time high. The Dow Jones Industrial Average was down 103 points, or 0.2%, as of 11:30 a.m. Eastern time, and…
Damian J. Troise New York – Stocks rose in morning trading on Wall Street Friday, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% and is solidly on track for a weekly gain that will erase most of last week’s loss. The Dow Jones Industrial Average…
The big bump Wall Street got from last week’s presidential election and cut to interest rates keeps fading, and U.S. stocks are falling again Friday as they head for a losing week. The S&P 500 fell 1% in morning trading and was heading for its worst loss since before Election Day. The Dow Jones Industrial…
New York – U.S. stocks are drifting Thursday as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 was virtually unchanged in early trading and still near its all-time high set on Monday. The Dow Jones Industrial Average was up 41 points, or 0.1%, as of 9:50 a.m. Eastern time,…
New York – U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 rose 0.3% in afternoon trading, coming off its first loss since before Election Day last week. The Dow…
New York – U.S. stocks are rising Monday and adding to the gains made during their best week of the year. The S&P 500 was up 0.3% in early trading, coming off a 4.7% spurt last week spurred by Donald Trump’s presidential victory and a cut to interest rates by the Federal Reserve to bolster…
New York – U.S. stocks are mixed on Thursday ahead of the Federal Reserve’s announcement coming in the afternoon about what it will do with interest rates. The S&P 500 was up 0.4% in early trading, though momentum slowed sharply from its surge a day before following Donald Trump’s presidential victory. The Dow Jones Industrial…