Oil firms taking back crude from emergency reserve

Published:

On: Aug 2020

Reportedly, the Department of Energy said that the energy companies have started taking back millions of barrels of crude oil from the United States government’s immediate stockpile after renting stor [...] Read More

Service sector powering extravagantly

Published:

On: Aug 2020

The United States private employers recruited fewer employees than anticipated in July because many companies exhausted loans to help with wages as well as new coronavirus infections gained across the [...] Read More

Many people filed for jobless benefits for the first time

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On: Aug 2020

Just under the 1.2 million people filed for the jobless benefits for the very first time previous week, a huge drop from the last two weeks but still the 20th straight week for claims more than one mi [...] Read More

Economy observes sharpest downturn in decades

Published:

On: Aug 2020

Reportedly, the US economy decreased at a 32.9 percent annual rate between April and June because the country hampered with the lockdowns and spending reductions during the coronavirus pandemic. It wa [...] Read More

Oil prices high on decline in crude stocks

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On: Aug 2020

Reportedly, oil prices increased to their highest level since early March on Wednesday on a huge decline in the United States crude inventories and the weakest dollar, but increasing coronavirus pande [...] Read More

Tech giant registers powerful quarterly earnings

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On: Aug 2020

The US tech giants such as Amazon, Facebook, Apple as well as Alphabet recorded their massive quarterly earnings, just a day after the Congressional antitrust hearing wherein the chief executive offic [...] Read More

Small business ejects money flowed to other companies

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On: Aug 2020

The president of the United States blamed China for the COVID-19 outbreak and the ensuing economic problem, but as the White house plans to stabilize US small businesses, the rescue effort has had an [...] Read More

Republicans release new coronavirus plan

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On: Aug 2020

On Monday, the United States Senate Republicans unveiled a $1 trillion COVID-19 aid package that hindered out with the White House, heading the path for discussions with Democrats on how to help the p [...] Read More

Economic activity gained with largely unresolved outlook

Published:

On: Jul 2020

The Federal Reserve recently stated that the United States economic activity represented the indications of positivity across the nation previous month, but has not moved to its pre-pandemic scale as [...] Read More

Industrial output increased highly in June

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On: Jul 2020

The United States industrial sector observed a major rebound in the last month because businesses started to restart amid the coronavirus epidemic, said by the Federal Reserve, but the increment could [...] Read More

President risk to decouple trade deal

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On: Jun 2020

Inconsistent discussion from the US president Donald Trump’s administrative authority about decoupling American economy from China is operating into a difficult reality that represents the imports of [...] Read More

Oil prices gain as demand upswing

Published:

On: Jun 2020

On Friday, oil prices increased because the indication of fuel demand recovery was controlled in check by a growing number of new COVID-19 cases in the United States of America and China and meanwhile [...] Read More