New York CNN Business – Tuesday’s market rally was brief. Stocks opened higher but quickly gave up their gains. A more than 5% drop in oil prices, while welcome news to consumers, led to a big sell-off in energy stocks. The Dow was down nearly 310 points, or 1%. Shares of Chevron (CVX), a component …
Too much for a makeover on Tuesday? Stocks falter again Read More »
Minneapolis CNN Business – US employers aren’t dropping the “help needed” signals just yet, according to new data released Tuesday by the Bureau of Labor Statistics. The number of open jobs unexpectedly rose in July, with about 11.2 million jobs available, slightly above June’s revised total of 11 million, according to the latest Job Opportunity …
The US economy saw more jobs than expected in July Read More »
Hong Kong CNN Business – The Chinese Yuan fell to its lowest level in two years after the hawkish comments of Federal Reserve Chairman Jerome Powell which sent the dollar higher recently. The yuan – also known as the renminbi – It lost about 0.5% against the dollar on Monday in foreign trade outside mainland …