U.S. Economy

Thursday’s GDP report expected to show U.S. economy at a crossroads

Business
Jessica Roberts

Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images Economic growth likely slowed to ...

Top Citi strategist says healthier economic growth is coming

Business
Jessica Roberts

Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation ...

Red Sea crisis poses “very real risk” to oil, Chevron CEO says

Business
Jessica Roberts

The Chevron CEO said he was surprised that U.S. crude oil was trading below $73 a barrel because the “risks are very ...

Tanker firms halt Red Sea traffic after U.S. strikes Houthi militants

World
David Turner

An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott ...

CIO calls a new phase in the market, says a ‘healthy’ rotation has begun

Business
Jessica Roberts

Traders work on the floor of the New York Stock Exchange.  NYSE Stock markets have entered a new phase that will involve ...

Why American CEOs quit in record numbers during 2023

Business
Jessica Roberts

American CEOs are leaving their posts in record numbers in 2023. While the “Great Resignation” may be over, it’s just beginning for ...

Mortgage demand slips despite drop in interest rates

Business
Jessica Roberts

House for sale with “For Sale” real estate sign in yard in spring or summer season. No people. Fstop123 | E+ | ...

10-year Treasury yield slip further after Fed’s ‘big shift’

Business
Jessica Roberts

The 10-year Treasury note yield slipped further on Monday, as the final full trading week of 2023 gets underway. Traders continue to ...

Online retailer Temu files fresh lawsuit against rival Shein in U.S.

Business
Jessica Roberts

Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Chinese ...

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Business
Jessica Roberts

Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately ...