Surging Covid-19 cases dampen US consumer confidence, house prices post record gains
WASHINGTON (REUTERS) – US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey […]
ExxonMobil scales back shale ambitions to focus on lower costs, dividend preservation
HOUSTON (REUTERS) – ExxonMobil is lowering its ambitions for oil and gas output, it said on Wednesday (March 3), as it focuses on cutting costs and preserving dividends to win […]
Virus-hit US economy suffers worst showing in 74 years
WASHINGTON • The United States economy contracted at its deepest pace since World War II in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of […]
Wall Street tops new highs on Democrat-driven stimulus hopes
NEW YORK (REUTERS) – Stocks on Wall Street hit record levels on Thursday (Jan 7) as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the US […]