Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
Crude oil rose on Wednesday, pushing U.S. oil to a sharply higher close, as it appeared Congress was close to an 11th-hour deal to raise the government's debt ceiling and prevent a default.
The U.S. government shutdown and fiscal deadlock have roiled financial markets and spurred worries about energy demand in the world's largest oil consumer.
Major U.S. stock indices rose and the U.S. dollar was also higher as a senior Democratic aide said the Republican-led House of Representatives was expected to pass a bipartisan fiscal bill inked by the Democratic-led U.S. Senate. U.S. House Republicans were expected to hold a private meeting at 3 p.m. to discuss the Senate's fiscal plan.
Brent crude for November, which expires on Wednesday, was up $1 per barrel to $111.00. The previous session, Brent fell $1.14. Brent's premium over U.S. oil has remained between the 10- and 200-day moving averages of $7.62 and $10.04 for the last seven sessions and was last trading at $8.32 per barrel.
The U.S. oil benchmark settled up $1.08 at $102.29. On Tuesday, it fell $1.20. On Friday, the November U.S. oil futures contract lost its premium over December futures , and the gap between the two contracts widened further, by as much as 22 cents.
A second day of talks between six world powers and Iran over Tehran's nuclear program built hope for an end to a decade-long standoff. Still, analysts said any increase in supply from Iran will be a long way off if sanctions are lifted.
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