Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month.
Category: Commerce Department
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Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.
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Investors See Hope for a Debt Limit Deal
Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.
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JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors
Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
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Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.
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Commerce Dept. Outlines Its Bid to Fund Cutting-Edge Chip Research
The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.