All About Everything

Markets look to the Fed again to build on S&P 500 record as Congress continues to disappoint

The Fed's annual Jackson Hole symposium has gone virtual this year, but investors still look for it to provide insight in the coming week into what the central bank could do to help the economy. The keys may be in the Fed's use of guidance and inflation ...

The Chick's in the Mail? Rural America Faces New Worries With Postal Crisis

The New York Times

The New York Times

Rhiannon Hampson thought she would hear a cacophony of cheeping when she went to her post office in coastal Maine to fetch a delivery of newly hatched chicks. But the cardboard boxes addressed to her poultry farm were silent. "We could hear a few, very ...

Exclusive: OPEC+ needs to offset large May-July oversupply -document

MOSCOW/DUBAI/LONDON (Reuters) - Oil producing countries in the OPEC+ group that pumped above supply targets from May to July will need to slash output by over a million barrels per day for two months to compensate, according to OPEC sources and ...

Euro drops as business recovery stutters in August

LONDON (Reuters) - The euro reversed earlier gains and fell on Friday as an August batch of business surveys pointed to a stuttering economic recovery, although the dollar remained on course for its ninth consecutive weekly decline versus rival currencies.

California Blackouts, Systemic Risk And Lessons From The Financial Crisis

In the past week, California's independent system operator for the state's electric power network (CAISO) resorted to rolling power blackouts in response to spikes in demand that were on the edge of the system's capacity to meet them. The blackouts on ...

UPDATE 1-Sterling touches 1-1/2-month high vs euro after strong data

ING Think

... * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates with PMI data and fresh prices). By Olga Cotaga. LONDON, Aug 21 (Reuters) - The British pound rose to a 1-1/2-month ...

Lowe's, Oracle, American Airlines: Stocks That Defined the Week

Wall Street Journal

Wall Street Journal

Lowe's Cos LOW 1.98% . Americans are turning into fixer-uppers during the pandemic as they spend less on vacations and gyms, giving Lowe's and Home Depot a boost. Revenue surged at the home-improvement retailers as sales to do-it-yourself ...

FOREX-Dollar rises, euro falls as global turbulence grows

Foreign Policy

... * Dollar rises, as euro falls after weak PMI data. * Canadian dollar little moved despite stellar retail sales. * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E (New throughout; changes dateline, previous LONDON). By Kate Duguid. NEW YORK, Aug 21 ...

What to watch today: Wall Street under pressure heading into Friday trading

U.S. stock futures dropped Friday morning, one day after Wall Street closed higher as strength in tech stocks offset concerns about weekly initial jobless claims rising back above 1 million. The Nasdaq saw the biggest gains of over 1% and another record high.

From Near Death With Chatbots To New Life In E-Commerce, Octane AI Raises $4.25 Milliont

A startup that builds conversational commerce tools for brands has raised $4.25 million to help build its presence in the growing world of e-commerce. The funding for Octane AI, announced today, was led by Bullpen Capital along with participation from ...