By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China. futures rose $2.47, or 3.4%, to settle at $75.67 a barrel, while U.S. West Texas Intermediate (WTI)…

By Sameer Manekar (Reuters) – Investors cut back short bets on emerging Asian currencies as most local central banks maintained their hold stance on interest rates, but remained in bearish territory for Malaysian ringgit and China’s yuan, a Reuters poll showed on Thursday. Since all the 10 poll responses were…

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. The central bank also reiterated its view that inflation…

Given the runup in AI-related valuations, separating the real deal from companies that are merely AI wannabes is critical. The first few things to consider are, will this company see revenue from AI and, if so, how soon. Although many AI stocks will not report enough AI revenue to survive…

We believe that Kimberly-Clark stock (NYSE: KMB) and its industry peer Colgate-Palmolive stock (NYSE: CL) may offer little returns in the next three years. KMB is trading at 2.2x trailing revenues compared to 3.4x for CL. Investors have assigned a higher multiple to Colgate-Palmolive CL stock due to its superior…

America May Now Be in a Youth-Cession: Consumers Over Age 60 Are Propping Up the Economy A big factor in the recent spending patterns is Social Security. Is America going into a recession or not? That depends on who you ask, and how old they are. Consumer households from their…

The Fiscal Responsibility Act of 2023 (H.R. 3746) is a done deal. The federal government avoided a debt default, at least for now. Shortly before President Biden signed the legislation, House Speaker Kevin McCarthy, R-Calif., made an interesting remark. Acknowledging that the new law was a stopgap measure, he proposed…

Like some kind of unstoppable zombie, the idea of a national sales tax has come back to haunt us yet again. Count on it to be a major issue in the 2024 presidential election campaign, as Donald Trump’s campaign runs ads attacking Florida Gov. Ron DeSantis for co-sponsoring national sales tax legislation…

The Powerball lottery jackpot has crept up to a sizable $366 million ahead of Saturday night’s draw, but if you’re lucky enough to win, the amount you actually take home is likely far less.It depends on two factors: the type of payout you chose and the state you live in. For…

President Joe Biden on Saturday marked the first major event of his 2024 reelection campaign with a union rally, highlighting boosts for the middle class through his economic agenda.Biden announced an early endorsement from AFL-CIO, a federation of 60 unions worldwide, representing 12.5 million workers. “I’m proud to be the…