Tag: economy

Business

China launches an antitrust probe into Google

China announced retaliatory measures against the U.S., including tariffs on coal, LNG, and crude oil, along with an antitrust probe into Google. Two U.S. firms were placed on China’s unreliable entity list, restricting their investments in the country. Google’s history in China dates back to 2006, but it shut down its search engine there in 2010 due to censorship concerns. Beijing later blocked all Google … Continue reading China launches an antitrust probe into Google

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Business

U.S. crude oil jumps more than 3%, closes above $77 

U.S. crude oil prices surged over 3% on Monday amid heightened tensions surrounding a potential Israeli strike on Iran following Tehran’s ballistic missile attack. Last week, oil prices experienced significant gains, with West Texas Intermediate rising 9.09% for its largest weekly increase since March 2023, and Brent crude up 8.43%, marking its biggest advance since January 2023. President Biden has urged Israel to refrain from … Continue reading U.S. crude oil jumps more than 3%, closes above $77 

Unknown's avatarbcbegley
Business

US adds 254K jobs in September

September’s strong payroll growth has lifted the U.S. economy out of recession fears, providing the Federal Reserve with a favorable outlook for achieving a soft landing. The addition of 254,000 jobs surpassed expectations and marked a significant rebound from previous trends of slowing job growth, easing inflation concerns and allowing for declining interest rates. This positive momentum has boosted confidence in sustained economic strength, with … Continue reading US adds 254K jobs in September

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