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The number of people who filed for unemployment benefits was 209,000 in the week through Aug. 8, higher than the 204,000 claims expected by economists.
Cleveland Federal Reserve Bank President Beth Hammack on Thursday reiterated her view that the U.S. central bank should raise rates immediately to bring down too-high inflation and restrain business growth and investment.
As the U.S.-Iran war drags on with no end in sight, oil traders and policymakers are grappling with a critical question: are global oil stocks enough to offset what could become the biggest supply disruption on record?
A European Union ban on public funding for utility-scale solar inverters from "high-risk" countries is set to shift the market towards European suppliers, SMA Solar's chief executive said on Thursday.
Quantum Corporation reported better-than-expected Q1-FY2027 results with both revenues and profitability outperforming consensus expectations by a wide margin. Revenues of $80.8 million and Adjusted EBITDA of $8.0 million represented new multi-year highs for the company. Sales would have been even higher without persistent constraints around tape and disk drive availability. As a result, the backlog has increased significantly again.
Megan Horneman, Verdence Capital Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, interest rate outlook, and more.
The U.K. economy has performed better than expected over the summer, with solid growth and an uptick in business investment. That is despite the shadow of the Iran war and closure of the Strait of Hormuz, which threaten a sharp uptick in inflation and could drag on growth.
Saudi Aramco is handling September crude allocations to some of its Asian term customers on an ad hoc basis after Middle East hostilities disrupted the kingdom's exports, three sources familiar with the matter said.
Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July. He speaks on "Bloomberg Surveillance.
I downgraded MSDL to a hold last month. Now, MSDL has just shared its results for Q2 2026. And I think its problems got even worse. I see even weaker dividend coverage, further drop of NAV, and doubled non-accruals.
US customs officials are being overwhelmed by countries that are helping China avoid tariffs, White House trade adviser Peter Navarro says. He says the Trump administration is using artificial intelligence to help catch countries that are part of China's transshipment network.
The consortium behind Open USD is not competing on demand. It is competing on who keeps the reserve income.
Candle Lake has offered to buy Swedish online casino provider Evolution for about 131.7 billion Swedish crowns ($13.8 billion), or 695 crowns per share, the investment firm owned by billionaire Kenneth Dart said on Thursday.
The oil market has shifted from a demand-driven to a supply-driven regime, triggering extreme price volatility and rapid inventory depletion. The 2026 Strait of Hormuz crisis has halted 27% of global crude flow.
Google (GOOG/GOOGL) is intensifying efforts to advance Gemini AI, emphasizing faster model development and monetization under new leadership. Sergey Brin is pushing for recursive self-improvement in Gemini, aiming for compounding performance gains in each AI iteration.
