Tag: Commodities

U.S. factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.Data firm IHS Markit said on Friday its flash U.S. manufacturing PMI increased to 61.5 in the first half of…

The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve net-zero emissions.

Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.

Drillers in New Mexico have set aside only a tiny fraction of the money they will eventually need to clean up their wells, pipelines and other infrastructure in the state, leaving taxpayers at risk of footing some of the balance, according to a study published on Thursday.Concerns are growing about who will pay for the…

Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as they beat analysts’ expectations.

The number of confirmed coronavirus cases in Germany increased by 12,298 to 3,626,393, data from the Robert Koch Institute (RKI) for infectious diseases showed on Thursday.

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Updates throughout)

Oil prices fell for a second day on Wednesday on the potential of Iranian supply returning and as investors sold on speculation that inflation fears might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.U.S. West Texas Intermediate (WTI) crude futures dropped 73 cents, or 1.1%, to $64.76 a barrel…

Home Depot Inc (HD.N) on Tuesday reported a bigger-than-expected 31% jump in quarterly same-store sales, allaying concerns that the top U.S. home improvement chain would see pandemic-fueled demand easing as vaccinations gather steam.The company’s blue-chip stock rose 2.5% in pre-market trading, set to add to the over 20% gains this year.The last 12 months have…

When California stripper Brittney, 26, walked into San Francisco’s reopened Gold Club stripping venue again in April after a year, she was confronted with masked-up dancers and just a clutch of patrons.“My heart just sank. This is just so, so sad,” said Brittney, who asked that her last name not be disclosed to protect her…