Economy

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov | Bloomberg | Getty ImagesUpcoming sanctions on Russian oil are set to be "really disruptive" for energy markets if European nations fail to set a cap on prices, analysts warned.The 27 countries of the…

NEW YORK (AP) — U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at big and small…

Commercial and residential buildings in the Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022.Akio Kon | Bloomberg | Getty ImagesAsia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves…

On today's episode of Morning Brief, Hosts Seana Smith and Madison Mills analyze the market open and discuss some of the biggest stories of the trading day.All three of the major indexes (^DJI,^GSPC, ^IXIC) opened slightly lower on the last trading day of the third quarter. While September is a historically weak month for stocks, markets are on…

Investing.com -- A raft of incoming data this week is expected to bolster hopes for a so-called "soft landing" in the US economy, according to analysts at Bank of America. Highlighting the economic calendar this week will be the latest US nonfarm payrolls report, which may offer a glimpse into the health of the labor market. In a note to clients…

UK claimant count change arrived at -43.3K in December. The unemployment rate in the UK dropped to 4.1% in November. The UK wages excluding bonuses fell to 3.8% YoY 3.8% expected. The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate surprised markets to the upside, by arriving at…

Diners bathe their feet at a riverside restaurant in Nonthaburi. Several restaurateurs are struggling to access financing.  Nutthawat Wichieanbut…

UK business confidence has dropped to its lowest level since the general election, as firms grow more pessimistic about the economic outlook.Amid fears that the Labour government’s warnings of a tough budget in October have hurt the economy, the latest Lloyds Bank Business Barometer has found that business optimism weakened this month to its…

Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024.Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in…

Equity Group Investments founder and chairman Sam Zell provides his outlook on the housing market and analyzes the Fed's inflation strategy on 'Cavuto: Coast to Coast.' Equity Group Investments founder and chairman Sam Zell voiced his disapproval of the Fed's inflation strategy Thursday, telling "Cavuto: Coast to Coast" that Jerome Powell…