ECONOMY & MARKETS

Wall St Falls As Rate Hike Fears Overshadow Strong Jobs Data

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U.S. stock indexes fell for a second straight day on Friday, with elevated Treasury yields dragging down growth shares, after stronger-than-expected jobs data fueled investor worries of aggressive interest rate hikes to tame surging inflation.
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Wall Street Eyes Lower Open After Fed-driven Rally

U.S. stocks were set for a lower open on Thursday, a day after the Federal Reserve's less aggressive tone sparked a rally on Wall Street, with investors keeping an eye out for jobs data this week for more clues on future rate hikes.
Uniper logo is seen in this illustration taken, May 1, 2022.

Germany Ramps Up Capacity For LNG Imports To Replace Russian Gas

Germany took steps to ramp up liquefied natural gas (LNG) imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units (FSRUs) and choosing the North Sea port of Wilhelmshaven as the first handling hub.
A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

Why NOPEC, The U.S. Bill To Crush The OPEC Cartel, Matters

A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cuts that raise global crude prices.

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