China’s foreign-exchange reserves fell for a second straight month in September amid U.S. dollar strength. The country’s hoard of foreign exchange stood at $3.029 trillion at the end of September, Read more
Tag: output
Oil up a 4th session, with Brent prices at their highest in a month after OPEC+ agrees to an output cut
Oil futures on Thursday tallied a fourth straight session climb, with global benchmark crude settling at its highest price in a month, a day after OPEC+ agreed to cut production. Read more
Oil prices climb as OPEC+ agrees to a large output cut while U.S. supplies fall
Oil futures headed higher on Wednesday after OPEC+ agreed to reduce output by 2 million barrels a day, and U.S. data revealed a second straight weekly decline in crude supplies. Read more
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central Read more
‘The figures were weak’: Construction spending falls in August, more than Wall Street analysts’ expectations
Outlays for construction projects fell 0.7% in August to $1.78 trillion, the Commerce Department reported Thursday. Wall Street was expecting a drop of 0.2%. Spending in July fell a revised Read more
Micron faces ‘unprecedented’ supply issues, and analysts are split on if the bottom has been hit
Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about Read more
Apple won’t boost production of iPhone 14 due to slower demand: report
Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a new report. Bloomberg News reported Tuesday night that an expected Read more
Apple won’t boost production of iPhone 14 due to slower demand: report
Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a new report. Bloomberg News reported Tuesday night that an expected Read more
If chip production is recovering, why are automakers still making fewer cars?
Automakers trimmed 76,000 vehicles from global production plans in mid-September, according to analysts from AutoForecast Solutions. They’ll produce about 3.23 million fewer this year than planned, the company says. Analysts Read more
‘If the FDA is expected to do more, it needs more’: FDA investigation into baby-formula crisis points to its own shortcomings. But shortages persist.
The Food and Drug Administration spent months probing the nationwide shortage in baby formula, and conducted 40 interviews with more than 60 of its staff and leadership. As shortages still Read more