Jessica Summers, Bloomberg 11:30 am CST, Wednesday, February 20, 2019 FILE - In this Oct. 9, 2018, file photo, an oil rig and pump jack work along the roadside of FM 1788 in Midland, Texas. FILE - In this Oct. 9, 2018, file photo, an oil rig and pump jack work along the roadside of FM 1788 in Midland, Texas. Photo: Jacob Ford, Associated Press Photo: Jacob Ford, Associated Press Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Oct. 9, 2018, file photo, an oil rig and pump jack work along the roadside of FM 1788 in Midland, Texas. FILE - In this Oct. 9, 2018, file photo, an oil rig and pump jack work along the roadside of FM 1788 in Midland, Texas. Photo: Jacob Ford, Associated Press … [Read more...] about Oil near $56 amid expectation of fifth U.S. crude inventory rise
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Ian Thibodeau The Detroit News Published 12:01 AM EST Jan 14, 2019 Passenger cars aren't relics for every automaker — look no further than what is expected to debut at the Detroit auto show this week. Volkswagen AG will roll out a new Passat sedan. Hyundai Motor America is expected to debut an Elantra variant. Subaru will premiere a zippy new WRX STI. Lexus will unveil a new RCF track-edition. And Toyota is using the Detroit show to bring back the Supra. And Detroit's Big Three? It's all trucks and SUVs, as General Motors, Ford and Fiat Chrysler increasingly abandon the sedan and small-car markets for what they see as more profitable, in-demand vehicles. The market for sedans is shrinking, but the cars will still make up around 30 percent the U.S. new vehicle market once the dust settles, experts and analysts say. And industry leaders outside the U.S. are angling to scoop up buyers who decide they don't want a new crossover … [Read more...] about U.S. carmakers aren’t interested in sedans. That’s OK with competitors
U.S. financial markets were poised to rise Monday after President Donald Trump and Chinese President Xi Jinping agreed to a truce in the countries' ongoing trade war. Mr. Trump agreed to hold off on a sharp hike in tariffs on Chinese imports that had been scheduled to take effect Jan. 1. In return, the People's Republic committed to buy more American farm, industrial and energy goods and tighten restrictions on sales of fentanyl, among other concessions. The U.S. will postpone until March 1 a plan to raise tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent, with Washington set to resume talks with Beijing in hopes of a longer term deal on trade. "This agreement at least postpones further escalation in the trade war, avoiding an outcome that would have roiled financial markets," Eurasia Group analysts wrote in a research note. "That appears to have been a key consideration for Trump, who became more open to a deal as US stock markets … [Read more...] about Stocks set to rise after U.S., China cool trade tensions
The Centers for Disease Control and Prevention calls cigarette smoking “the leading cause of preventable disease and death in the U.S., accounting for over 480,000 deaths per year.” The CDC just announced that smoking rates among U.S. adults have fallen to the lowest level ever recorded – only 14 percent, less than a third the rate just 70 years ago. While this decline is remarkable, it also points to a puzzle: How did smoking rates ever get so high in the first place? November is Lung Cancer Awareness Month, which provides a timely opportunity to review the history of tobacco smoking and its promotion. GETTING CIGARETTES ROLLING Tobacco smoking originated in America around 3,000 B.C. Seafaring traders introduced it to Europe and Asia in the 17th century. One of the first anti-tobacco publications ever issued was King James I’s 1604 “Counterblaste to Tobacco,” in which he condemns the practice as “loathsome to the eye, hatefull to the nose, … [Read more...] about Smoking rates in U.S. have fallen to all-time low, but how did they ever get so high?
A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 600 points off the Dow and sending the tech-heavy Nasdaq composite down nearly 3% into a slight loss for the year so far. Apple, Amazon and other big tech names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. The Dow Jones industrial average fell 2.3 percent, or 601 points, to close at 25,387 The broader S&P 500-stock index dropped 2 percent, while the Nasdaq slid 2.8 percent. The Russell 2000 index of smaller companies gave up 1.5 percent. Bond trading was closed for Veterans Day. "Tech is definitely weighing [on the market]," said Lindsey Bell, investment strategist at CFRA. "The question really is growth. We continue to like tech going into next year, but we think it could be a little bit of a rocky period for the group as we continue through the last two months of the year." Apple tumbled 5 percent to $194.24 … [Read more...] about Tech giants continue weighing down U.S. stock markets