The US labor market added far fewer jobs than expected in October as weather disruptions and worker strikes weighed on the labor market. Data from the Bureau of Labor Statistics released Friday showed the labor market added 12,000 payrolls in October, less additions than the 100,000 expected by economists. Meanwhile, the unemployment rate held steady at 4.1%. …
Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) beat analysts’ estimates as rising oil production from the Permian Basin helped offset weaker crude prices. Exxon’s third-quarter adjusted profit exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents. That followed mixed results from European rivals Shell Plc, TotalEnergies SE and BP …
Exxon, Chevron beat estimates on higher Permian oil production Read More »
Days before a neck-and-neck presidential race, pump prices — one of the most salient data points consumers use to gauge inflation — are tumbling in key swing states. In Michigan, Wisconsin, Nevada and Arizona, retail fuel prices have fallen at least 20% since the 2022 midterm election, according to the four-week averages of data from …
Pump prices tumble 20% in key swing states ahead of election Read More »
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