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(Reuters) – In one of the most optimistic assessments about unlocking U.S. crude exports, the IHS report said gasoline prices would fall some 8 cents a gallon because overturning the ban would pour crude onto oil markets and lower global fuel prices. Government revenues from energy-related taxes and royalties would increase $1.3 trillion from 2016 to 2030. Jobs during that period, in both crude production and at oil field service companies, would rise an average […]
(Reuters) – A slumping housing market and geopolitical tensions risk undermining the U.S. economy and bear close watching by the Federal Reserve, the central bank’s chief said on Wednesday. In testimony to Congress, Fed Chair Janet Yellen repeated her stance that the economy was still in need of lots of support given the “considerable slack” in the labor market. While she offered few new clues on the direction of interest rates, Yellen broke ground in […]
(Reuters) – The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by severe weather. While other data on Thursday showed home sales at a 1-1/2 year low in February, the tight stock of houses on the market that has constrained sales eased for a second straight month, opening the door wider […]
