Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy
The S&P 500 is down roughly 8% for the month and doesn’t look particularly well-positioned for bulls seeking stocks to buy. Nevertheless, doesn’t inherently mean stocks should be avoided.
Oil production from Russia, the United States and Saudi Arabia reached 33 million barrels per day (bpd) for the first time in September, Refinitiv Eikon data showed. That is an increase of 10 million bpd since the start of the decade and means the three producers alone now meet a third of global crude demand.
StockMarketNews.Today – The U.S. this year has already imposed tariffs on $250 billion in trade with China. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25 percent on Jan. 1. Trump has also threatened to impose tariffs on the remaining goods imports from China, which last year were worth $550 billion.
StockMarketNews.Today – “In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins,” said Frank Fannon, assistant secretary in the energy bureau of the U.S. state department. “What this means in the near-term is that the United States may double production, double export capacity and introduce new market innovation ” he said at an industry conference in Singapore.
Sam’s Club Now, will rely on the increasingly popular scan-and-go technology.
“At its core, Sam’s Club Now will be a technology lab that doubles as a live, retail club,” said Jamie Iannone, CEO of SamsClub.com
The Commerce Department said on Monday consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.4 percent last month as households bought more motor vehicles and spent more on health care.