Home Construction Spending Drops
For the fourth straight month, construction spending on single family homes dropped in July as investors fear a serious slump in the housing market has begun. Single family home construction…
Exxon To Sue To Exit Russian Project, Gazprom Has Record Profits
The Wall Street Journal reported that according to sources, ExxonMobil has threatened to sue the Russian government unless it is allowed to exit the Sakhalin oil and gas project. In…
Snap To Layoff 20% of 6,446 Employees
Snapchat parent Snap is laying off approximately 20% of its over 6,400 workers, according to sources. In a report by The Verge, sources said the layoffs, which will begin Wednesday,…
Manufacturing Reports Come In Mixed
Surveys on new orders for products of US manufacturers are conflicted, either showing expansion, or a third straight month of contraction. The more widely followed survey, the Institute for Supply…
August Jobs Report Expected Hot, Ignites Fed Fears
The August jobs report is coming at 8:30 a.m. ET Friday, and analysts expect it is going to come in hot with broad-based hiring across many sectors, and that may…
