Latest

US extends hiring cooldown while unemployment highest since 2021
US extends hiring cooldown while unemployment highest since 2021

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts. The jobless rate rose to 4.3 percent, the highest level since October 2021, according to government data.

ExxonMobil profits up after Pioneer deal, Chevron earnings dip
ExxonMobil profits up after Pioneer deal, Chevron earnings dip

US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil and gas output during the quarter.