• September 3, 2024

Economic headwinds, light shipments weigh on ArcBest in August

Lower shipment weights and the loss of some project freight won in the early days of Yellow Corp.’s wind-down a year ago weighed on metrics at ArcBest’s asset-based unit...

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• September 3, 2024

Benchmark diesel price drops a little; oil futures markets drop a lot

Oil markets are in the middle of a major downward rout, and the weekly retail diesel benchmark price used for most fuel surcharges is having trouble keeping up with the ...

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• September 3, 2024

Brazilian Oil Giant Petrobras Taps Global Markets for Dollar Bond Sale

(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA tapped global bond markets to borrow $1 billion, joining a wave of sales by other emerging-market companies and governmen...

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• September 3, 2024

Emerging-Market Assets Drop as Investors Wait for Fed Rate Clues

(Bloomberg) -- Emerging-market assets fell for a second day amid a rout in commodity prices and with traders focused on a slew of economic data that will provide more clues on the Federal Reserve’s ...

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• September 3, 2024

Stock market today: Markets headed for losses at open ahead of key US jobs report later this week

Wall Street was poised to open with losses Tuesday, kicking off a holiday-shortened week that features another hefty slate of earnings and the government's latest jobs report. Futures for the S&P...

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• September 3, 2024

Brazil Economy Soars Past All Forecasts as Bets on Interest Rate Hikes Grow

(Bloomberg) -- Brazil’s economy grew much more than expected in the second quarter, powered by strong consumer spending, raising the prospect of interest rate hikes in the near future. Gross dome...

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• September 3, 2024

Stock market today: Dow futures stumble to start September as crucial jobs report lies ahead

US stock futures fell on Tuesday to kick off a historically tough month for markets, as attention turned to a week of labor data highlighted by a crucial monthly jobs report. Dow Jones Industri...

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• September 3, 2024

Oil Drops With Weak Chinese Demand Overshadowing Libya Outage

(Bloomberg) -- Oil fell as Chinese demand concerns outweighed supply disruptions in Libya. Global benchmark Brent dropped below $76 a barrel and West Texas Intermediate traded near $72. A further...

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• September 3, 2024

Fed policymakers agree on need for rate cuts, but their reasons vary

By Ann Saphir and Howard Schneider (Reuters) - As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting. By...

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• September 3, 2024

US Jobs Data Return to Center Stage as Fed Mulls Rate-Cut Size

(Bloomberg) -- With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be. Monthly US employment data due Friday will p...

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