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- Written by Helmholtz Watson
- Category: Central Banks
The Federal Reserve as expected kept rates at 2.25 -.50% as expected after a two day meeting on Wednesday with Jerome Powell as Chairman. Markets had priced in a 93% chance of No Change. Says Labor market remains strong and that economic activity is rising at a moderate rate.
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- Written by TradersCom
- Category: Oil & Energy
Heading into FOMC EIA reported draws in crude and gasoline higher than what API reported. Cushing showed another build with 643k bbls.. US production actually fell for the second week in a row this week in the shale revolution another100k off the record high to 12.20 mbpd.
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- Written by ClemSnide
- Category: Commodities
United States Steel on Tuesday lowered guidance saying will cut production by idling two blast furnaces in the US and one in the EU. $X responded to falling demand for steel from a weakening manufacturing sector. Earnings were also hurt by a coking plant fire and lower Mississippi River barge traffic.
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- Written by Super Harley
- Category: Technology
Domino’s Pizza is having another foray into self-driving pizza delivery, They have partnered with autonomous driving tech startup Nuro in Houton to deliver pizza's to counter a driver shortage and growing demand. Domino'a and Ford ran a pilot self driving projrc in 2017. Who get's the tip?
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- Written by TradersCom
- Category: Oil & Energy
The U.S. took another rig out of service, after taking 11 out of service last week, another 5 down off in the Permian Basin as U.S.oil production came off it's all time high to 12.30 million bpd. US Natural gas rigs fell 5. Canadian natural gas fell 6 and oil rigs rose 10.
