News Portal

US added 216,000 jobs in December, blowing past expectations

The U.S. added 216,000 jobs and the unemployment rate held steady at 3.7 percent in December, according to new data released Friday by the Bureau of Labor Statistics, closing the books on a year of remarkable economic resilience. The jobs report bookends a surprisingly strong year that largely that interest rate hikes intended to bring down inflation would trigger a recession and drive more people out of work. The December jobs gain beat expectations from economists, who projected the US to add roughly 170,000 jobs last month, according to consensus estimates. December also extended the longest stretch the unemployment rate has…

Walters: How will California respond to the home insurance market meltdown?

While Gov. Gavin Newsom and state legislators wrestle with a this year, a few blocks from the Capitol another crisis that could have far more impact on California families will be playing out. Ricardo Lara, California’s insurance commissioner, will be trying to dissuade companies that provide insurance coverage to millions of homeowners from fleeing the state. Citing heavy losses from disastrous wildfires and the potential for more destruction in the future, the largest insurers, such as State Farm and Farmers, . As a result, many homeowners in fire-prone regions have been forced into the state’s last ditch insurance plan, , which…

Notice of Reverse Share Split

Loading... Loading... WALNUT CREEK, Calif. , Jan. 5, 2024 /PRNewswire/ -- United States Natural Gas Fund, LP ("UNG") announced today that it will execute a one-for-four reverse share split that will be effective for holders of UNG shares ("Shareholders") after the close of the markets on January 23, 2024 . Shares of UNG will trade at their post-split prices on January 24, 2024 . UNG's ticker symbol, "UNG", will not change, and shares of UNG will continue to trade on the NYSE Arca. UNG's new CUSIP number will be 912318 409. UNG will execute a one-for-four reverse share split effective after the close of the markets on January 23,…

'It isn't difficult to get on the housing ladder at the moment,' says knighted…

'It isn't difficult to get on the housing ladder at the moment,' says knighted bank boss Natwest chairman Sir Howard Davies was speaking on BBC 4's Today He told house hunters that they 'will have to save more' to achieve their goals By Myra Butterworth Updated: 12:39, 5 January 2024 e-mail View comments The boss of one of the 'big four' banks has come under fire after saying it 'isn't that difficult at the moment' to get onto the property ladder. NatWest chairman Sir Howard Davies was speaking on BBC 4's Today radio programme after being asked by the show's presenter Amol Rajan about Britain's housing market. Mr Rajan asked: 'When…

Oil Prices Rise on Middle East Tensions

LONDON—Oil prices gained on Friday, as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening. Brent crude futures were up 44 cents, or 0.57 percent, to $78.03 a barrel, while U.S. West Texas Intermediate crude futures rose 57 cents, or 0.79 percent, to $72.76 at 1032 GMT. At its intra-day peak, the WTI futures contract traded more than $1 above previous close. Both benchmarks are on track to end the first week of the year higher, having almost recouped their losses from Thursday after hefty U.S. gasoline and distillate stock builds. The price rebound…