Category: Industry

US Stocks Close Slightly Lower

– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.

The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points, while the Nasdaq Composite los…

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US Crude Inventories Hits Lowest Level Last Week

US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose, the Energy Information Administration (EIA) said.

Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 1…

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