Texas restaurants sue utility CenterPoint over response to Hurricane Beryl
By Arathy Somasekhar HOUSTON (Reuters) – Restaurants in Houston and nearby regions on Monday filed a class action lawsuit, collectively seeking over $100 million, against U.S. power producer CenterPoint Energy…
US power demand hits hourly record high on hottest day of summer, EIA and LSEG say
By Scott DiSavino (Reuters) – U.S. demand for power hit a preliminary hourly record high on Monday as homes and businesses cranked up their air conditioners to escape a brutal…
Russian farmers fight to salvage harvest as major region cuts forecast
By Sergei Pivovarov and Olga Popova ROSTOV REGION, Russia (Reuters) – Under the sweltering sun and in temperatures of 50 degrees Celsius, farmers in the Rostov region, Russia’s breadbasket, toil…
Oil prices fall amid China demand woes; US retail sales flat
Investing.com– Oil prices fell Tuesday, weighed chiefly by signs of increasing economic weakness in top importer China, which could limit demand in the coming months. At 08:50 ET (12:50 GMT),…
Morning Bid: Powell stirs rate hopes, Trump trade cools
A look at the day ahead in U.S. and global markets from Mike Dolan After a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in…
Roth MKM cuts its oil prices forecast for 2024
Roth MKM trimmed its oil prices forecast for 2024 amid heightened geopolitical risks and declining global oil inventories this summer. The investment bank’s 2024 Crude Oil WTI Futures oil price…
Dollar edges higher on Trump ascendancy; ECB meeting looms
Investing.com – The U.S. dollar edged higher in early European trade Tuesday, climbing away from one-month lows as traders digested the increased chance of former President Donald Trump returning to…
Oil falls on lingering demand concerns in China
By Arathy Somasekhar and Trixie Yap (Reuters) -Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve…
Gold prices rise, close to record highs as rate cut bets mount
Investing.com– Gold prices rose in Asian trade on Tuesday, coming within sight of new highs amid increased bets that the Federal Reserve will begin cutting rates from September. But gains…
Asia FX muted as dollar perseveres; yen on intervention watch
Investing.com– Most Asian currencies moved in a flat-to-low range on Tuesday as speculation over a Donald Trump presidency helped the dollar rise past increased bets on interest rate cuts. The…
