Oil CEOs: Oil Going To $60, Companies To Start Spending Again

With crude oil now above $50 per barrel for the first time since July 2015, many executives in the industry forsee prices nearing $60 by the end of 2016.

Jun 9th, 2016

With crude oil now above $50 per barrel for the first time since July 2015, many executives in the industry forsee prices nearing $60 by the end of 2016.

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Major Rebound in Jan. Fastener Distributor Index

One month after sinking to the lowest reading in its 9-year history, the FDI jumped back into expansion territory last month.

The chamber of the House of Representatives is seen at the Capitol in Washington on Monday, Feb. 3 as it is prepared for President Donald Trump to give his State of the Union address Tuesday night.

Trump's Economy: Solid & Steady, But Vulnerable

Ahead of Trump's Tuesday night's State of the Union address, the economy has proved solid and durable, yet hasn't fulfilled many of his promises.

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Market for Small Businesses Rebounds

Besides tariffs, small business sales have also been affected by rising minimum wages and uncertainty about the November elections.

In this Dec. 3, 2019 file photo, workers erect a building under construction in Philadelphia. Spending on US construction projects edged down a slight 0.2% in December 2019, closing out a year when total construction registered its first annual decline in eight years.

Dec. US Construction Spending Dips 0.2%

It was the first monthly drop since June, while total 2019 spending was a setback.

In this May 10, 2019 file photo, a container ship is unloaded at the Virginia International Gateway terminal in Norfolk, VA.

US Factories Expand for 1st Time Since July

January snapped a five-month losing streak in US manufacturing business activity.

This Jan. 22 file photo shows the waterfront in Portland, ME.

US Economy Grew at 2.1% Rate in Q4

Growth was supported by solid but slower consumer spending and an improvement in the trade deficit.

In this Nov. 13, 2019 file photo, Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington.

Fed Leaves Rate Alone, Sees Virus as Risk

The central bank said it would hold short-term rates in a range of 1.5% to 1.75%, far below levels that have been typical during previous expansions.

President Donald Trump speaks during an event at the White House to sign a new North American trade agreement with Canada and Mexico on Jan. 29 in Washington.

What Trump's USMCA Actually Does

Here are some questions and answers about the new deal.

President Donald Trump speaks during an event at the White House to sign a new North American trade agreement with Canada and Mexico on Wednesday, Jan. 29 in Washington.

Trump: USMCA to Boost US Growth

Trump made renegotiating the North American Free Trade Agreement a priority during his 2016 campaign, although trade experts say the impact of the new deal will be modest.

In this Dec. 7, 2015 file photo, a Boeing 737 MAX airplane being built is shown on the assembly line in Renton, WA.

Dec. US Durable Goods Orders Up 2.4%

Last month's orders were the strongest showing since August, but would be much lower excluding defense.

In this Dec. 11, 2019 file photo, Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington.

Fed Seems Content With Low Rates But Confronts Challenges

Even with the Fed seemingly comfortable with the range of its historically-low benchmark rate of 1.5% to 1.75%, questions about its policy-making remain.

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Nov. Cutting Tool Consumption Down 10% YoY

The Association for Manufacturing Technology's chairman commented that the declining sales volumes seen through 2019 are expected to continue into 2020.

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Slight Rise in Business Economists' Optimism

A new survey by the National Association of Business Economists found that 67% of respondents are expecting moderate economic growth of 1.1% to 2% over the coming year.

In this Jan. 14 photo, shipping containers are stacked at a dockyard on the Yangtze River in Nantong in eastern China's Jiangsu Province.

Reduced Rates, Trade Tension to Aid World Growth

The International Monetary Fund foresees world economic growth accelerating from 2.9 percent last year to 3.3 percent in 2020 and 3.4 percent in 2021.