After falling from 2022 through 2024, oil majors’ revenues and profits are poised to mark a third 12-month period of disappointment.
Tag: inflation
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U.S. ECONOMY ADDS 177,000 JOBS IN APRIL
U.S. employers took on an additional 177,000 nonfarm workers last month, signaling “a healthy state of balance” in the labor market, The Wall Street Journal said. The unemployment rate held steady at 4.2 percent.
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COLGATE-PALMOLIVE PARES BACK ITS 2025 FORECAST
Colgate-Palmolive, which makes hundreds of consumer products from pet foods to Ajax cleanser, has cut its sales growth outlook from 3 to 5 percent this year to 2 to 4 percent. Profits will be flat, CEO Noel Wallace said in a 25 April earnings call.
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AMERICANS FEAR GOING BROKE MORE THAN DYING
Sixty-four percent of Americans are more afraid of running out of money than of dying, according to a new survey by Allianz Life.
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42 PERCENT OF YOUNG AMERICANS ARE IN A FINANCIAL STRUGGLE
Among Americans under age 30, 42 percent report they are either “getting by with limited security” or “struggling to make ends meet,” according to a new survey by Harvard University’s Institute of Politics.
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MORTGAGE RATES CLIMB BACK UP OVER 7 PERCENT, CHILLING HOME SALES
On 11 April, the national average interest rate on a 30-year, fixed-rate mortgage rose .13 of a percentage point to reach 7.1 percent, its loftiest since mid-February, according to Mortgage News Daily (MND).
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CONSUMER CONFIDENCE PLUNGES DEEPER
Consumers’ confidence in the U.S. economy sank deeper into darkness as Donald Trump’s tariff war escalated in the first week of this month, according to the University of Michigan’s initial April survey of consumer sentiment.
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SLAVELANDIA: FOUR IN FIVE AMERICANS ARE FINANCIALLY STRESSED
Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
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WALL STREET BARONS LOSE HOPES FOR TRUMP’S PROMISED “GOLDEN AGE”
Private equity firms are deferring, if not giving up, the new golden age of major dealmaking and swelling profits they expected when Donald Trump campaigned on promises of lower taxes and a softer regulatory touch.
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U.K. LOOKS TO BEEF UP ITS MILITARY AT THE EXPENSE OF ITS PUBLIC
As Gerald Celente has frequently noted, “When all else fails, they take you to war.”
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