More jobs, more problems? Nah. The U.S. economy has defied many a forecast in the post-pandemic era. Job growth, for example, was meant to moderate but the September employment report blew right past expectations. Are we going to get a repeat of that this week? It’s jobs week, which means we’ll get the ADP Employment…Read more
Merger Momentum The past week has been big for mergers and acquisitions in the oil industry. On Monday, Chevron (CVX) revealed its intent to purchase Hess (HES) for $53 billion. But that was only the second largest deal of the week, it turned out.. The first belongs to Chevron’s competitor ExxonMobil (XOM), which announced its…Read more
Against the Grain Many economists and market watchers started the year expecting an economic downturn as high inflation, and high interest rates, threatened to weigh on consumer spending and investments. But so far, they’ve been rather wrong. Despite these ongoing headwinds, as well as geopolitical upheaval, the U.S. economy has stayed the course – and…Read more
