US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 480
The latest Baker Hughes report reveals a slight decrease in the US oil rig count to 480, with a notable annual drop of 19 rigs, reflecting the dynamic nature of the oil industry.
Economy News
January Sees a Dip in US Consumer Confidence Amid Rising Inflation Concerns
In January, US consumer confidence declined, with the Consumer Sentiment Index dropping to 73.2, a 7.3% fall from the previous year. Rising inflation expectations, reaching their h...
December Sees a Surge in US Nonfarm Payrolls: A 256,000 Job Increase
In December, the US nonfarm payrolls increased by 256,000 jobs, exceeding expectations. Healthcare, retail, and leisure and hospitality sectors led the job growth, while the unempl...
China Launches $11 Billion Consumer Trade-In Initiative to Boost Economic Growth in 2025
China introduces an $11 billion consumer trade-in scheme in 2025 to boost economic growth, focusing on home appliances and electronics. The initiative aims to revive household spen...
Exquisite Australian Dragon Lychee Sells for $55/kg in Vietnam, Capturing Lunar New Year Market
The Australian 'dragon egg' lychee, priced at $55/kg, is becoming a popular Lunar New Year gift in Vietnam. Its scarcity, due to a short harvest season and meticulous selection pro...
St. Louis Fed President Advocates for Gradual Rate Cuts Amid Economic Shifts
Federal Reserve Bank of St. Louis President Alberto Musalem now favors a more gradual approach to interest rate cuts, influenced by stronger economic data and higher inflation. He ...
Revolutionizing Fruit Sales: Thousands of Frozen Durians Sold via Live Streaming in Vietnam
A groundbreaking live streaming event in Vietnam successfully sold thousands of frozen durians, offering significant discounts. This innovative sales strategy, involving government...
November Sees a 0.4% Dip in Italian Retail Sales: A Closer Look at the Trends
Italian retail sales fell by 0.4% in November, with food and non-food sectors experiencing declines. However, annual data shows a 1.1% increase, with large-scale distribution chann...
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