Exxon and Chevron profits fall to 4-year low
Drop in oil prices drags second-quarter earnings to lowest level since pandemic
Economic news
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U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower
Nonfarm payrolls were expected to increase by 100,000 in July, according to the Dow Jones consensus estimate.
U.S. stuns Switzerland with 39% tariff — but new deadline provides hope
The duty would be a “devastating” blow to the export-reliant Swiss economy and businesses, analysts say.
Exxon chief urges Trump to use trade talks to fight ‘crushing’ EU regulation
Darren Woods says bloc’s climate and human rights directive will hurt competition
Trump’s tariffs send global stocks lower as markets weigh impact
Investors warn that ‘peak tariffs’ narrative is being tested by US president’s latest actions
Euro zone inflation holds steady at higher-than-expected 2% in July
Economists polled by Reuters had expected the figure to hit 1.9%.