US economy’s ‘perfect storm’ coming in the near term: Expert economist
Co-founder of Key Advisors Group LLC Eddie Ghabour analyzes the U.S. markets and economy, saying that they have yet to ‘bottom out’ on ‘Varney & Co.’
U.S. equity futures were trading lower Thursday morning ahead of the release of earnings from the big banks.
The major futures indexes suggest a decline of 0.4% when the opening bell rings on Wall Street.
Oil prices traded lower Thursday morning as investors looked at the prospect of a large U.S. rate hike that would stem inflation and curb crude demand.
U.S. West Texas Intermediate crude was at $95 a barrel, after a small rise in the previous session.
AS BIDEN ASKS SAUDIS FOR OIL HELP, US ENERGY REPS SAY THEY'RE TIRED OF 'VILIFICATION'