stepping up its bond-buying program and bringing the total package to more than $1.5 trillion.
Oil prices slid as traders amid speculation that an upcoming OPEC+ meeting won't take place. The nations involved were expected to discuss a possible extension of production cuts.fell as much as 2.4%, to $36.38 per barrel. International benchmark Brent crude sank 1.9%, to $39.04 per barrel, at intraday lows.
The US government will release the May jobs report on Friday. Economists expect it to show that unemployment spiked to nearly 20% in the month, the highest since the 1930s, as the economy erased 8 million jobs.
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How could this “dismal jobs data” have come as a surprise to anyone? Yesterday’s stock surge was attributed to a shockingly good ADP payroll report, which sure looked to me like magical thinking.
US youth be like:
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