WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the trend remained consistent with sustained strength in the labor market.
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly higher open on Wednesday, suggesting Wall Street would end a strong year with minor gains in a seasonal trend of modest moves and low volume.
LONDON (Reuters) - Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC's refusal to cut output.
(Reuters) - Revelers ringing in of the new year this week need to watch out for the next day's hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent.
(Reuters) - The chance of U.S. inflation falling below 1 percent in 2015 is at a five-year high, and the risk of deflation is growing more likely, an analysis of market data released by the Minneapolis Federal Reserve Bank showed.
WASHINGTON/NEW YORK (Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.
ROME (Reuters) - Accommodative monetary policy will remain necessary for as long as global growth remains weak, IMF managing director Christine Lagarde said in a newspaper article published on Wednesday.
NEW YORK (Reuters) - Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas.
SEOUL (Reuters) - South Korea's two top technology firms, Samsung Electronics and LG Electronics, have a history of bitter rivalry, but their latest spat over a handful of washing machines has prompted a barrage of public mockery.