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Oil prices slump as U.S. downgrade stokes demand worries
World oil prices slumped Monday over fears of slowing energy demand in the United States after a shock credit rating downgrade for the world’s biggest economy, analysts said. New York’s main contract, West Texas Intermediate light, sweet crude for delivery in September, plunged $3.40 to $83.48 a barrel. Brent North…
U.S. economy adds 117,000 jobs in July
WASHINGTON (Reuters) – U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession. U.S. payrolls increased 117,000, the Labor Department said on Friday, above market expectations for an 85,000 gain. The…
New York nuclear plant’s future shaky as fears grow
NEW YORK (Reuters) – New worries about a New York nuclear plant’s vulnerability to earthquakes could hand the state’s governor an opportunity to try to close the plant, but New York City’s huge power needs could stall any such moves. New York Governor Andrew Cuomo, who has long been a…
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