Shale drillers are scrambling to raise cash as oil prices plummet and financing from Wall Street dries up
These forms of funding often come with higher interest rates or carry other downsides, such as giving outside investors a hefty share of future oil and gas production, but are gaining traction as drillers face dwindling access to traditional sources of capital.
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U.S. needs a good jobs report and Wall Street forecasts one: 180,000 new jobs, 3.6% unemploymentThe labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession in a decade. The economy likely added 185,000 new jobs in May, keeping the U.S. unemployment rate at nearly 50-year low of 3.6%.
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Wall Street rises with hopes of Mexican tariffs delayWall Street's main indexes closed higher after a choppy session on Thursday...
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US futures edge higher as Wall Street rally looks set to continue; jobs data in focusU.S. stock index futures were slightly higher Friday as Wall Street looks set for a fifth straight day of gains, amid hopes of progress on trade talks between the U.S. and Mexico.
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Treasury yields edge lower as Wall Street rally fadesU.S. government debt prices rose Thursday morning, as risk-on sentiment faded on Wall Street after two sessions of strong gains.
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Dow futures lower as Wall Street's rally is set to slowU.S. stock index futures were muted Thursday morning as Wall Street's rally on hopes of an imminent rate cut from the Federal Reserve looked set to slow.
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