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Futures Movers: Oil prices fall, but stay on track for longest streak of weekly gains since April

Oil prices head lower on Friday, but look to post their longest consecutive streak of weekly gains since April as production cuts and a weaker U.S. dollar have pushed prices higher.

Market Snapshot: U.S. stocks surge to fresh 15-month highs as S&P 500 heads for best week since March

U.S. stocks climbed to fresh 15-month highs on Friday following a batch of strong big-bank earnings, as the S&P 500 appeared headed for its best week since late March.

Economic Report: U.S. consumer sentiment soars in July to highest level since September 2021

The University of Michigan’s gauge of consumer sentiment rose to a preliminary July reading of 72.6 from a June reading of 64.4.

Metals Stocks: Gold prices decline, but head head for best week since April after U.S. inflation reports

Gold futures inch lower on Friday, although prices are still on track for their best week since April after a batch of encouraging U.S. inflation data help drag the dollar to its lowest level in more than a year.

: An affirmative-action ban has devastated many Black Californians — including this councilwoman fighting for reparations

San Diego Councilwoman Monica Montgomery Steppe, a state reparations task-force member, says Prop. 209 impacted her family and vows to push for its repeal.

: More than 218,000 global tech employees have lost their jobs since the start of 2023

The number of global tech layoffs has gone up more than eightfold since mid-January, according to Layoffs.fyi.

: Biden administration to cancel $39 billion in student debt

The more than 804,000 borrowers affected by the relief have been paying on their loans for decades.

Economic Report: U.S. import prices fall in June, fifth drop in past six months

The import price index fell 0.2% in June, the Labor Department said Friday. This is the fifth decline in the past six months.

Brett Arends's ROI: Gold should be dead, but somehow it’s still adding value

Gold hasn’t served a vital economic function since the government stopped treating it as money back in 1971

Key Words: Consumers are shopping in more stores than ever before to save money

PepsiCo says consumers are still seeking out bargains wherever they can find them.

: Delta is counting on this to keep demand for air travel sky high

Delta Air Lines is betting that demand for air travel will stretch beyond summer as return-to-office mandates lift business and international travel, especially for Europe.

: Consumers are now ‘hunkering down’ rather than ‘trading down’ on groceries, Conagra says

Consumers are now buying less food, rather than just buying cheaper alternatives, consumer-foods giant Conagra said.
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