MoneyPage 6 of 7

76 articles

Economy, markets, debt, jobs, the Fed, and business

US Crude Stockpiles Surge 45 Million Barrels in Seven Weeks as Refineries Pull Back

The EIA's latest Weekly Petroleum Status Report shows US crude inventories have built at their fastest pace since the pandemic, even as oil trades above $100 and refineries cut processing rates.

MoneyApr 8

Eurozone Inflation Hits 2.6% in March, Revised Up from Flash Estimate as Energy Costs Drive Fastest Acceleration Since July 2024

The final Eurostat reading revised March inflation up from the 2.5% flash estimate. Energy prices swung from -3.1% to +4.9% in a single month, pushing inflation above the ECB's target at the fastest pace since mid-2024.

MoneyApr 8

Mortgage rates hit 6.46%, erasing six months of decline in five weeks

The 30-year fixed mortgage rate climbed 48 basis points from its February low of 5.98%, driven by the Iran conflict's oil price spike feeding into inflation expectations and Treasury yields.

EnergyApr 8

Oil crashes 15% as Iran ceasefire unwinds the war premium

WTI crude fell from $113 to below $95 after Trump's two-week ceasefire with Iran included a commitment to reopen the Strait of Hormuz. The drop erases roughly half of the conflict-driven spike that took oil from $62 to $113 in six weeks.

ScienceApr 8

It's Risk, Not Capability, That Determines Which Jobs AI Actually Replaces

A new study of 923 occupations finds that organizational risk tolerance -- not technical feasibility -- is the binding constraint on AI job displacement. Data scientists face 70% automation exposure while physical trades show near-zero.

MoneyApr 7

The Fed Cut 70 Basis Points. The 10-Year Yield Is Right Where It Started.

Three rate cuts since September brought the fed funds rate from 4.33% to 3.64%. The 10-year Treasury yield barely noticed -- it sits at 4.25%, virtually unchanged from a year ago. The yield curve is steepening from the wrong end.

MoneyApr 7

Q1 2026 Macro Snapshot: Falling Unemployment, Surging Gas, and a Fed on Pause

Cross-referencing Wire's primary-source data reveals a divergent economy: the labor market is improving, housing is accelerating, but energy costs are spiking 36% and the Fed has stopped cutting rates.

MoneyApr 7

S&P 500 Back to $679 as Nasdaq Completes Full Recovery; AVGO +18% and AMZN +12% Since Monday, MSFT and TSLA Still Underwater

The S&P 500 closed Friday April 10 at $679.35, erasing the remainder of its March drawdown as the post-ceasefire risk-on rally concentrated in Broadcom, Amazon, Google and Meta. Eight of eleven S&P sectors are positive since the April 6 low, but energy is down 4.6% as Brent crude fell 13.6% in a single week.

MoneyApr 7

US National Debt Hits Record $39 Trillion, Up $2.7T in 12 Months

US total public debt hit a record $39.065 trillion on March 31, 2026, then dipped to $38.979T by April 17 as Treasury drew down issuance around the April 15 tax deadline — a seasonal pattern, not a trend change. Over the past 12 months, debt grew $2.762 trillion (+7.63%), adding roughly $6 billion in net new borrowing per day.

MoneyApr 7

MoneyPage 6 of 7

US Crude Stockpiles Surge 45 Million Barrels in Seven Weeks as Refineries Pull Back

Eurozone Inflation Hits 2.6% in March, Revised Up from Flash Estimate as Energy Costs Drive Fastest Acceleration Since July 2024

Mortgage rates hit 6.46%, erasing six months of decline in five weeks

Oil crashes 15% as Iran ceasefire unwinds the war premium

It's Risk, Not Capability, That Determines Which Jobs AI Actually Replaces

The Fed Cut 70 Basis Points. The 10-Year Yield Is Right Where It Started.

Q1 2026 Macro Snapshot: Falling Unemployment, Surging Gas, and a Fed on Pause

S&P 500 Back to $679 as Nasdaq Completes Full Recovery; AVGO +18% and AMZN +12% Since Monday, MSFT and TSLA Still Underwater

US National Debt Hits Record $39 Trillion, Up $2.7T in 12 Months

Alphabet Approaches $300 as AI Search and Cloud Growth Accelerate

UnitedHealth Surges 11% as Mega-Cap Tech Remains Mixed

Yield Curve Steepens: 10-Year Hits 4.35%, 30-Year Approaches 5%