Statoil to cut spending after oil decline

UK Only Article: standard article Fly Title: From the archives Rubric: Why mortgage subsidies are a bad idea IN THIS week’s print edition, we explore how mortgage subsidies have encouraged banks to lend more to homeowners and less to firms, with pernicious economic consequences. The Economist has long been a …

Economic data was on the lighter side today, but with $1 billion in POMO today the market looked to push higher.  A slight hiccup in the first hour of trading gave way to steady buying into the lunch hour.  Unfortunately, the highs were set at noon and the market rolled …

The unemployment rate and average hourly earnings figures represent the meat of the report, not the headline NFP number.