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U.S. markets news

Venezuela fails to persuade Saudis to cut oil production
DUBAI - Saudi oil minister Ali al-Naimi met with his Venezuelan counterpart on Sunday but didn't announce any plans for the production cut the South American country says is needed to prop up crude prices.
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA  Reuters
Saudi, Venezuela Oil Ministers Hold 'Successful' Talks on Market  Bloomberg
Unemployment rate lowest in 8 years
The nation's unemployment rate dropped to 4.9 percent in January, hitting its lowest point in eight years, since February 2008.
Unemployment Report Starts the Year By Breaking the 5% Unemployment Rate ...  Economic Populist
Many See Cause for Optimism Despite Slower US Job Growth  Memphis Daily News (blog)
Technology Shares Plunge in U.S. as Patience for Valuations Ebbs
The willingness of U.S. stock investors to abide price-earnings ratios stretching into three and four digits came under pressure Friday as the Nasdaq Composite Index fell to its lowest since October 2014.
Technology rout pushes Nasdaq to lowest close since 2014  Reuters
Technology sell-off leads a rout in the Nasdaq  Washington Post
How much Obama's oil tax would add to the price of gasoline
It's obvious that a $10-a-barrel tax on oil would translate into higher prices for gasoline at the pump. But how much higher? The White House on Thursday said President Barack Obama will propose a $10-a-barrel tax on each barrel of oil to pay for clean ...
GOP-led Congress unlikely to OK Obama's new clean energy bid  New Jersey Herald
Obama is proposing a $10-a-barrel oil tax, but GOP says it's 'dead ...  Los Angeles Times
Highly radioactive leak found at NY nuclear plant
BUCHANAN, N.Y. - Gov. Andrew Cuomo is calling for an investigation after an apparent overflow at the Indian Point nuclear power plant spilled highly radioactive water into an underground monitoring well, but nuclear regulators said the public isn't at ...
NY to probe 'radioactive' water leak at Indian Point  Press & Sun-Bulletin
New York's Indian Point Nuclear Power Plant Is Leaking, But You Shouldn ...  Gizmodo
Volkswagen to offer generous compensation for US customers: fund head
FRANKFURT Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper.
Head Of VW Diesel Claims Says Most Will Accept Compensation Because It's ...  Jalopnik
German Report: Volkswagen to Offer Generous Compensation for US Customers  Newsmax
Holding Back China's Capital Flight 'Dam' Is Key
The decline in China's foreign-currency reserves to a four-year low, even without evidence of widespread domestic capital flight, adds pressure on policy makers to strengthen the economy through fiscal easing and structural reforms.
China's Forex Reserves May Already Be Below IMF Safety Line  Forbes
China FX reserves fall almost $100 bln to lowest since May 2012  Reuters
As New Hampshire Votes, Obama Will Ask Congress To Double The Investment In ...
While New Hampshire's voters are going to the polls on Tuesday, President Obama will be submitting his 2017 budget, which calls for a 15 percent annual increase in the funding over five years that would go toward clean energy investments.
Obama Pledges To Double Spending On Renewable Energy Research By 2020  Gizmodo
Obama Wants $12.8 Billion for 'Clean-Energy Research'  Newsmax
Mass. health care reform pioneer Dolores Mitchell retires
With an eye on rising costs, the health care industry today is looking for new ways to contain spending while improving patient care.
Medicaid across US a matter of when, not if, says federal health chief  USA TODAY
12.7M people sign up for ObamaCare in 2016  The Hill
Gone in 10 seconds: Smokestacks at SC power plant imploded
If they were making a movie of the event, they might call it "Gone In 10 Seconds." Media outlets report that's how long it took early Sunday to implode two 300-foot smokestacks at an old power plant on the main road to Myrtle Beach.
Grainger Generating Station stacks fall  WCBD News 2