BREAKING: *Nymex Crude Pares Losses on Fifth Straight Storage Decline. *Nymex Crude Down 0.3% at $61.05/Barrel. (More to come). EARLIER: NEW YORK—Oil prices slipped Wednesday after an industry report showed a surprise uptick in U.S.
U.S. service firms grew in May at the slowest pace in a year, as both new orders and hiring slipped. The Institute for Supply Management said Wednesday that its services index fell to 55.7 in May from 57.8 in April.
Employment in the private sector increased by 201,000 jobs last month in another healthy sign of an improving economy, according to figures from payroll giant ADP.
NEW YORK/WASHINGTON The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month.
Senior executives of Dollar General (NYSE: DG) must be rubbing their hands in glee. The company stock saw a sharp rise in its stock price on the back of the company's strong earnings in the first quarter.