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However, an 18.9% year-on-year rise in China's oil refinery throughput in April to the second-highest level on record helped to keep a floor under crude prices. The IEA raised its forecast for global oil demand this year by 200,000 bpd to a record 102 million bpd. It said China's recovery after the lifting of COVID-19 curbs had surpassed expectations, with demand reaching a record 16 million bpd in March. In another bullish development, the U.S. Department of Energy on Monday said it would buy 3 million barrels of crude oil for delivery in August in a move to begin refilling the Strategic Petroleum Reserve. Meanwhile, U.S. commercial crude stocks fell by about 1.3 million barrels last week, according to analysts polled by Reuters.

The Commerce Department reported retail sales rose 0.4% in April, at half the pace against an expected increase of 0.8%. "The retail sales data has been positive in several months, but it's still weak," said Jamie Cox, managing partner at Harris Financial Group. You are probably seeing the end of the decline in retail sales, but it's not going to be a smooth ride from here." Dow Jones Industrial Average (.DJI) component Home Depot (HD.N) shed 1.4%, hitting its lowest level in over six months after the company lowered its annual sales forecast. Shares of Capital One Financial Corp (COF.N) jumped 2.4%, rising the most on the S&P 500, after Berkshire Hathaway Inc (BRKa.N) on Monday disclosed it has begun investing in the consumer lender.

The Commerce Department reported retail sales rose 0.4% in April, at half the pace against an expected increase of 0.8%. "The retail sales data has been positive in several months, but it's still weak," said Jamie Cox, managing partner at Harris Financial Group. You are probably seeing the end of the decline in retail sales, but it's not going to be a smooth ride from here." "There is little chance we will see a resolution to the U.S. debt ceiling issue today," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. "The negotiations will likely remain tight as Republicans ask decent spending cuts to accept a debt ceiling relief, while Biden is not willing to compromise on spending into the election year."

☆ Shares edge up in nervy trade ahead of debt limit talks
▼ + stars: | 2023-05-16 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 15, 2023. Other than that, however, global markets are showing little evidence of stress, at least for now. China saw industrial output rise in April but by far less than economists had expected, while retail sales also fell short of forecasts - highlighting the fragility of the post-COVID recovery. Against the yen, the dollar fell 0.23% to 135.78. In commodities, Brent crude rose 0.7% to $75.76 a barrel, while U.S. crude rose 0.66% to $71.60.

The Commerce Department reported retail sales rose 0.4% in April, at half the pace against an expected increase of 0.8%. "The retail sales data has been positive in several months, but it's still weak," said Jamie Cox, managing partner at Harris Financial Group. You are probably seeing the end of the decline in retail sales, but it's not going to be a smooth ride from here." The S&P 500 retail index (.SPXRT) lost 0.6%. Shares of Capital One Financial Corp (COF.N) jumped 5.4%, rising the most on the S&P 500, after Berkshire Hathaway Inc (BRKa.N) on Monday disclosed it has begun investing in the consumer lender.

☆ MLB roundup: Cardinals blitz Brewers 18-1
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +5 min

Jack Flaherty (3-4) fanned a season-high 10 while blanking the Brewers on three hits in seven innings as the Cardinals won for the seventh time in eight games. Freddy Peralta (4-3) allowed six runs on six hits and five walks in 5 1/3 innings for the Brewers, whose three-game winning streak ended. Adam Frazier and Anthony Santander each hit a two-run homer and Cedric Mullins added a solo shot for the Orioles. Raleigh, who went 3-for-5, hit two-run shots in the fifth and sixth innings, logging his second multi-homer game of the season. Eugenio Suarez also blasted a two-run homer as part of Seattle's 15-hit attack.

☆ MLB roundup: Mets post 8-run inning, whip Nats in Max Scherzer's return
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +12 min

For seven innings, the game was a pitchers' duel between Cleveland rookie Tanner Bibee and the Angels' Patrick Sandoval. Zach Elfin (5-1) got the win after allowing four runs on seven hits in his six innings, striking out nine and walking one. Royals starter Jordan Lyles (0-7) was tagged for seven runs in 2 1/3 innings, allowing four hits and three walks. The loss overshadowed another strong outing by Giants starter Logan Webb, who allowed one run on three hits over seven innings. Boston's Corey Kluber (2-5) surrendered four runs on seven hits in five innings.

When you buy through our links, Insider may earn an affiliate commission. If you've fallen behind on Mother's Day gift ideas or want to get more creative than the classic Mother's Day flowers, Amazon Prime Mother's Day gifts can work in a pinch. Though an Amazon Prime membership includes a long list of perks, one of the best-known Amazon Prime benefitsis its convenient two-day shipping policy. With millions of products eligible for Prime shipping, you have tons of options. Whether you're looking for popular tech products, high-quality skincare items, or just things that make Mom's life easier, we found 43 unique Mother's Day gifts you can get on Amazon Prime below.

☆ MLB roundup: Cards' Willson Contreras stars in return to Chicago
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +7 min

[1/5] May 8, 2023; Chicago, Illinois, USA; St. Louis Cardinals catcher Willson Contreras (40) celebrates team's win against the Chicago Cubs at Wrigley Field. Colorado starter Kyle Freeland (3-4) gave up two runs and seven hits in seven innings, with four strikeouts and three walks. Cease went five-plus innings, allowing seven runs on nine hits while walking one and striking out six. Miami's Braxton Garrett (1-2) was charged with four runs and seven hits over 5 1/3 innings. San Francisco starter Anthony DeSclafani (3-2) got through seven innings, allowing five runs on 10 hits.

☆ MLB roundup: Red Sox drop Phils for 8th straight win
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +12 min

Boston's Rob Refsnyder ripped a two-run double, Christian Arroyo had a two-run single and Reese McGuire added an RBI single for the Red Sox, who have scored 59 runs during their eight-game winning streak. After Willie Calhoun popped out with two runners on, Bader put the Yankees ahead with a two-run single to right field. He worked a perfect ninth inning, striking out two, to earn his first save. Alejandro Kirk added an RBI double and Daulton Varsho an RBI single for the Blue Jays, who entered the series with a five-game losing streak. Jack Suwinski homered and Connor Joe had an RBI single for the Pirates, who lost their sixth in a row.

☆ MLB roundup: Orioles score 13, take another series
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +8 min

After mounting an 8-1 advantage in the third, the Orioles surrendered the lead on eight straight Royals runs. Marlins left-hander Jesus Luzardo (2-2) allowed seven hits, three walks and four runs (three earned). Rays 3, Pirates 2Zach Eflin threw seven shutout innings to help host Tampa Bay complete a three-game sweep of Pittsburgh. The Red Sox put up a series-high 16 hits -- delivering one more hit in each successive game of the series after 13 on Monday. George Kirby (3-2) allowed three runs and seven hits in his seven-inning start.

ECB chief Christine Lagarde said the central bank for the 20 countries that share the euro was not pausing. "This is a very restrictive policy and it will turn into credit tightening and that will bring a recession." The ECB has now increased its key deposit rate by some 375 bps since last July, from -0.5%. U.S. rates have jumped 500 bps, with the Federal Reserve hiking again on Wednesday while opening the door to a pause. Gareth Rudd, a European equity fund manager at Chelverton Asset Management, said he was negative on European bank stocks because regulators will want them to conserve capital instead of paying dividends.

☆ MLB roundup: Dodgers stun Phillies on walk-off slam
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +13 min

Brandon Drury also hit a homer for the Angels, who won for the sixth time in their last eight games. Starter Seth Lugo (3-2) held the Reds to one run on seven hits over six innings to earn the win. Pfaadt, a touted pitching prospect, went 4 2/3 innings and allowed nine hits -- four of which were home runs -- and seven runs. Texas starter Andrew Heaney allowed six runs on four hits in 4 2/3 innings, with four walks and five strikeouts. Losing pitcher Eric Lauer (3-3) allowed four runs -- all unearned -- on four hits and struck out six in 4 2/3 innings.

The market swoon from what would be an unprecedented U.S. default would bludgeon away billions more in wealth. The cost to insure U.S. government debt against default has shot to the highest since the 2007-2009 financial crisis. All of that takes air out the economy's tires and could start to push up the unemployment rate, now at a historically low 3.5%. Some top economic policymakers like those at the Fed had predicted as early as last December that the unemployment rate would be roughly 1 percentage point higher by the end of 2023. A debt crisis and a default, even if only on some of the interest payments due each day, would move it forward, Bostjancic said.

☆ Fact Check-Vancouver speed gates not part of ‘15-minute city’ proposals
▼ + stars: | 2023-05-03 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Yellow speed-reduction gateways in Vancouver are not part of the city’s “15-minute city” proposals. Although the city is implementing its version of the 15-minute city concept (here), the spokesperson said, the “15-minute City Ready” stickers were not applied to the concrete blocks by the City of Vancouver. Local reports about the yellow traffic calming tools (here, here and here) do not include any reference to 15-minute city proposals. Vancouver’s yellow gateways are a local government program for speed reduction and not part of the city’s 15-minute city proposals. Stickers referencing the 15-minute city concept were not applied or authorized by Vancouver officials.

☆ MLB roundup: AJ Pollock's HR ends no-no as Mariners edge A's
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +11 min

Mariners starter Bryce Miller, in his major league debut, gave up a run on two hits and no walks with 10 strikeouts. The Reds snapped a run of seven straight losses to the Padres and a streak of nine straight losses in San Diego. Jon Gray allowed four runs on eight hits with one walk and two strikeouts over 5 1/3 innings. The right-hander lasted five innings, allowing three runs on seven hits with no walks and six strikeouts. Keegan Thompson (1-2) was charged with three runs on four hits in one-third of an inning to take the loss.

A high-yield savings account is a good place to store money for short-term needs. Many banks offer high-yield savings accounts with variable high interest rates. A high-yield savings account may be the best place to save money for travel or a wedding. The best high-yield savings accounts offer variable annual percentage rates (APYs), some at 3.75% APY or more. Fun moneyIf you really want to reward yourself, consider putting your "just for fun" money in a high-yield savings account.

☆ As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation
▼ + stars: | 2023-05-02 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +18 min

The church operates the cafe alongside a food bank which offers free food, clothes, household items and other necessities to locals who are struggling. When it first opened before the pandemic, the food bank was serving mostly homeless people. Liz Coopey, left, a volunteer at the Given Freely Freely Given food bank in Doncaster, helps local resident Angela Davis with her shopping bags. The Given Freely Freely Given food bank in Doncaster offers its clients other items than just food, including household goods and clothing. Liz Coopey, one of the volunteers there, said she understands the idea of having to rely on a food bank might be scary to many.

☆ First Republic collapse sparks sector-wide regional bank shares sell-off
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of PNC Bank, a subsidiary of PNC Financial Services Group, is seen on the window of a branch in Washington, U.S. April 30, 2023. REUTERS/Ashraf FahimMay 1 (Reuters) - Shares of regional lenders fell in morning trading on Monday following the collapse of First Republic Bank (FRC.N), the third major casualty of the biggest crisis to hit the U.S. banking sector since 2008. Among individual movers, Citizens Financial Group (CFG.N), PNC Financial Services Group (PNC.N), Truist Financial Corp (TFC.N) and U.S. Bancorp (USB.N) fell between 2.2% and 7%. While investors digested the quick deal for First Republic's assets with a pinch of salt, the regulator-engineered rescue effort sparked a sell-off in the mid-cap bank sector. Global banking has been rocked by the closure of Silicon Valley Bank and Signature Bank in March.

☆ MLB roundup: Padres prevail in offensive showcase in Mexico City
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +14 min

Trent Grisham hit a two-run double to increase the Padres' lead to 14-11 in the eighth. Machado had three hits with three RBIs and four runs, while Thairo Estrada had four hits and three RBIs for the Giants. Andujar went 2-for-3 with three RBIs, while Connor Joe went 1-for-4 with a solo homer and two runs for Pittsburgh. Patrick Corbin (1-4) gave up three runs on seven hits with two strikeouts and a walk in 5 1/3 innings. Nationals starter Chad Kuhl (0-2) allowed eight runs on seven hits with four strikeouts and four walks in just 3 2/3 innings.

☆ MLB roundup: Zac Gallen extends scoreless run in D-backs' win
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

Arizona's Emmanuel Rivera had an RBI single among his two hits and scored a run. Evan Longoria also had an RBI single for the Diamondbacks, who won two of the three games in the series after losing four of their previous five contests. Padres 5, Cubs 3Fernando Tatis Jr. ripped a two-run single in the seventh inning to give San Diego the lead for good in its win in Chicago. Tatis added an insurance run with an RBI single in the ninth. Rodolfo Castro added a two-run single, and Bryan Reynolds, Andrew McCutchen and Ji Hwan Bae each had an RBI single for the Pirates.

"At this point, we are no longer behind in building out our AI infrastructure," Zuckerberg said on a conference call. AI recommendations increased time spent on Instagram by 24% in the January-March quarter, Meta said. Reuters GraphicsCOST CONTROLSpending on the AI retooling has spiked the company's capital expenditures, which came in slightly under expectations at $7.1 billion for the quarter. "We've been focusing on both AI and the metaverse for years now, and we will continue to focus on both." Revenue for the first quarter rose 3% to $28.65 billion, beating an average estimate of $27.66 billion.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Here's how to use the Chase Gopuff credit and make the most of this perk. Read our review Read Our Review A looong arrow, pointing rightThere's no registration or activation required to use the Chase Gopuff credit. Chase Freedom cards (Chase Freedom Flex℠, Chase Freedom Unlimited®, Chase Freedom® Student credit card, and Chase Freedom® )) Chase Sapphire cards (Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, Chase Sapphire Card, J.P. Morgan Reserve Card)Chase Ink cards (Ink Business Preferred® Credit Card, Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, Ink Business Premier Card , Chase Ink Plus Card), Chase Ink Plus Card) Aeroplan® Credit CardAer Lingus Visa Signature® CardBritish Airways cards (British Airways Visa Signature® Card and British Airways Visa Card)Iberia Visa Signature® CardDisney credit cards (Disney ® Premier Visa ® Card and Disney® Visa® Card)Premier Visa Card and Disney® Visa® Card) The World Of Hyatt Credit Card and World of Hyatt Business Credit CardIHG credit cards (IHG® Rewards Premier Credit Card, IHG® Rewards Traveler Credit Card, IHG® Rewards Select Credit Card, IHG® Rewards Classic Credit Card)Marriott credit cards (Marriott Bonvoy Bold® Credit Card , Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bountiful™ Card , Marriott Bonvoy™ Credit Card, Marriott Bonvoy™ Premier Credit Card, Marriott Bonvoy® Business Card, Marriott Bonvoy® Premier Plus Business Card), Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bountiful™ Card , Marriott Bonvoy™ Credit Card, Marriott Bonvoy™ Premier Credit Card, Marriott Bonvoy® Business Card, Marriott Bonvoy® Premier Plus Business Card) The Ritz-Carlton™ Credit CardSouthwest credit cards (Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, Southwest Rapid Rewards® Priority Credit Card, Southwest® Rapid Rewards® Premier Business Credit Card Southwest® Rapid Rewards® Performance Business Credit Card, Southwest Rapid Rewards® Credit Card, Southwest Rapid Rewards® Employee Credit Card, Southwest Rapid Rewards® Classic Credit Card)Starbucks ® Rewards Visa ® CardRewards Visa Card United credit cards (United℠ Explorer Card, United Quest℠ Card, United Gateway℠ Card, United℠ Business Card, United Club℠ Business Card , United Club SM Card, United SM Presidential Plus SM Card, United MileagePlus ® Select Card, United MileagePlus ® Awards Card, and United MileagePlus ® Card, United SM Presidential Plus SM Business Card), United Club Card, United Presidential Plus Card, United MileagePlus Select Card, United MileagePlus Awards Card, and United MileagePlus Card, United Presidential Plus Business Card) Chase Slate Edge℠How to use the Chase Gopuff creditIf you haven't used Gopuff before, start by visiting Gopuff.com to set up your account. Remember, your order must be at least $10 in order to receive the Chase Gopuff credit.

☆ MLB roundup: Cubs' Drew Smyly flirts with perfection vs. Dodgers
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +11 min

Los Angeles starter Julio Urias (3-2) allowed five runs, seven hits (including two homers) and two walks in 3 1/3 innings. Seven of Urias' 10 earned runs allowed this season have come against Chicago. Philadelphia starter Aaron Nola tossed a season-high seven innings and allowed four hits and three runs with three strikeouts and three walks. Pittsburgh starter Mitch Keller (2-0) allowed two runs and four hits in six innings, with five strikeouts and a walk. Pivetta (1-1) allowed three runs on seven hits in 5 2/3 innings, striking out seven with one walk.

☆ Eureka! After California’s Heavy Rains, Gold Seekers Are Giddy.
▼ + stars: | 2023-04-22 | by ( Thomas Fuller | Jim Wilson | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In Northern California, prospectors are looking to strike gold after the winter storms, recalling a storied era in state history. April 22, 2023PLACERVILLE, Calif. — Albert Fausel spends his days at the family hardware store sorting through boxes of bolts and pacing the old, creaking floorboards to greet his loyal clientele. But on a recent sunny afternoon, he threw on his wet suit and diver’s mask and inserted himself face down in the shallow creek near his home. In just 20 minutes of rooting around the creek bed, Mr. Fausel had found about $100 worth of gold.

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