The numbers: The Labor Department said Thursday that...
The numbers: The Labor Department said Thursday that initial jobless claims fell by 6,000 to 233,000 in the week ended June 22. Economists polled by The Wall Street Journal had estimated new claims would fall to 235,000.
Last week's claims rose by a revised 4,000 to 239,000. That compared with the initial estimate of a drop of 5,000 to 238,000.
EIA Report: Cushing sees a drop in crude oil storage while the US recorded a gain
The U.S. saw a gain in crude oil stocks while the amount held in storage...
The U.S. saw a gain in crude oil stocks while the amount held in storage at Oklahoma’s Cushing Hub declined. Cushing’s stocks totaled 33.9 million barrels as of June 21, down 200,000 barrels from the 34.1 million barrels recorded on June 14. The regional hub has seen a decline since early May when, according to the EIA, there were 35 million barrels on hand.
The U.S. Energy Information Administration reported the U.S. saw a gain of 3.6 million barrels of crude oil, from 457.1 million barrels recorded on June 14 to 460.7 million barrels as of June 21.
The nation’s crude stocks fell by 2.6 million barrels in the previous reporting period.
An asteroid is scheduled to pass an estimated 4 million miles from Earth today, its closest encounter in over 100 years.
Roughly the size of Mount Everest at 1.4 miles wide, asteroid 2011 UL21 was once predicted to have a one in 71 million chance of hitting Earth by the end of the decade—an estimate experts now put at zero. Later this week, a much smaller asteroid, roughly the size of a stadium and discovered days ago, is scheduled to pass within roughly 75% of the distance to the moon. A planet-killing asteroid is not expected to threaten Earth for at least the next 1,000 years, though NASA recently conducted an exercise to gauge readiness (see more).
The asteroids come days before Asteroid Day on June 30, timed to commemorate the 1908 Tunguska event in Siberia. An explosion that day was believed to be the largest observed asteroid strike, roughly 1,000 times as powerful as the blast at Hiroshima.
President Joe Biden and former President Donald Trump are scheduled to debate tonight at 9 pm ET on CNN. Tune in here.
Tonight marks the first general election debate of 2024, one of two planned debates. The second (hosted by ABC) is scheduled for September. Tonight is also the first debate since the 1980s not organized by the nonpartisan Commission on Presidential Debates.
The debate—hosted by moderators Jake Tapper and Dana Bash—comes as recent polls predict a tight race. Trump is leading by 1%- 2% nationally and by 1%- 5% in seven key swing state polls.