![]() ![]() “In a time when we worry about the ability of consumer spending to drive growth, the less consumers have to spend on energy, the more they can spend on other things,” Young said. The impact from lower gasoline prices goes beyond simply relieving pressure on inflation and could be a bulwark against a recession and benefit economic growth. Gasoline costs, normally an unavoidable expense for most people, have fallen about 25% from a year ago, according to AAA. Lower crude oil prices have eased pressure on inflation, which has been cooling for months. The weak energy market has been bad for investors, but good for consumers, so far. Key features include: (+) What’s News feed: A real-time news feed, curated by The Wall Street Journal’s award-winning journalistsfeaturing must-know global news across business. The broader S&P 500 is expected to pull out of its profit slump in the latter half of the year. (+) Global headlines, breaking news coverage and real-time market quotes, along with The Wall Street Journal’s in-depth analysis and informed commentary. Shell has also warned Wall Street about weakened profits during the most recent quarter.Įnergy companies are expected to notch the biggest profit declines within the S&P 500. The company recently warned investors that lower gas prices and weaker demand could pinch margins and profits by billions of dollars. Exxon Mobil reported $55 billion in profit in 2022, more than double what it earned in 2021. It marks a reversal from 2022, when some of the biggest names in the sector notched record profits amid rising oil and natural gas prices. Analysts polled by FactSet expect profits to slip by nearly 50% for the sector in the second quarter, followed by a 34% drop in the third quarter and a 27% drop in the fourth quarter. That could mean energy companies will continue to struggle with earnings over the next few quarters. Energy Information Administration expects weaker energy consumption in 20. Prices have been falling as economic growth slows and that could remain the trend this year. Additional details on using it are available at the SecureDrop site.Oil prices have fallen 8% in the U.S. SecureDrop is an open source project managed by the Freedom of the Press Foundation. The Journal should be able to contact you within SecureDrop via this anonymous username. Once you’ve done this, the system will give you further instructions and a username, which you should memorize. Open the browser, wait for a connection, and then copy and paste this URL into the address bar: bi5wxtllt3jkz4bcvdmmw4euxjiteyo7xtkwp7rtxqlyyblsb2um7nyd.onion ![]() For the best identity protection, we suggest you connect to the internet using a public Wi-Fi network.ĭownload and install the Tor browser here: To use SecureDrop, you should follow these steps. Simple and easy to use, the WSJ app provides you with the trusted insights you need. The system is designed to help protect your anonymity, even from the Journal. Download the WSJ app today and receive instant access to The Wall Street Journal’s award winning journalism, including world-renowned coverage of the news moving stock markets and impacting businessfrom the Trump administration, to Brexit and beyond. Anything you provide via this system will be encrypted on a computer under our physical control and only decrypted on an offline computer disconnected to any network. ![]() You can send The Wall Street Journal information and/or documents through SecureDrop. ![]()
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