Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries raised their capacity use.
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- The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
- The head of America's biggest retail bank, Chase Bank, has a warning for its 86 million customers: Prepare to pay for your bank accounts.
- Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a biofuels plant.
- Lithium prices are plumbing multiyear lows in a market awash with the battery material, and it is unlikely they have hit bottom yet.
- Private-equity firm Carlyle Group is in exclusive talks to acquire medical-device maker Baxter's kidney-care spinoff Vantive for more $4 billion, including debt.
- The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
- Wisconsin voters can once again use absentee-ballot drop boxes to deliver their votes after the state supreme court overturned its own 2022 ban.