adminOil Heads for Deep Weekly Loss on Prospects for Jump in Supply
(Bloomberg) — Oil extended a sharp two-day drop, putting prices on course for a substantial weekly decline, on prospects of more supply from OPEC members Saudi Arabia and Libya. Most…
Fed Exploring Tying Liquidity to Uninsured Deposits, Barr Says
(Bloomberg) — The US central bank is exploring adjustments to its liquidity framework, including requirements that would aim to protect uninsured depositors. Most Read from Bloomberg The potential rule would…
Brazil Central Bank Lifts 2024 Economic Growth Forecast for Third Time
(Bloomberg) — Brazil’s central bank raised its 2024 growth forecast and now sees the economy expanding in line with the most optimistic estimates, corroborating its decision to start an open-ended…
US economic growth, corporate profits revised higher in 2023
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from…
US economy grew at a solid 3% rate last quarter, government says in final estimate
WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving…
Wall Street just got another sign that dealmaking is on its way back
Wall Street just got a new sign that dealmaking is making a comeback. Jefferies Financial Group (JEF) reported third quarter results Wednesday afternoon that showed investment banking fees were up…
World’s Most Popular Vegetable Oil Is No Longer the Cheapest
(Bloomberg) — Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative. Most…
Fed’s Kugler Says She ‘Strongly Supported’ Half-Point Rate Cut
(Bloomberg) — Federal Reserve Governor Adriana Kugler said she “strongly supported” the central bank’s decision to lower borrowing costs by a half point last week, adding it will be appropriate…
Oil Holds Sharp Drop on Signs Libya May Soon Resume Production
(Bloomberg) — Oil steadied after declining the most in two weeks as Libya’s factions reached a “compromise” on leadership for the OPEC member’s central bank, opening the way to the…
New York Schools Chancellor Banks to Leave Amid Federal Probe
(Bloomberg) — New York Schools Chancellor David Banks said he will retire on Dec. 31, becoming the latest member of Mayor Eric Adams’ administration to announce plans to leave amid…
