adminOil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says
The world is on its way toward cheaper energy as clean technologies grow to meet growing electricity demand, leaving behind an oversupply of oil and gas, according to a new…
Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt
Brian Moynihan’s warnings over the national debt may be falling on deaf ears, but that isn’t going to stop the Bank of America CEO from sounding the alarm. Uncle Sam’s…
Investment banking surge at Morgan Stanley solidifies Wall Street revival
An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm's profits in the third quarter exceeded analyst expectations. Fees from investment banking…
Gold Nears Fresh Record With Focus on US Election and Fed Rates
(Bloomberg) — Gold rallied toward a fresh record high as investors turned their attention to the upcoming US election, with polls forecasting a razor-thin contest with less than three weeks…
World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says
(Bloomberg) — The world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil and gas, the International Energy Agency…
Oil Climbs With Middle East Risks and Chinese Demand in Focus
(Bloomberg) — Oil edged higher after slumping by more than 4% on Tuesday, as Israel said it was keeping options open in how to attack Iran — including targeting Iranian…
New Zealand Inflation Slows to Lowest Rate Since Early 2021
(Bloomberg) — New Zealand’s annual inflation rate fell sharply in the third quarter, returning to the central bank’s target band for the first time in more than three years. Most…
Fed’s Bostic says his ‘dot’ was for 25 bp more in cuts in 2024
(Reuters) – Atlanta Federal Reserve President Raphael Bostic on Tuesday said he penciled in just one more interest rate reduction of 25 basis points this year when he updated his…
Trump’s trade rhetoric may not be all bluster. He needs mammoth tariffs to pay for everything else he wants.
Donald Trump is making dramatic new tariff pronouncements that one could be tempted to dismiss as bluster, but it is increasingly clear that he needs a titanic level of duties…
Trump Says Growth to Outpace Feared Debt, Inflation From Agenda
(Bloomberg) — Former US President Donald Trump said his policies would inspire growth despite adding to the debt as he sought to assuage business leaders who worry his economic plans…
