adminWall Street Traders Suddenly Converge on Economic Hazards Ahead
(Bloomberg) — For those on Wall Street clinging to the bull case on the economy, life is getting harder. Most Read from Bloomberg Troubling data – long foretold in the…
Traders Are Split on Scale of Cuts Before Fed Kicks Off Easing
(Bloomberg) — Investors in the US Treasury market are divided on whether the Federal Reserve will opt for a supersized interest-rate cut later this month — though they still expect…
US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
By Georgina McCartney HOUSTON (Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery…
Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion
By Darya Korsunskaya (Reuters) – Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from…
US Bonds Climb as Traders Look to Jobs Data to Back Big Fed Cuts
(Bloomberg) — Treasuries rose ahead of a closely watched US jobs report, with speculation mounting that the Federal Reserve will opt for a half-point interest-rate cut this month if the…
August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs
The US economy added fewer jobs than expected in August while the unemployment ticked lower. Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000…
Alibaba looks beyond Chinese suppliers as additional tariff threat looms
Amid mounting geopolitical headwinds and a slowing economy in China, Alibaba (BABA) is looking outside of its home market to spur growth. For Alibaba.com — the e-commerce giant's international business-to-business…
What’s at stake in Sri Lanka’s first presidential vote since its economic meltdown?
COLOMBO, Sri Lanka (AP) — Sri Lanka will hold its presidential election on Sept. 21 in a crucial vote that will decide the future of the South Asian nation still…
Argentina analysts cut 2024 inflation forecast to nearly 123%
BUENOS AIRES (Reuters) – Argentina's monthly inflation rate stood at 3.9% in August and is expected to close the year at an annualized rate of nearly 123%, according to analysts…
Oil Set for Deep Weekly Loss Even as OPEC+ Delays Adding Barrels
(Bloomberg) — Oil was poised for the deepest weekly loss in almost a year on persistent concerns about soft demand and ample supply, even as OPEC+ delayed a planned increase…
