adminWorld’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…
S&P 500 Declines as Traders Mull Fed’s Path: Markets Wrap
(Bloomberg) — US stocks are drifting lower as investors weigh the Federal Reserve’s path of rate cuts and await Micron Technology Inc.’s earnings for details on artificial intelligence demand. Most…
Futures subdued as investors focus on economic data, Fed rate clues
By Johann M Cherian and Purvi Agarwal (Reuters) -U.S. stock index futures were subdued on Wednesday, with investors cautious as they awaited more clues on the health of the economy…
Dollar Is Close to Erasing 2024 Gains as More Fed Cuts Loom
(Bloomberg) — The US dollar is on the verge of erasing all of its gains this year on bets the Federal Reserve will slash rates at a faster pace than…
Australia CPI inflation slows to 3-year low of 2.7%
SYDNEY (Reuters) – Australian consumer price inflation slowed to a three-year low in August due to government rebates on electricity and a drop in petrol, while core inflation hit its…
Australia inflation slows to 3-year low in Aug, core also trends lower
By Stella Qiu SYDNEY (Reuters) -Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity, while core inflation hit its lowest since early…
Visa stock plunges 5% as feds sue over alleged debit card monopoly
Over 60% of the more than $4 trillion in debit transactions that take place in the U.S. every year are routed to Visa’s electronic payments network, Attorney General Merrick B.…
