adminOil 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.…
NY Fed’s Perli: Markets were prepared to view last week’s rate cut properly
By Michael S. Derby NEW YORK (Reuters) – The central bank official responsible for implementing monetary policy at the New York Federal Reserve said on Tuesday financial markets were prepared…
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
(Bloomberg) — OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate…
