adminGoldman profits surge 45% as dealmaking stages comeback
Goldman Sachs (GS) third-quarter profits surged 45% from a year ago as a rise in dealmaking and stock trading lifted the Wall Street giant. Net income was nearly $3 billion,…
Treasuries Rise Most In Two Weeks as Oil Eases Inflation Fears
(Bloomberg) — Treasuries rallied the most in two weeks as tumbling oil prices eased concerns about an uptick in inflation. Most Read from Bloomberg Yields on US 10-year debt retreated…
The US retirement system gets a C+ in global study
So much for American exceptionalism when it comes to retirement. The US earned just a C+ for its retirement system in the 16th annual Mercer CFA Institute Global Pension Index,…
Tech Stocks Rally While Oil, Energy Shares Drop: Markets Wrap
(Bloomberg) — European equity futures climbed and Asian stocks fluctuated after another record high on Wall Street. Oil dropped as concerns eased about Israel attacking Iranian energy facilities. Most Read…
Oil Extends Losses on Report Israel Won’t Target Iranian Crude
(Bloomberg) — Oil extended losses after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over tensions in the Middle East. Most Read from Bloomberg West Texas…
Fed’s Kashkari Says Private Credit May Lessen Systemic Risk
(Bloomberg) — The rise of the private credit market may lead to less systemic risk in the US financial system despite a lack of political appetite for increasing bank capital…
Trump wants to pin inflation on Harris. Most economists say prices will rise faster under him
For the survey, 50 academic, business, and financial economists responded to questions about inflation and other matters. Sixty-eight percent said inflation would likely be higher under a Trump presidency, up…
Nvidia stock eyes record high, looks to unseat Apple as world’s most valuable company
Nvidia stock (NVDA) is on track to notch a record high as investors continue to bet on the artificial intelligence boom, placing the chipmaker in contention for the top spot…
OPEC cuts 2024, 2025 global oil demand growth view again
By Alex Lawler LONDON (Reuters) -OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection…
Brazil Analysts Lift Interest Rate Forecasts as Inflation Picks Up
(Bloomberg) — Brazil analysts raised their key rate forecasts for next year after inflation sped up and President Luiz Inacio Lula da Silva reignited fears of even looser fiscal policy…
