adminGoldman Cuts Oil Outlook Below $80 as OPEC+ Risks Send Chill
(Bloomberg) — Wall Street is beginning to sour on the outlook for crude next year, with Goldman Sachs Group Inc. and Morgan Stanley lowering price forecasts as global supplies increase,…
U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida’s economy, report finds
Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the…
Oil Steadies After Surging Monday on Threat to Libyan Supply
(Bloomberg) — Oil steadied in Asian trading after jumping more than 3% on Monday as Libya’s eastern government said it would halt exports. Most Read from Bloomberg West Texas Intermediate…
Investors are betting the Powell pivot will relieve regional bank woes
A pivot from Federal Reserve Chair Jerome Powell has investors betting that US bank stocks are poised to move higher as lower interest rates are expected to provide much-needed relief…
US firms’ ‘low firing’ approach may turn to more layoffs, Fed’s Barkin tells BBG
By Howard Schneider WASHINGTON (Reuters) – The "low-hiring, low-firing" approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve President Thomas Barkin said…
Libyan Rival Government to Stop Oil Output Over Bank Row
(Bloomberg) — Libya’s eastern government said it will shut down all oil production and exports, after a spat with its Tripoli-based rival escalated over control of the central bank. Most…
Exxon forecasts 2050 oil demand to match today’s, 25% above BP estimate
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels,…
Its economy and infrastructure battered, can Lebanon afford a war with Israel?
BEIRUT (AP) — The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border. The risks for Lebanon are…
Global Stocks Near Record on Countdown to Fed Cut: Markets Wrap
(Bloomberg) — A gauge of global stocks traded near its record high Monday as the prospect of Federal Reserve interest rate cuts on the horizon stoked sentiment. Most Read from…
Oil Rises as Israeli Strikes on Lebanon Ratchet Tensions Higher
(Bloomberg) — Oil advanced as the Middle East braced for escalating conflict after an Israeli strike on Hezbollah targets in southern Lebanon. Most Read from Bloomberg Global benchmark Brent rose…
