adminOil retreats but heads for weekly climb on potential Mideast supply disruption
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors…
South Korea’s central bank cuts rates in a bid to boost the economy
SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish…
Feds slap TD Bank with $3.1 billion in fines for money laundering of fentanyl trafficking and terrorist financing
At a press event this afternoon, U.S. attorney general Merrick Garland said TD Bank was the largest bank in U.S. history to plead guilty to Bank Secrecy Act failures, and…
Oil Set for Weekly Gain as Israel Plans Response to Iran Attack
(Bloomberg) — Oil headed for a second weekly gain — after surging by more than 3% on Thursday — as Israel readied plans to retaliate against Iran, raising the specter…
Bank Earnings to Give Stock Market Key Read on Health of Economy
(Bloomberg) — Wall Street is poised for a glimpse into the outlook for the biggest US banks as the Federal Reserve starts dialing back interest rates and uncertainty continues to…
Three Fed Officials Shrug Off CPI Report, Bostic Open to Pause
(Bloomberg) — Three Federal Reserve policymakers on Thursday were unfazed by a higher-than-forecast September inflation report, suggesting the US central bank can continue lowering interest rates, but a fourth hinted…
Fed seen delivering 25 bps cut next month after inflation data
(Reuters) – Traders on Thursday added to bets the Federal Reserve will deliver a 25 basis point interest-rate cut in November after a government report showed inflation last month was…
Inflation: Consumer price increases in September come in slightly hotter than estimates
A closely watched report on US inflation showed consumer price increases ticked lower on an annual basis during the month of September but "core" prices remained sticky, according to the…
Oil Gains as Traders Monitor Middle East While Stockpiles Climb
(Bloomberg) — Oil edged higher after a two-day decline as traders watched for an Israeli response to Iran’s missile attack early last week, while US crude stockpiles expanded the most…
Chinese Stocks Rally; Markets Await US Inflation: Markets Wrap
(Bloomberg) — Stocks in China jumped after the release of details on stimulus measures as investors turned their focus to US inflation data, which will shape the Federal Reserve’s policy…
