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  • Jan 02, 2025

Biden to Ban More Offshore Oil Drilling Before Trump Arrives

(Bloomberg) -- President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned-Out Parents Need Better Public SpacesA Commuting Resoluti

  • Jan 02, 2025

Stocks stumble as Tesla weighs, dollar hits 2-yr high

NEW YORK (Reuters) -Global stocks fell on Thursday as early gains faded, continuing the year-end downdraft into the first trading day of the new year, while the dollar hit a two-year high after economic data indicated the U.S. labor market remained on solid ground. On Wall Street, U.S. stocks closed broadly lower after initial gains failed to hold, with the S&P 500 and Nasdaq notching their fifth straight daily decline, the longest skid since April. The U.S. Labor Department reported that the number of Americans filing new applications for unemployment benefits dropped to an eight-month low of 211,000 last week, below the 222,000 estimate of economists polled by Reuters.

  • Jan 02, 2025

Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets

(Bloomberg) -- Digital-asset prime brokerage firm FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023 by two crypto industry veterans.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned-Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusTerms of the transaction weren’t d

  • Jan 02, 2025

Wall Street ends lower on first trading session of 2025; Tesla weighs

All three major U.S. stocks ended the session in negative territory, a reversal of an earlier rally but off session lows. "We had some macro news but somewhat mixed and you know we have a very strong dollar today," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

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