Information

  • Dec 26, 2024

Oil Dips in Thin Trading on Soft US Data, Natural Gas Outlook

(Bloomberg) -- Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayWest Texas Intermediate fell 0.7% to settle below $70 a barrel. US natural gas futures fell by more than 5% Thursday, dragging down the energy complex after forecasts pointed to lower-than-anticipated heating demand. Recurring applications f

  • Dec 26, 2024

Repo Rates Rise Even After Fed Tweak Meant to Dampen Volatility

(Bloomberg) -- Key rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in an effort to rein in volatility.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayThe Secured Overnight Financing Rate — an important one-day lending benchmark linked to activity in the repurchase agreement market — jumped to 4.40% as of Dec. 24 from 4.31%, according

  • Dec 26, 2024

Ryde Secures 3-Year License Renewal in Singapore, Stock Gains

Ryde Group Ltd. (AMEX:RYDE) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses for three years in Singapore. As Singapore’s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience. Subashini Thanakodi, Associate Director of Operations, said, “We are deeply honored to have achieved this milestone, which reflects Ryde’s commitment to creating sustainabl

  • Dec 26, 2024

Trump’s ‘Made in USA’ Bitcoin Is Promise Impossible to Keep

(Bloomberg) -- As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayMigrant Crisis Pushed US Homelessness to Record High in 2024Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago with a group of executives from cry

Popular Post