Information

  • Dec 20, 2024

Bank of Russia Holds Key Rate at 21% Even as Inflation Rises

(Bloomberg) -- The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on

  • Dec 20, 2024

Trafigura, Gunvor Weigh Trump Wildcard Against Oil Glut in 2025

(Bloomberg) -- Two of the world’s biggest oil traders are expecting the market to be oversupplied next year — but both agree that Donald Trump might just change everything.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalTrafigura Group and G

  • Dec 20, 2024

Oil Set for Weekly Drop on Fed’s Slower Path and Tariff Risks

(Bloomberg) -- Crude extended a weekly drop as traders weighed the outlook for slower easing by the Federal Reserve and Donald Trump’s tariff threat on EU countries unless they buy more US oil and gas.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalRescuing a Little-Known Modernist Landmark in BuffaloBrent futures fell tow

  • Dec 20, 2024

Fed's Preferred Inflation Gauge Falls More Than Expected: Markets Breathe Sigh Of Relief

The Federal Reserve’s key inflation measure came in below expectations for November, delivering welcome relief Friday to markets after the central bank warned earlier this week of mounting price pressures heading into the new year. The Personal Consumption Expenditures price index grew by 2.4% in November 2024 on a year-over-year basis, up from 2.3% in October, according to government data. The figure missed economist forecasts of 2.5%, yet it marked the second consecutive monthly increase in th

  • Dec 20, 2024

Bitcoin plunges back below $95,000

Bitcoin sunk below $92,000 early Friday before recovering some ground, on the heels of the Federal Reserve signaling a slowdown in interest rate cuts for 2025.

  • Dec 20, 2024

Fed’s Daly Says She’s ‘Very Comfortable’ With Two 2025 Rate Cuts

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts next year, emphasizing the central bank can turn to a slower approach.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landm

  • Dec 20, 2024

Oil falls on demand growth concerns, robust dollar

LONDON (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 3%. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China's crude imports could peak as soon as 2025 and the country's oil consumption would peak by 2027 as diesel and gasoline demand weaken. "Benchmark crude prices are in a prolonged consolidation phase as the market heads towards the year-end weighed by uncertainty in oil demand growth," said Emril Jamil, senior research specialist at LSEG.

  • Dec 20, 2024

Winnebago Industries Stock Falls After Q1 Earnings Miss Amid Challenging Marine Operating Environment

Winnebago Industries, Inc. (NYSE:WGO) shares are trading lower in the premarket session on Friday. The company reported first-quarter adjusted loss per share of 3 cents, missing the analyst consensus estimate for EPS of 20 cents. Quarterly sales were $625.60 million (down 18%), which was missing the analyst consensus estimate of $672.232 million. Revenues fell amid lower unit volume and a reduced average selling price per unit related to product mix. Gross profit was $76.8 million, a decrease of

Popular Post