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  • Nov 26, 2024

Three Reasons Why Bitcoin Risks Falling Below $90K: Godbole

BTC traders purchase protective put options in response to Monday's 5% decline.The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market.The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.

  • Nov 26, 2024

Alberta Prepares to Fight Trudeau Cap on Oil and Gas Emissions

(Bloomberg) -- Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry in opposition to Prime Minister Justin Trudeau.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes W

  • Nov 26, 2024

Fed minutes may show start of debate over how far to go on rate cuts

Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's Dec. 17-18 meeting. But how far they will go beyond that remains a wide-open question, with the minutes of the Fed's meeting earlier this month expected to show the start of a debate that will shape the financial landscape faced by the incoming Trump administration. While job growth slipped in October, the sense among policymakers was that the U.S. economy was continuing to beat expectations.

  • Nov 26, 2024

US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive

LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. "We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London. "A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said.

  • Nov 26, 2024

Fed Minutes to Offer Clues on How Far and Fast Officials Can Cut

(Bloomberg) -- Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener Fut

  • Nov 26, 2024

Deutsche Bank’s Chadha Targets S&P 500 at 7,000 as Economy Roars

(Bloomberg) -- The S&P 500 will hit 7,000 points by the end of next year, according to Deutsche Bank AG’s Bankim Chadha, making him the most optimistic among Wall Street strategists predicting further gains for US stocks. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billi

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