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  • Nov 25, 2024

Oil falls more than $2 a barrel on possible Middle East peace deal

HOUSTON (Reuters) -Oil prices fell more than $2 a barrel on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Israel said on Monday it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address, while Lebanese officials voiced guarded optimism but said Israeli Prime Minister Benjamin Netanyahu was not to be trusted. "It seems the news of a ceasefire between Israel and Lebanon is behind the price drop, though no supply has been disrupted due to the conflict between the two countries and the risk premium in oil has been low already before the latest price decline," said Giovanni Staunovo of UBS.

  • Nov 25, 2024

Oil Drops as Israel Moves Closer to Cease-Fire With Hezbollah

(Bloomberg) -- Oil dropped as light pre-holiday trading exacerbated signs of diminishing risks from the conflict in the Middle East.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 Billion PledgeWest Texas Intermediate shed 3.2% to settle below $69 a barrel. The Israeli ambas

  • Nov 25, 2024

Citi’s strategists say Fed should pause, opposing its economists

(Bloomberg) -- Interest-rate strategists at Citigroup Inc. say the Federal Reserve should pause its interest-rate cuts, further isolating the bank’s economists, who’ve stuck with a call for a half-point move in December long after others on Wall Street abandoned it. 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

  • Nov 25, 2024

Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level

(Bloomberg) -- Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched.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 Bill

  • Nov 25, 2024

Fed's top expert on productivity sees case for optimism

An economic adviser at the Federal Reserve Bank of San Francisco known for his research into productivity trends published an analysis Monday that left open the possibility that a recent surge in productivity may not necessarily fade as it so often has in the past. John Fernald, economist emeritus at the San Francisco Fed and a professor at INSEAD in Fountainebleau, France, has long been cautious about extrapolating from short-term trends to conclude that the U.S. is entering a new period of breakout productivity growth like that from 1995 to 2004, which enabled big economic gains without inflation. Some Fed policymakers and analysts have expressed the hope that generative artificial intelligence and other innovations may already be setting the nation up for such a period, which lays the groundwork for improvements in living standards.

  • Nov 25, 2024

Robert Kiyosaki: 'Trump Will Make America Richer Again By Being The First Bitcoin President'

Investor and author Robert Kiyosaki has criticized the U.S. Federal Reserve and commended Michael Saylor, co-founder and executive chairman of MicroStrategy Inc. for his aggressive Bitcoin acquisition strategy. What Happened: Kiyosaki, known for his pro-cryptocurrency stance, took to social media X to voice his skepticism about the Fed's policies and inflation management. Don't Miss: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Y

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