Oil Steadies as Geopolitical Risks Counter Oversupply Outlook
Oil steadied as traders weighed geopolitical tensions from Venezuela to Russia and Yemen against concerns about a global glut.
Oil steadied as traders weighed geopolitical tensions from Venezuela to Russia and Yemen against concerns about a global glut.
On today’s Big Take Asia podcast, how China went from fears of a lost decade to an AI-fueled comeback — and what its resilience means for global markets in 2026.
Stocks barely budged after the minutes of the Federal Reserve’s December meeting reinforced expectations for further interest-rate cuts next year. Silver and gold bounced back after plunging from all-time highs.
Minutes of the Dec. 9-10 Federal Open Market Committee meeting showed most officials see additional interest rate cuts as appropriate if inflation declines over time as expected. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
A small public library district in the southern suburbs of Chicago has missed a payment to bond investors despite its high credit rating, in the latest hiccup attributed to delayed local property-tax bills this year.
A record of the Federal Reserve’s December meeting showed most officials see additional interest rate cuts as appropriate if inflation declines over time as expected. Yet, some officials made clear they believe rates should remain on hold “for some time” after the December gathering. Minutes of the Dec. 9-10 Federal Open Market Committee meeting continued to point to divisions among US central bankers and to the difficulty of their most recent decision. “A few of those who supported lowering the
It's the end of an era. The New York City MetroCard is retiring on New Year's Eve. Here's what you need to know. (Source: Bloomberg)
Copper recorded the longest winning run since 2017 in a December rally powered by the prospect of more stress in the supply chain.
After decades of financial crises, Argentines tend to keep their money just about anywhere except a bank — under the couch, dug in the backyard or in bulletproof bunkers. One ex-politician famously stashed cash at his local convent. The nuns helped out.
Macquarie Asset Management committed to putting a further £245 million ($330 million) of equity into Southern Water Ltd. as part of a plan to strengthen the finances of the UK utility.