(Bloomberg) -- Oil steadied near its lowest level this month, with the outlook for demand in focus after OPEC cut projections on China’s slowdown.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictBrent crude traded near $72 a barrel after ending little changed on Tuesday, with West Texas Intermediate a
Why the euphoric post-election stock rally is disconnected from reality, according to a top economist
With expectations for rates to stay high, and slim Republican majorities in Congress, Trump's policies might not pump up business activity as expected.
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.
Asian Stocks Drop to Two-Month Low Before US CPI: Markets Wrap
(Bloomberg) -- Asian stocks fell to the lowest level in almost two months before US inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictEquity benchmarks fell in Hong Kong, Tokyo and Sydney, with the regiona
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. The Trump trade has pushed up U.S. Treasury yields as markets wager the Federal Reserve may temper the extent of its future rate cuts [US/].
Bitcoin Rally Cools After More Than 30% Jump Since Trump Victory
(Bloomberg) -- A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record
Shopify stock skyrockets ahead of the holiday season
Shopify stock surged only days from the start of the holiday shopping season.
Veteran analyst issues dire warning about stocks
The analyst says a popular economic concept may be put to the test.
China Taps Global Bankers for Feedback to Lift Market Confidence
(Bloomberg) -- China’s securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives on recent stimulus measures, according to people familiar with the matter.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Ar