(Bloomberg) -- Oil edged higher for a third day, settling below $69 a barrel, as traders weighed bullish gasoline draws in the US with a dour long-term outlook. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsA
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Brent crude futures settled 28 cents, or 0.4% higher at $72.56 a barrel, while U.S. West Texas Intermediate crude futures rose 27 cents, or 0.4% at $68.70. Both benchmarks had briefly dipped into negative territory during the trading session. Brent was on track to lose about 1.7% for the week, while WTI was set to end the week over 2% lower due to a stronger U.S. dollar and worries about rising supply amid slow demand growth.
How Trump’s proposed tariffs could affect the cost of jeans, appliances, and everyday items
Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese goods.
China Copper Buyers Cut Annual Contracts With Market in Flux
(Bloomberg) -- China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural
Coinbase app climbs in ranking after Trump's win and bitcoin shatters records
Following Trump’s re-election earlier this month, the popular crypto exchange app is experiencing a resurgence in interest.
Banxico Cuts for Third Meeting as Core Inflation Slows
(Bloomberg) -- Mexico delivered a third straight interest rate cut as a key measure of underlying inflation retreats and concerns mount over the slowdown in Latin America’s No. 2 economy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway
GSK Raises Prospects For Withdrawn Blood Cancer Drug Blenrep To Return To US Market - Here's Why
On Thursday, GSK plc (NYSE:GSK) released headline results from a planned interim analysis of the DREAMM-7 head-to-head phase 3 trial of Blenrep (belantamab mafodotin) in combination with bortezomib plus dexamethasone (BorDex) as a second-line or later treatment for relapsed or refractory multiple myeloma. The trial met the key secondary endpoint of overall survival (OS), showing that belantamab mafodotin when combined with BorDex significantly reduced the risk of death versus standard of care da
What Is Plug Power's Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth
Analysts revised the price target or estimates on Plug Power, Inc. (NASDAQ:PLUG) after the company reported weak third-quarter results and provided FY25 guidance. On Wednesday, Plug provided its financial outlook for 2025, projecting revenue between $850 million and $950 million (street view: $1.185 billion). Looking further ahead, the company aims for a target revenue of approximately $3.75 billion by 2030. Also this week, Plug Power reported third-quarter revenue of $173.73 million, which miss
Why Bitcoin could be the ultimate freedom tool against war and inflation
How Bitcoin’s self-custody could empower individuals against the inflation-driven control of fiat currencies.
Can inflation fuel Bitcoin's rise? What U.S. debt policies mean for the market
With soaring debt and slowing growth, the U.S. considers drastic economic measures to balance spending.