(Bloomberg) -- Some of the bullish trades put on in the days around the US presidential election are being unwound as the prospect of slower interest-rate cuts have helped halt the stock rally. Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of
Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25
(Bloomberg) -- Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Prici
Nomura’s Trading Clients Return After Market Manipulation Probe
(Bloomberg) -- Some clients of Nomura Holdings Inc. are restarting business with the Japanese brokerage after it took steps to address concerns arising from a regulatory probe into market manipulation, according to people with knowledge of the matter.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 To
Morgan Stanley, Goldman Turn More Cautious on China Stocks
(Bloomberg) -- Wall Street brokerages have turned more cautious on Chinese stocks as persistent deflationary pressures and geopolitical tensions cloud the outlook for earnings in the world’s second-largest equity market.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe
Philippines Starts Interest Rate Swaps to Deepen Bond Market
(Bloomberg) -- The Philippines kicked off on Monday a new interest rate swap market to boost bond trading and liquidity as part of reforms to develop its capital market. Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of Running Dry by Year-End
Oil prices edge higher after Russia-Ukraine tensions escalate
Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%. In a significant reversal of Washington's policy in the Ukraine-Russia conflict, President Joe Biden's administration has allowed Ukraine to use U.S.-made weapons to strike deep into Russia, two U.S. officials and a source familiar with the decision said on Sunday.
Bitcoin Churns Near $90,000 After Largest Drop Since US Election
(Bloomberg) -- Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets as traders assess the potential impact of President-elect Donald Trump’s policy agenda.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimb
Analysts revise Intuitive Machines stock price target after earnings
This is what could happen next to shares of Intuitive Machines.
Wall Street may now have to take Trump literally as the battle for Treasury secretary focuses on a centerpiece campaign pledge
Trump's advisers are seeking assurances from the top Treasury candidates that they are committed to his aggressive tariffs, sources told the FT.
More people are dropping out of the creator economy as those at the top get a bigger share of brand deals
The share of Bank of America customers earning income as content creators has declined for three years in a row.