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Upstream jobs in Texas oil slipped in Nov, industry group says

Upstream oil companies wound down hiring in November, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil and gas industry. TIPRO represents nearly 3,000 independent producers and royalty owners across Texas, home to the prolific Permian Basin which accounts for just under half of total U.S. crude production, according to the Energy Information Administration.

Gold Advances as US Inflation Data Reaffirms Rate Cut Path

(Bloomberg) -- Gold climbed after the Federal Reserve’s favored US inflation gauge provided reassurance for policymakers looking to continue lowering borrowing costs in 2025.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe US central bank

European Stocks Suffer Worst Week Since September as Novo Sinks

(Bloomberg) -- European stocks posted the biggest weekly decline in over three months, as Danish drugmaker Novo Nordisk A/S sank 21% after a study showed underwhelming results from its obesity drug trial.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends

Muni Market’s Record Year for Mega Deals Gives Bankers a Win

(Bloomberg) -- It’s been a banner year for mega-municipal bond deals and Wall Street bankers only see it continuing through 2025.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThere have been a record of more than 60 outsized muni-bond sale