(Bloomberg) -- Australia’s central bank is closely monitoring the state of the labor market as persistent tightness may signal a stronger economy, Governor Michele Bullock said, adding that policymakers aren’t “pre-committed” to any path for interest rates.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquart
Oil prices dip but remain on track for weekly gain on supply jitters
Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine. Brent futures slipped by 62 cents, or 0.81%, to $75.86 a barrel by 1304 GMT while U.S. West Texas Intermediate crude lost 63 cents, or 0.87%, to $71.85. The market has taken a relatively neutral yet nervous stance on crude oil prices, said Ole Hansen at Saxo Bank, with Brent trading near the middle of the expected range for the year, between $65 and $85 a barrel.
Big-box retail just got a big warning — and stocks are tumbling
"With investors on edge on the post-holiday slowdown, WMT's comp shortfall vs. expectations touches a high anxiety point," said JPMorgan.
Stock investors may be overlooking this key bullish theme
"Industries that presumably stand to gain most are those that are most regulated," BofA's Savita Subramanian said.
RBNZ Welcomes Weaker Kiwi Dollar as Catalyst to Revive Economy
(Bloomberg) -- New Zealand’s central bank is welcoming a weaker exchange rate, saying it will help to revive economic growth this year.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE Cuts“The lower kiwi dollar is part of the reason we’re predictin
Milei Seeks Rebound From Crypto Saga on Visit to Trump World
(Bloomberg) -- For the first time since he stormed to power in 2023, Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal. A trip to Washington gives him a chance to get back on his front foot.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Hea
What the bond yields are saying about where to invest in the stock market, according to Morgan Stanley's CIO
Bond yields have surpassed a key level that suggests investors should focus on handful of sectors, according to Morgan Stanley's Mike Wilson.
Meta reduces stock options for staff despite trading at record highs, FT reports
Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base salaries and annual bonuses, the FT reported. Most employees have been told they would receive about 10% less equity this year, the FT reported, citing several people familiar with the matter. The exact reduction will depend on where the employees are based and their level within the organization, the report said.
Stocks tumble as Walmart sales growth forecast disappoints
Stocks tumbled from all-time highs Thursday in the wake of Walmart projecting a lower-than-expected sales outlook.
Walmart stock slides after issuing 'measured' sales outlook despite bumper holiday quarter
Walmart's quarterly revenue rose by more than 5%, but shares lost ground after the world's biggest retailer issued more-conservative sales guidance.