(Bloomberg) -- Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayWest Texas Intermediate fell 0.7% to settle below $70 a barrel. US natural gas futures fell by more than 5% Thursday, dragging down the energy complex after forecasts pointed to lower-than-anticipated heating demand. Recurring applications f
Toyota's Stock Surges on Reported Plans to Raise Its Return on Equity
U.S.-traded shares of Toyota Motor surged Thursday following a report from Nikkei that the carmaker is aiming for a 20% return on equity.
Repo Rates Rise Even After Fed Tweak Meant to Dampen Volatility
(Bloomberg) -- Key rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in an effort to rein in volatility.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayThe Secured Overnight Financing Rate — an important one-day lending benchmark linked to activity in the repurchase agreement market — jumped to 4.40% as of Dec. 24 from 4.31%, according
Ryde Secures 3-Year License Renewal in Singapore, Stock Gains
Ryde Group Ltd. (AMEX:RYDE) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses for three years in Singapore. As Singapore’s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience. Subashini Thanakodi, Associate Director of Operations, said, “We are deeply honored to have achieved this milestone, which reflects Ryde’s commitment to creating sustainabl
Mortgage rates end 2024 on a high note – unfortunately for the housing market
Mortgage rates have remained elevated along with inflation - and there are signs it will continue in 2025.
Trump’s ‘Made in USA’ Bitcoin Is Promise Impossible to Keep
(Bloomberg) -- As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayMigrant Crisis Pushed US Homelessness to Record High in 2024Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago with a group of executives from cry
GameStop gets a holiday boost as Roaring Kitty’s festive post surges stock price
Shares of the popular meme stock GameStop (GME) (GME) increased on Thursday afternoon after Keith Gill, the investor popularly known as “Roaring Kitty,” shared an image of a wrapped Christmas present on X.
Apple Stock Hits All-Time High Thursday as Analyst Sees 'Golden Era of Growth' With AI
Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.
Stock market today: Stocks edge lower after a holiday pause for US markets
Stocks edged lower on Wall Street Thursday morning as U.S. markets reopened for trading after the Christmas holiday. The benchmark index is coming off a three-day winning streak. Big Tech stocks were among the biggest weights on the market.
Progressive, EverQuote upgraded: Wall Street's top analyst calls
Progressive, EverQuote upgraded: Wall Street's top analyst calls