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KoreanA December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.
Oil Ekes Out Third Straight Gain Even as Outlook Turns Bearish
(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