(Bloomberg) -- Oil dropped as light pre-holiday trading exacerbated signs of diminishing risks from the conflict in the Middle East.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeWest Texas Intermediate shed 3.2% to settle below $69 a barrel. The Israeli ambas
Bitcoin ETFs Attract Record $3.13 Billion in Weekly Inflows Amid $100K Price Surge Hopes
Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares.
Russia’s war economy is on its last legs, but peace may be even worse for Vladimir Putin, experts say
“Russia cannot continue waging the current war beyond late 2025, when it will begin running out of key weapons systems.”
Citi’s strategists say Fed should pause, opposing its economists
(Bloomberg) -- Interest-rate strategists at Citigroup Inc. say the Federal Reserve should pause its interest-rate cuts, further isolating the bank’s economists, who’ve stuck with a call for a half-point move in December long after others on Wall Street abandoned it. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets
Trump Administration to Appoint Crypto Czar: What It Means for Your Crypto Portfolio
The Trump Administration's creation of a dedicated Crypto Czar could send shockwaves through the cryptocurrency market, with insiders hinting at a massive opportunity for a specific altcoin poised to skyrocket. Learn which coin is set to gain big and why this move could reshape the crypto landscape.
Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level
(Bloomberg) -- Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Bill
Fed's top expert on productivity sees case for optimism
An economic adviser at the Federal Reserve Bank of San Francisco known for his research into productivity trends published an analysis Monday that left open the possibility that a recent surge in productivity may not necessarily fade as it so often has in the past. John Fernald, economist emeritus at the San Francisco Fed and a professor at INSEAD in Fountainebleau, France, has long been cautious about extrapolating from short-term trends to conclude that the U.S. is entering a new period of breakout productivity growth like that from 1995 to 2004, which enabled big economic gains without inflation. Some Fed policymakers and analysts have expressed the hope that generative artificial intelligence and other innovations may already be setting the nation up for such a period, which lays the groundwork for improvements in living standards.