LONDON (Reuters) -Oil futures jumped by about 1% on Monday as a potential hurricane approaching the U.S. Gulf Coast helped oil prices to recover some of the previous week's heavy losses. Brent crude rose 67 cents, or 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 68 cents, or 1%, at $68.35. Prices of Brent crude had fallen in each of the past six trading sessions, retreating by more than 11%, or nearly $9 a barrel, to register the lowest closing price since December 2021 on Friday.
Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks
(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to
Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks
(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to
Connect Underwriting debuts MGA for emerging markets
The launch is part of the company's strategy to serve as a gateway for international reinsurers seeking access to the London market.
Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, the world's largest cryptocurrency could drop to as low as $30K, the report said.
Traders keep half an eye on CPI as jobs fear outweighs inflation
(Bloomberg) -- For two years since the Federal Reserve started its aggressive fight against inflation, equity traders have been glued to their screens on days when the consumer price index was reported.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the
Nvidia Doubled Its Money on This Artificial Intelligence (AI) Stock. Should You Buy It Too?
SoundHound AI is a leader in conversational AI technologies, and it's amassing an impressive list of customers.