Kemp: over the past four weeks, traders had bought a total of 183 million barrels of crude and fuel futures. The ratio of bullish to bearish bets on oil and fuels had risen to almost 8:1. Kemp: oil markets may be ripe for a correction in prices. Oil traders have been gobbling up futures in …
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Credit rating agency Moody’s said Monday that a US government shutdown would be “credit negative.” Moody’s stated such a situation would highlight the weakness of institutional and governance strength compared to other top-rated governments. “In particular, it would demonstrate the significant constraints that intensifying political polarization put on fiscal policymaking at a time of declining …
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Israeli Prime Minister Benjamin Netanyahu said that an agreement leading to the normalization of relations with Saudi Arabia would be a “quantum leap” that would “change the Middle East forever.” On Friday, he told the United Nations General Assembly that the two countries are “on the cusp” of reaching a deal. Netanyahu told CNN that …
United States President Joe Biden said on Friday that he is planning a trip to Michigan on September 26 to show support for the United Auto Workers union and their strike “as they fight for a fair share of the value they helped create.” “It’s time for a win-win agreement that keeps American auto manufacturing …
Bank of Japan on hold; yen falls past 148/dollar 10-year Treasury yields breach 4.5% Ueda speaks at 0630 GMT; Europe PMIs ahead SINGAPORE, Sept 22 (Reuters) – Stocks eyed their worst week in a month on Friday and Treasuries hit decade lows as investors hunkered down for U.S. interest rates to stay high for some …
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The United Auto Workers (UAW) President Shawn Fain called on Friday for the labor unions of 38 parts distribution facilities of General Motors and Stellantis to join the strikes starting today at 12:00 pm ET, arguing that both companies have rejected the proposals to fulfill the demands of improving salaries and working conditions. “Both companies …
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Sept 21 (Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining stubbornly high. His comments came after the U.S. Federal Reserve held interest rates steady but stiffened a hawkish monetary policy stance …
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The Dow Jones Industrial Average went down by more than 200 points during Thursday’s premarket after the United States Federal Reserve decided to keep the key interest rate the same. The move sparked concerns with shareholders that the rates may remain elevated for longer than anticipated. The Dow Jones declined 0.59% or 201 points at …
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The U.S. Federal Reserve on Wednesday decided to hold interest rates steady for September, indicating next year may see fewer rate cuts that analysts had earlier anticipated. Still, amid inflation that remains elevated despite a fairly strong economy, the Fed has signaled there may be another rate hike later this year. This is only the …
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https://youtu.be/VWZKqpz9vRc United States Federal Reserve Chair Jerome Powell stressed on Wednesday at a press conference that the central bank is prepared to raise interest rates further should that be necessary in order for inflation to fall back to the 2% target. Powell noted that although a lot has been done, work is not over yet. …