United States President Donald Trump told reporters that it seems like the government shutdown is “getting close” to ending, following reports that said there are now enough Senate Democrats in favor of a deal. “It looks like we’re getting close to the shutdown ending. You’ll know very soon,” Trump said upon arriving back at the …
The Consumer Sentiment Index in the United States slipped by 6.2% in November compared to the previous month, to stand at 50.3, a preliminary report posted by the University of Michigan showed on Friday. The figure plunged 29.9% on an annual level. The Current Economic Conditions Index slumped 10.8% in the reported period compared to …
Iranian President Masoud Pezeshkian declared on Friday that the country will not abandon its nuclear program or its defensive missile program. According to state media, the Iranian president pointed out that Tehran is “willing” to negotiate over the country’s nuclear program, but stressed that the missile program is “off the table.” Furthermore, he reiterated that …
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Job cuts in the United States jumped 183% in October compared to the previous month, according to a Challenger, Gray & Christmas Inc. report published on Thursday. There were 153,074 cuts last month, compared to 54,064 in September. Annually, job cuts surged 175%. The tech sector was the biggest contributor at 33,281 job cuts, followed …
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Israeli Deputy Foreign Minister Sharren Haskel said on Wednesday that the election of Democratic candidate Zohran Mamdani as New York City mayor is “deeply concerning given his history of anti-Israel and anti-Jewish rhetoric.” The minister ensured that the Israeli authorities will keep working on securing “safety and dignity” of the Jewish community inAdditionally, Israeli Diaspora …
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The cryptocurrency market declined sharply on Tuesday, with Bitcoin falling 6% and slipping below $100,000, the lowest level since June. The slide follows rising investor caution amid economic uncertainty and comments from Federal Reserve Chair Jerome Powell suggesting rates may stay elevated longer. Bitcoin hit a low of $99,933 before climbing to $100,460 by 1:49 pm ET, …
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Skandinaviska Enskilda Banken AB (SEB)in a report sent to Rigzone by the SEB team on Thursday, SEB Commodities Analyst Ole R. Hvalbye outlined that “fresh U.S. sanctions reignited strong upside momentum” in the oil market. “The U.S. has now announced sanctions targeting Russia’s two largest oil producers, Rosneft PJSC and Lukoil PJSC, effectively blacklisting both …
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The United States is preparing plans to send troops to Mexico for an anti-drug trafficking operation, NBC News reported on Monday. The mission is still allegedly in the early stages, which involve training and outlining its scope. According to unnamed current and former US officials, the military would “mainly use drone strikes to hit drug …
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OPEC Secretary-General Haitham Al-Ghais (pictured) revealed on Monday that global oil demand is expected to grow by 1.3 million barrels per day in 2025. Speaking at the ADIPEC energy conference in Abu Dhabi, he stressed that OPEC has been “consistently and regularly” returning barrels to the market to maintain stability. The statement comes a day …
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OPEC+ agreed to make another small output increase in December but will pause further hikes for the following three months, as the group balances its push for market share against signs of an emerging supply glut. Key members led by Saudi Arabia agreed during a video conference on Sunday to revive about 137,000 barrels a …
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