LONDON (Reuters) -Oil prices were steady on Friday but on course for weekly declines as markets waited to see if U.S. President Donald Trump will follow through on his threat to impose tariffs on Mexico and Canada on Saturday. Brent crude futures for March, which expire on Friday, were down 9 cents at $76.78 a barrel by 1420 GMT. Oil came under pressure from the potential negative economic impact of U.S. tariffs against Canada, Mexico and China, said PVM analyst Tamas Varga, adding that potential dollar appreciation as a result of tariffs also weighed on oil.
Zillow initiated, Electronic Arts upgraded: Wall Street's top analyst calls
Zillow initiated, Electronic Arts upgraded: Wall Street's top analyst calls
Bitwise Secures SEC Approval for Combined Bitcoin and Ethereum ETF
The U.S. Securities and Exchange Commission (SEC) has granted approval for Bitwise’s combined Bitcoin and Ethereum exchange-traded fund (ETF) on an accelerated basis.
Instant View: US Dec PCE inflation uptick supports Fed hold
The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, the Commerce Department said on Friday. Economists polled by Reuters had forecast the PCE price index climbing 0.3%. In the 12 months through December, the PCE price index advanced 2.6% after rising 2.4% in November.
Fed’s Favored Inflation Gauge Ends 2024 With a Muted Advance
(Bloomberg) -- The Federal Reserve’s preferred measure of underlying inflation remained muted in December and real incomes were soft, which should support further reductions in interest rates this year.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationManhattan’s Morning Commute Time Drops With New Congestion TollHistoric London Elevator Faces Last Stop in Labour’s Housing PushHousing Aid Uncertain After Trump’s Spen
PCE: Fed's preferred inflation gauge meets expectations in December
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate-cutting cycle.
Fed’s Bowman Wants More Inflation Progress Before Cutting Rates
(Bloomberg) -- Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank lowers interest rates further, and questioned how restrictive policy might be given the economy’s strength.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationManhattan’s Morning Commute Time Drops With New Congestion TollHistoric London Elevator Faces Last Stop in Labour’s Housing Push
‘Magical’ Efficient-Market Theory Rebuked in Era of Passive Investing
(Bloomberg) -- At first blush, stock trading this week is hardly a paragon of the market-efficiency theory, an oft-romanticized idea in Economics 101. After all, big equity gauges plunged on Monday, spurred by fears of an AI model released a week earlier, before swiftly rebounding.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationManhattan’s Morning Commute Time Drops With New Congestion TollHistoric London Elevator
UBS Tests ZKSync's Layer-2 Tech, Showing Deeper TradFi Interest in Crypto
The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.
Chile Stocks Headed for Best Start to Year Since 1997 on Reform
(Bloomberg) -- Chile’s benchmark stock index is on track to post its biggest monthly gain since July 2023 and best start to a year since 1997 after Congress approved a long-awaited pension reform.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces Last Stop in Labour’s Housing PushHousing Aid Uncertain After Trump’s Spending F