Houthis Say Tugs Can Tow Away Stricken Red Sea Oil Tanker

(Bloomberg) -- Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might help avert an environmental disaster.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past Ab

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Houthi video shows the Yemeni rebels planted bombs on tanker now threatening Red Sea oil spill

Yemen's Houthi rebels released footage on Thursday showing their fighters boarded and placed explosives on a Greek-flagged tanker, setting off blasts that put the Red Sea at risk of a major oil spill. The vessel was abandoned earlier, after the Houthis repeatedly attacked it. In the video, the Iran-backed Houthis chant their motto as the bombs detonated aboard the oil tanker Sounion: “God is the greatest; death to America; death to Israel; curse the Jews; victory to Islam.”

Nvidia’s business is growing faster than expected. Investors were still disappointed.

Dollar Eyes 2024’s Biggest Monthly Loss as Fed Signals Cut

(Bloomberg) -- The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major peers around the globe.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones Follow

Treasury Yields Rise After Resilient Data Suggests Measured Fed

(Bloomberg) -- US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more scarce, a sign that the unemployment rate probably remained elevated in August. Though the labor market is slowing, it is doing so in an orderly fashion that is keeping the economic expansion on track. The economy grew faster than initially thought in the second quarter, powered by consumer spending, other data showed on Thursday.

Gold Holds Gains as Traders Digest Data, Await Inflation Print

(Bloomberg) -- Gold held gains as traders assessed the latest US data while awaiting a key inflation gauge that may shed more light on the path of the Federal Reserve’s interest-rate policy.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past A

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

(Bloomberg) -- Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profitability. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warni