Market Analysis

Oil Jumps as US Gulf Hurricane Spurs Short-Covering by Traders
  • September 11, 2024

Oil Jumps as US Gulf Hurricane Spurs Short-Covering by Traders

(Bloomberg) -- Oil climbed the most in two weeks as Hurricane Francine ripped through key oil-producing zones in the US Gulf of Mexico, prompting traders to cover bearish bets. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Gives Transfer Students a Purpose-Built Home on Campu

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Brazil Finance Chief Says Severe Weather Risks Fanning Inflation
  • September 11, 2024

Brazil Finance Chief Says Severe Weather Risks Fanning Inflation

(Bloomberg) -- Brazil Finance Minister Fernando Haddad said the government is worried a resurgence in extreme weather will spur inflation as central bankers are expected to lift the interest rate starting next week.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Gives Transfer

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Goldman’s Solomon Sees Case for Half-Point Fed Rate Cut as Jobs Soften
  • September 11, 2024

Goldman’s Solomon Sees Case for Half-Point Fed Rate Cut as Jobs Soften

(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said there’s still a chance that the Federal Reserve could opt for a bigger rate cut than expected because of emerging signs of weakness in the employment market.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC

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Gold Slips After Rise in Core Inflation Dims Odds of a Jumbo Cut
  • September 11, 2024

Gold Slips After Rise in Core Inflation Dims Odds of a Jumbo Cut

(Bloomberg) -- Gold fell after a key economic report showed underlying US inflation unexpectedly picked up in August as housing costs accelerated, lowering the possibility of an outsize Federal Reserve interest-rate cut next week.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley

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Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut
  • September 11, 2024

Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut

(Bloomberg) -- Sign up for the Economics Daily newsletter to discover what's driving the global economy.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusUnderlying US inflation unexpectedly picked up in August on higher price

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Israel Finance Ministry Cuts Growth Forecast as War in Gaza Hits Economy
  • September 9, 2024

Israel Finance Ministry Cuts Growth Forecast as War in Gaza Hits Economy

(Bloomberg) -- Israel’s finance ministry slashed its projection for growth for 2024, underlining the strain the almost year-long war against Hamas has put on the country’s economy.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 Trevi FountainGross d

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