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  • Nov 22, 2024

Oil Market ‘Complacent’ About Iran-Sanctions Risks, Rapidan Says

(Bloomberg) -- The oil market is “still complacent” about the geopolitical risks posed by the prospect of heightened sanctions against Iran and Russia, said Bob McNally, president of Rapidan Energy Group. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Ma

  • Nov 22, 2024

Suncor’s ‘Rock Star’ Firebag Oil Sands Site Hits Output Record

(Bloomberg) -- Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorc

  • Nov 22, 2024

New York Fed paper challenges notion of discount window stigma

The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on its head. The stigma in question is the long-running belief that when a bank borrows from the Fed's long-running emergency lending discount window, it will be perceived by others to be in trouble and face challenges as a result. To avoid those perceptions, banks will instead avoid the Fed, which in turn increases the risk that affected banks may find themselves in even deeper trouble.

  • Nov 22, 2024

Fed’s Pandemic Program to Help Main Street Is Now a Burden for Businesses

(Bloomberg) -- A Federal Reserve pandemic program aimed at supporting mid-size businesses is now having the opposite effect on some of them, burying them in high interest rates and balloon payments and leading to layoffs at companies struggling to stay afloat.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica T

  • Nov 22, 2024

Economists See Stubborn Inflation, Gradual Fed Rate-Cut Tempo

(Bloomberg) -- Economists see the Federal Reserve taking a more measured approach to interest-rate cuts next year amid stubborn inflation and limited prospects that price pressures can cool much under President-elect Donald Trump. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid

  • Nov 22, 2024

Slowing Mexico Inflation and Growth Open Door to Larger Cut

(Bloomberg) -- Mexico’s inflation decelerated in early November while the economy continues to lose momentum, giving the central bank room to cut interest rates for a fourth straight meeting next month.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summ

  • Nov 22, 2024

Private Credit, Fed Put Are Crushing Junk Spreads, Marty Fridson Says

(Bloomberg) -- The private debt boom, central bank support, high Treasury yields and investor base changes are keeping credit spreads artificially tight, according to junk bond guru Marty Fridson.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summers Fo

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