BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book impairments of between $1.0 billion to $2.0 billion in the fourth quarter.
US benchmark equity indexes were tracking in the green before the opening bell Tuesday as traders aw
Fundstrat's head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target.
(Bloomberg) -- The UK paid the most in decades to sell 30-year inflation-linked debt after a punishing selloff that’s seen investors dump British stocks, bonds and the pound.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesThe interest rate of 2.126% the government must pay on top of inflation for the £1 billion ($1.2 billion) of bonds sold at auction on Tuesday was the highest in data going back to 2006. The last time the so-call
Your day-ahead look for Jan. 14, 2025
Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest. The vessel Radiant Pride transported about 300,000 barrels of Bretaña from Manaus, on the banks of the Negro river in Brazil, and discharged on Jan. 2 in Houston, ship tracking data from Kpler and LSEG showed.
Thanks largely to a stabilisation of bond markets and an ebbing of the super-strong dollar, global stocks caught a rare new year bid on Tuesday with critical inflation and corporate earnings updates now in view. A slightly bizarre narrative developed behind Monday's bounce in stocks, with some citing a Bloomberg report claiming President-elect Donald Trump's team is studying gradual tariff hikes - using emergency legislation to boost import duties 2%-5% per month until they wreak concessions from trade partners. With December producer and consumer price reports due out today and Wednesday, respectively, 10-year benchmark Treasury yields have dialled back from 14-month highs above 4.8% hit on Monday and 30-year 'long bond' yields are balking at 5% for now.
Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone's throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. But why? We dive deep into a classic financial question.
Electric vehicles, EVs, have scooped up plenty of hype in recent years – and controversy. Debates on the technology are still ongoing, with many questions remaining on EV adoption. Can EVs match the range and all-weather performance of gasoline-powered vehicles? Can EV pricing come down, to broaden the potential customer base? Can charging networks be expanded sufficiently to support a true EV transition? For the near-term, we don’t have complete answers to these questions. We do know that the w
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
