Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil
A reversal of Biden's decision four years ago to return to the landmark U.N. climate agreement would create a harmful yo-yo effect for businesses that plan investments over the long term.
Wall Street Veteran Predicts S&P 500 To Hit 10,000 By 2029: 'Roaring 2020s'
In a bold projection that's sure to grab attention, veteran Wall Street strategist Ed Yardeni is calling for the S&P 500 index to soar to 10,000 by the end of the decade due to a “Trump 2.0” boost after Donald Trump's recent election victory. Yardeni, a longtime market analyst, said Tuesday that Trump's return to the White House — alongside a likely Republican-controlled Congress — will bring in a major regime shift that's positive for U.S. stocks, the economy and corporate profits. Why Yardeni
Analysts Are Bullish on Nvidia Stock Ahead of Earnings Next Week
Nvidia shares rose Tuesday after analysts at Mizuho raised their price target for the company’s stock ahead of its third-quarter results due Nov. 20.
US banks saw weaker loan demand in the third quarter, Fed survey shows
The net share of banks seeing stronger demand for commercial and industrial loans from large and medium business clients during the third quarter fell to negative 21.3% from zero in the second quarter and from small firms slid to negative 18.6% from zero, according to the Fed's quarterly Senior Loan Officer Opinion Survey, or SLOOS. On the consumer front, the net share of banks reporting stronger demand for credit card loans fell to negative 2.1% from a positive 2.0% in the second quarter. For auto loans, it fell to minus 12.8% from minus 10.4%.
How Escape Hatches Can Boost Crypto’s Reputation
Liquidation, hacks and thefts have plagued the industry. It’s time for a hard-wired cheat-proof feature that pays on-chain creditors in an orderly way, says StarkWare CEO Eli Ben-Sasson.
Don't Look Now, but Dogecoin Is Up Another 20% Today
Dogecoin is among the top movers in today's crypto market, continuing to ride Donald Trump's (and Elon Musk's) coattails higher.
Fed’s Kashkari Says Only Inflation Could Derail December Cut
(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictAsked what could cause po
Argentine consumers feel squeezed even as inflation dips below 200%
BUENOS AIRES (Reuters) -Argentine inflation has dipped to 193%, landing below the 200% threshold for the first time in close to a year, data from statistics agency INDEC showed on Tuesday, as President Javier Milei's dramatic austerity agenda bears fruit. Slowing inflation, pulled back in part by the government's dramatic public spending adjustments, has however come at the cost of consumption in a battered economy where more than half of the country has fallen into poverty. Data from INDEC showed that monthly inflation slowed to 2.7% in October from 3.5% the previous month, its lowest since November 2021.