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Stocks Rise on Dovish Rate Bets; Bond Rally Pauses: Markets Wrap
Bloomberg via Yahoo Finance· 26 minutes ago(Bloomberg) -- Stocks advanced on speculation that a cooling economy will give the Federal Reserve...
Oil Holds Near Four-Month Low on Signs of Rising US Stockpiles
Bloomberg via Yahoo Finance· 22 minutes ago(Bloomberg) -- Oil held losses near a four-month low as an industry report pointed to an increase in...
Trafigura Settles Billionaire Reuben Brothers’ Nickel Fraud Suit
Bloomberg via Yahoo Finance· 22 hours ago(Bloomberg) -- Commodity trader Trafigura Group has settled a London lawsuit brought by the...
Oil Algorithmic Traders Amplify Crude Price Rout After OPEC’s Surprise
Bloomberg via Yahoo Finance· 16 hours ago(Bloomberg) -- Oil traders that rely on trend-following algorithms compounded a selloff in crude...
Cargill Stops Trading Steel in China After Years of Slowdown
Bloomberg via Yahoo Finance· 21 hours ago(Bloomberg) -- Commodities giant Cargill Inc. has ceased its steel trading business in mainland...
China’s Unusually Large Copper Stockpiles Fuel Demand Concerns
Bloomberg via Yahoo Finance· 6 hours ago(Bloomberg) -- China’s copper inventories are growing at exactly the time of year when they should...
Oil Slides to Four-Month Lows as OPEC+ Deepens Bearish Sentiment
Bloomberg via Yahoo Finance· 14 hours ago(Bloomberg) -- Oil fell to the lowest in about four months after OPEC+’s plan to loosen its...
Money-Minting Peso Trade Upended by Mexico’s Election Shock
Bloomberg via Yahoo Finance· 12 hours ago(Bloomberg) -- For the last two years, the world’s fund managers had a recipe to mint money in...
Marcelo Claure-Backed Fund Seeks Saudi Cash for Brazil Deals
Bloomberg via Yahoo Finance· 13 hours ago(Bloomberg) -- A Brazilian investment firm backed by billionaire Marcelo Claure is in talks with...
OPEC’s Surprise Output Hike Offers Biden Break on Gas Prices
Bloomberg via Yahoo News· 13 hours ago(Bloomberg) -- US President Joe Biden may have just received a timely election boost from an...