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Economy, Energy

“U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes”

“U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global… Continue Reading…

Cryptocurrencies

[Claim] “Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run”

“While bitcoin has gotten a small bump at the start of the year, in line with risk assets like stocks, experts say bitcoin is unlikely to retest its all-time high of just under $69,000 but it may have bottomed… “There’s… Continue Reading…

Economy

“Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling”

“Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the… Continue Reading…

Economy

“Job growth disappoints in November, with a gain of just 210,000, despite high hopes”

“ Nonfarm payrolls increased by 210,000 in November, following a gain of 546,000 the previous month. The number was well below Wall Street expectations of 573,000. Despite the big hiring miss, the unemployment rate fell to 4.2%, a 0.4% percentage… Continue Reading…