Author: Press Room

© Reuters. Traders are closely monitoring the oil markets as anticipation builds for the upcoming OPEC+ meeting scheduled for November 26th. This key gathering of oil-producing nations has sparked speculation about potential supply cuts, particularly led by Saudi Arabia, which has already driven West Texas Intermediate (WTI) and prices upward for two consecutive days. WTI is currently trading at $77.34 a barrel, while Brent stands at $81.85. Amidst these developments, the US Dollar has shown signs of weakness, dipping below critical technical averages in the DXY index, which tracks the currency against a basket of major peers like the Euro.…

peterschreiber.media Deutsche Bank has downgraded agilon health (NYSE:AGL) to hold, stating that it has “less confidence” that the company will be able to meet its medium-term earnings targets, though membership growth will likely “remain strong.” Describing agilon’s Q3 report as “messy,” Deutsche said that it found the company’s guidance targets to be “overly optimistic as it relates to medical margin.” “We see risk to 2024 expectations, where our estimates are below consensus and shares that seem fairly to richly valued,” it added. Deutsche’s revised price target for the stock is $12.

© Reuters. Investors across the globe are shifting their attention to riskier assets, leading to a downtrend in the (DXY), which hovered around 103.00 today. The move away from safe-haven currencies like the USD and Swiss Franc has been evident, with the dollar experiencing notable losses against the Japanese Yen (JPY) and the Chinese Yuan (CNY). This shift in sentiment comes as the market eagerly anticipates the release of the Federal Open Market Committee (FOMC) Minutes following November’s meeting where interest rates were left unchanged. The minutes, which are due for release, are highly anticipated as they may provide insights…

When Donald J. Trump left the White House, Democrats didn’t want to hear another word from him. President Biden dismissed him as “the former guy.” A party-wide consensus held that he was best left ignored.Three years later, Mr. Biden’s re-election campaign and Democratic officials across the party’s spectrum have landed on a new solution to his political slump:More Trump.Criticizing the news media for giving Mr. Trump a platform is out. Quietly pining for major networks to again broadcast live coverage of Trump campaign rallies is in.Behind the improbable longing for the former president to gobble up political oxygen again is…

Tax Notes contributing editor Nana Ama Sarfo discusses how lawmakers across the globe are looking to taxes to address problems with fast fashion.

Stay informed with free updatesSimply sign up to the EU trade myFT Digest — delivered directly to your inbox.France has signalled that it wants to delay the introduction of tariffs on electric vehicle sales between the UK and EU, removing a big obstacle to a new deal over the levy due to come into effect in January.Olivier Becht, French trade minister, told the Financial Times in an interview that his country wanted to resolve the issue. France had been the only big voice of opposition within the bloc to the UK’s request to postpone the 10 per cent duty on…

2/2 © Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo 2/2 By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials agreed at their last policy meeting they could take a cautious approach to raising U.S. interest rates moving forward, and would only need to move them higher “if” incoming information showed insufficient progress in lowering inflation. “All participants agreed that the (Federal Open Market) Committee was in a position to proceed carefully,” according to minutes of the Oct. 31-Nov. 1 session that were released on Tuesday. “Participants noted that further tightening of monetary…

© Reuters. Travelers wait at John F. Kennedy International Airport in New York City, U.S., April 6, 2023. REUTERS/Eduardo Munoz By Gabriella Borter and David Shepardson WASHINGTON (Reuters) -A severe storm system moving up the eastern seaboard of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel before the Thanksgiving holiday. Thunderstorms were forecast from the lower Mississippi Valley to the mid-Atlantic region from Tuesday through Wednesday morning, while snow was expected to fall on parts of northern New England, according to the U.S.…

Ingenious Buddy Once the Federal Reserve declares “all clear” on its strategy to curb inflation, initial public offerings (or IPOs) will start coming into the market, said TD Cowen President Jeff Solomon. During a CNBC interview, Solomon said that the Fed’s activity has had a chilling effect on capital markets, especially on equities, which have rallied, but in a very narrow way. Because of that, “we haven’t seen much of IPOs this year.” The “Magma” stocks have been driving most of the returns, he added. “It’s great to have the Nasdaq (COMP.IND) up 36% or so for the year, but…

© Reuters The Mexican peso’s recent surge against the US dollar took a breather today with the pair ticking up to 17.18, despite a general weakness in the dollar across Forex markets. Investors are closely watching Mexico’s economic indicators, such as retail sales and mid-November inflation data, which are expected to influence the Bank of Mexico’s (Banxico) interest rate decisions. Today, the market is also awaiting the Federal Reserve’s meeting minutes, which could sway market sentiment. This comes in the wake of US Existing Home Sales experiencing their most significant decline since November 2022. Despite the broader softness of the…