Latest in U.S. crude oil falls more than 4%, closes at lowest level since December to erase 2024 gains
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FirstFT: Partner pay at US law firms hits record levels
Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programmeWorld - Financial Times - October 25 -
U.S. oil posts worst day in two years after Israel spares Iran crude facilities
Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.Business - CNBC - October 28 -
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since JulyBusiness - CNBC - October 23 -
Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live
Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...World - The Guardian - October 23 -
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy ...World - ABC News - October 16 -
Tesla jumps nearly 15% as Trump-backer Musk seen benefiting from White House win
Shares of Tesla surged on Wednesday after NBC News projected Donald Trump to win the election and investors bet a victory would benefit CEO Elon Musk.Business - CNBC - 2 days ago -
World Series 2024: Giancarlo Stanton, playing in his first Fall Classic with the Yankees, can still impact the baseball with more force than anyone else
With his prodigious power, the ALCS MVP has reemerged as a main character on New York’s run to its first World Series in 15 years.Sports - Yahoo Sports - October 25 -
US unemployment applications fall; continuing claims hit highest level since 2021
The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three yearsTop stories - ABC News - October 24 -
U.S. stocks add to all-time high with more gains on Monday
U.S. stocks are rising in afternoon trading Monday building on its record set on FridayTop stories - CBS News - October 14 -
Falling oil prices may help push gas below $3 a gallon for the first time since 2021
The intensity of oil’s drop Monday showed that many traders were not prepared for what has been described as a “limited” retaliatory attack by Israel against Iran that came nearly four weeks after ...Business - MarketWatch - October 28 -
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.Business - MarketWatch - October 19 -
Stocks usually see double-digit gains under U.S. presidents — with two exceptions since 1933
With the U.S. presidential election just two weeks away, Deutsche Bank Research found the S&P 500 has seen a long stretch of annualized double-digit returns under different White House ...Business - MarketWatch - October 22 -
British pound and bond yields dive as U.K. inflation hits lowest in more than three years
Traders boost rate cut bets after U.K. inflation dives below 2%Business - MarketWatch - October 16 -
Crude oil tumbles as Middle East fears recede
Demand from China weaker than expected, says International Energy AgencyBusiness - Financial Times - October 15 -
Pound falls as UK inflation declines more than expected to 1.7%
First reading below Bank of England’s target in 3 years opens door to more rate cuts this yearBusiness - Financial Times - October 16 -
Truck maker Volvo's Q3 adjusted profit falls more than expected
Adjusted operating profit was 14.1 billion crowns ($1.34 billion against a year-earlier 19.3 billion and a mean forecast in an LSEG poll of analysts of 15.6 billion, on a sales drop of 12%. Volvo ...Sports - Yahoo Sports - October 18 -
EBay’s sales outlook comes in weaker, and stock falls more than 7%
EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.Business - MarketWatch - October 31 -
Will the Polls in 2024 Be More Accurate Than in 2016 and 2020?
Can you trust the polls this year? Kaleigh Rogers, a polling reporter at The New York Times, describes how pollsters have tried to fix past mistakes.Top stories - The New York Times - October 17 -
Campaign 2024: 100 days is more than enough
The 2024 presidential campaign was a brief and refreshing change from the usual two-year campaigns, with Donald Trump and Kamala Harris only campaigning for 107 days, and proving that shorter ...Politics - The Hill - 3 days ago
