Latest in U.S. crude oil rises more than 1%, closes above $71 per barrel amid Fed rate cut optimism
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Mexico ex-drug czar sentenced to more than 38 years in U.S. prison over cartel bribes
Genaro Garcia Luna, who led Mexico’s fight against the country’s violent drug trade, was sentenced to more than 38 years in U.S. prison for accepting bribes from the cartels he was supposed to fight.Top stories - NBC News - October 17 -
Main engine of U.S. economy posts fastest growth in more than two years, ISM finds
Service-oriented companies such as retailers and restaurants grew in October at the fastest pace in more than two years, a survey found, and offered further evidence of strong momentum in the U.S. ...Business - MarketWatch - 4 days ago -
Bitcoin surges 10% to a record above $76,000 as Trump victory heralds wider crypto adoption and weaker regulation
Crypto assets rose as investors bet that a second Trump administration will widen fiscal deficits and boost bitcoin as a hedge against higher inflation.Business - CNBC - 3 days ago -
Opec+ members delay planned rise in oil production
Cartel to leave output curbs in place an extra month in effort to boost anaemic crude pricesBusiness - Financial Times - 6 days ago -
Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices
The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ”deteriorating cohesion” among the group of major oil producers known as ...Business - MarketWatch - October 14