By Arathy Somasekhar HOUSTON (Reuters) – Peru’s niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side …
Peru’s niche Bretaña crude oil gains popularity in US Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Thanks largely to a stabilisation of bond markets and an ebbing of the super-strong dollar, global stocks caught a rare new year bid on Tuesday with critical inflation and corporate earnings updates now in view. A slightly bizarre narrative developed behind …
Morning Bid: Markets catch a break before inflation, earnings Read More »
WASHINGTON (Reuters) – U.S. small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 3.4 points to 105.1 last month, the highest reading since October 2018. It was the second straight month …
US small business confidence jumps to more than six-year high Read More »
(Reuters) – Australian flag carrier Qantas has had to delay several flights on the Sydney-Johannesburg route over the past few weeks on the U.S. government’s advice regarding the re-entry of SpaceX rockets over a part of the southern Indian Ocean, the airline said on Tuesday. The delays of up to six hours were caused due …
Qantas delays South Africa flights due to risk from SpaceX rockets’ re-entry Read More »
By Howard Schneider WASHINGTON (Reuters) – U.S. President-elect Donald Trump campaigned on promises of aggressive import tariffs, strict immigration curbs, deregulation and smaller government, but the economy he inherits next week may be screaming for something different. Namely, don’t break anything. With output expanding above trend, the labor market near maximum employment and adding jobs, …
Robust US economy may not need Trump’s big reforms Read More »
WASHINGTON (Reuters) – Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. Securities and Exchange Commission rules over record-keeping, the regulator said on Monday. The investment advisers and broker-dealers also admitted they violated rules in connection with employees’ use of off-channel communications platforms …
More Wall Street firms settle US SEC charges over record-keeping Read More »
NEW YORK (Reuters) – Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday. Regulators found Robinhood Securities LLC and Robinhood Financial LLC violated numerous requirements such as accurately reporting trading …
Robinhood to pay $45 million to settle SEC charges over recordkeeping, other violations Read More »
By David Shepardson WASHINGTON (Reuters) -Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of TikTok or face a U.S. ban. The Supreme Court held arguments Friday on Tiktok and ByteDance’s challenge to the law. A lawyer for the …
US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline Read More »
(Reuters) – U.S. crude oil and distillate stockpiles are expected to have fallen last week and gasoline inventories to have risen, a preliminary Reuters poll showed on Monday. Three analysts polled by Reuters estimated on average that crude inventories fell by about 3.5 million barrels in the week to Jan. 10. The poll was conducted …
By Chuck Mikolajczak NEW YORK (Reuters) -The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. Recent economic data have indicated a resilient …
Nasdaq closes lower, S&P 500 up slightly as US yields stay elevated Read More »
