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Daily Business Review

Oil Rises in Volatile Week as Traders Speculate on OPEC+ Policy

Oil staged a sharp rebound after hitting its lowest level since 2021 on Nov. 28, with demand prospects improving due to the scaling back of China's COVID policy following protests.
2 minute read

Daily Business Review

Food Prices Decline for Eighth Month Easing Inflation Pressures

The continued decline may offer some relief to households, but it can take time for commodity price shifts to trickle through to grocery-store shelves.
2 minute read

Daily Business Review

Hiring, Wages Extend Strong Gains, Keep Pressure on Fed

Job gains were concentrated in a few categories, led by growth in leisure and hospitality, health care and government. Meanwhile, employers in retail, transportation and warehousing and temporary help services cut workers.
3 minute read

Daily Business Review

BlackRock Faces $2B Hit as DeSantis Escalates ESG Fight

Florida Gov. Ron DeSantis campaigned for reelection on his so-called anti-woke agenda as he gears up for a possible presidential run.
4 minute read

Daily Business Review

TD Tops Estimates With Rising Rates Lifting Income From Lending

Toronto-Dominion's large base of low-cost customer deposits is providing the bank with cheap funding at the same time that rising interest rates are letting it charge more for loans.
2 minute read

Daily Business Review

Stocks Churn Around 200-Day Average Ahead of Jobs Report

The remarkably resilient U.S. jobs market is beginning to cool, but Friday's employment report will fall far short of the turning point Federal Reserve officials are seeking in their battle to beat back inflation.
4 minute read

Daily Business Review

Swiss Say Its $8B of Frozen Russian Assets 'Fraction' of Total

The Swiss government's decision to embrace European Union sanctions following Russia's invasion of Ukraine has been strongly criticized by the right-wing Swiss People's Party for sacrificing the country's historic neutrality for the sake of sanctions.
2 minute read

Daily Business Review

Funds Betting on More US Dollar Pain After Brutal November

When institutional investors and leveraged funds become net sellers simultaneously, the market can take that as a signal that the dollar is headed for sustained sell-off.
4 minute read

Daily Business Review

Ford Invests £150M to Boost EV Parts Output From UK Plant

Ford's moves provide a much-needed boost to an industry beset by years of Brexit uncertainty, pandemic disruptions and shortages of components.
2 minute read

Daily Business Review

Barclays Fined £8 Million for Breaking Interchange Fee Rule

Barclays failed to provide retailers with adequate transaction information, leaving thems unable to easily understand the fees associated with certain types of card payments.
2 minute read

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