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US Recession Is Still Likely to Happen as per Bloomberg

Bloomberg News reports that when everyone anticipates a soft landing, it is best to brace for the consequences. This is what the current situation...

Dropping Oil Supply in the US Driving Prices up Globally

Bloomberg News reports that oil buyers across the globe have been subjected to the highest premium for the supplies they have not seen in...

Oil Rally Gets Fresh Boost Due to Shrinking Stockpiles

Bloomberg News reports that oil was propelled closer to the $100 per barrel mark. This happened following a drop in the stockpiles at the...

Tech Stocks that Drove Market Rally Drops By 10%

Bloomberg News reports that the stock market rally during the first 6 months of 2023 was built on the backbone of the technology stocks....

Dimon Warns World Not Prepared for Fed Rate of 7%

Bloomberg News reports that it is pretty likely that the world still needs to prepare for a worst-case scenario in which the benchmark interest...

Fed Officials View More Rate Hikes as Inflation Persists

Bloomberg News reports that at least two US Federal Reserve officials believe there might be one more hike in interest rates. They also feel...

McCarthy is Frustrated after Attempt to Put Shutdown on Ice

Bloomberg News reports that Kevin McCarthy, speaker, sent the members of the House for a week irrespective of a clear plan. The House members...

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