Oil Steadies as US Stockpiles Swell, Traders Weigh China Policy

Oct 9, 2024 | Markets

Finance minister set to introduce measures to shore up growth Market continues to watch for Israeli response to Iran strike Oil held steady after a day of choppy trading as US crude inventories swelled and traders monitored China’s plans for fiscal policy. West Texas...

China Holiday Spending Lags Pre-Covid Era, Showing Stimulus Need

Oct 8, 2024 | Markets

Chinese tourists shelled out less money during their long holiday that ended Monday than before the pandemic, even as signs emerged that spending is stabilizing after a barrage of stimulus recently unveiled by the government. While travelers made 10.2% more trips...

Guggenheim CIO Says Inflation of Up to 4% Could Be a New Normal

Oct 8, 2024 | Markets

Price pressures may be more severe than pre-Covid: Anne Walsh Fed should ‘take collar off’ on 2% target and work with range While price pressures have eased dramatically in the past two years, the war against inflation isn’t over just yet — and factors from spending...

Jerry Jones Sees ‘Huge Growth Left’ as Private Equity Enters NFL

Oct 8, 2024 | Markets, Private Markets

Dallas Cowboys owner says deal interest shows league strength Billionaire touts 2026 IndyCar race in Texas with Roger Penske Dallas Cowboys owner Jerry Jones predicted major growth in the value of National Football League franchises as teams begin selling stakes to...

German Economy May Contract in 2024, Bundesbank Chief Says

Oct 8, 2024 | Markets

Second half of year is weaker than expected, he says in Berlin ECB official worries about more protectionism if Trump wins The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth,...