Author: Anthony M. Orbison

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures (BZ=F) fell by 33 cents, or 0.45%, to $72.55 a barrel by 0730 GMT. U.S. West Texas Intermediate crude futures eased 32 cents, or 0.46%, to $69.06 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China’s crude imports could peak as soon as 2025 and the country’s oil consumption would peak by 2027…

By Nicholas P. Brown and Ananya Mariam Rajesh (Reuters) – Nike (NYSE:)’s new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive’s plan to turn the spotlight on sports like basketball and running, allayed some investor worries. The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller’s quarterly results beat market estimates. Hill, in his first public address as CEO on the post-earnings call, said Nike had “lost its obsession with sport” and vowed to put it back on…

Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided with the sell-off of other coins like Bitcoin (BTC) and Solana (SOL). Despite the price drop, Ethereum’s fundamentals remain strong. Notably, Ethereum Exchange-Traded Funds have seen steady inflows, now totaling over $2.46 billion. These inflows have increased for 18 consecutive days, reflecting growing interest from investors. Ethereum ETFs are gaining traction as investors anticipate the SEC may soon allow staking…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUS president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory. The EU is desperate to avoid a trade war with Trump and has spent the past month racing to draw up potential ways to avoid tariffs by increasing purchases of US goods such as liquid natural gas (LNG) or agricultural products.“I told the European…

Many people use food delivery apps due to their convenience and the variety of options they offer. These apps allow people to order food easily and have it delivered to their doorstep without needing to leave the comfort of their own homes.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸For those with hectic lives, delivery apps have become a saving grace since they make it easy to have meals on demand without interrupting their day. Related: McDonald’s quietly launches new concept fans will loveLike Uber Eats or DoorDash, Grubhub is a food delivery service that helps customers…

The first hybrid Bitcoin-Ethereum ETFs got SEC approval on December 19, 2024. The Securities and Exchange Commission cleared two new funds that combine both cryptocurrencies: Hashdex’s Nasdaq Crypto Index US ETF and Franklin Templeton’s Crypto Index ETF.Senior Bloomberg ETF analyst Eric Balchunas stated, “They’re market cap weight so 80/20 BTC/ETH approx. Notable that Hashdex & Frankie are first. Good for them.”The spot bitcoin/ether combo ETFs have been approved by SEC (as predicted). Launch likely in January. They’re mkt cap weight so 80/20 btc/eth approx. Notable that Hashdex & Frankie are first. Good for them. https://t.co/o2ri3XpqZi— Eric Balchunas (@EricBalchunas) December 20,…

“Bribery schemes, whether based inside or outside the United States, harm consumers and companies that are trying to lawfully run their businesses. That is why this office, along with our law enforcement partners, will continue to diligently pursue any individual or company that seeks to profit through corrupt or illegal means,” said said U.S. Attorney Matthew M. Graves for the District of Columbia in a statement. Graves is pictured in 2021.Amanda Andrade-Rhoades/Bloomberg via Getty Images Source link

Investing.com – Indonesia stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Jakarta, the gained 0.39%. The best performers of the session on the were Jobubu Jarum Minahasa PT Tbk (JK:), which rose 33.64% or 37.00 points to trade at 147.00 at the close. Meanwhile, Agro Yasa Lestari PT Tbk (JK:) added 34.48% or 20.00 points to end at 78.00 and Steady Safe TBK PT (JK:) was up 24.59% or 60.00 points to 304.00 in late trade. The worst performers of the session were Sona Topas Tourism…

Bitcoin (BTC) lost the $100,000 threshold after registering a 6.4% drawdown in the past 24 hours, priced at $97,000 as of press time.Bitcoin fell to a low of $96,233 before attempting a recovery. As a result, crypto derivatives registered nearly $1.2 billion in liquidations over the period, based on CoinGlass data.Sharper corrections among major altcoins followed BTC’s slump, as the total crypto market cap fell 9% in the same period to $3.63 trillion. Ethereum (ETH) was trading at $3,372 after shedding 10% over the past 24 hours, while Solana (SOL) registered an identical crash to a low of $187.Chainlink (LINK) and Dogecoin…

(Bloomberg) — It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property market collapsed. And despite a healthy rebound in the middle of 2024, the outlook for 2025 isn’t particularly encouraging. Most Read from Bloomberg But that doesn’t mean investors should expect a sea of red in real estate shares next year. Rather, it will likely be a stock-picker’s market, where some rise, some fall, and the group doesn’t move in unison, according to Adam White, senior equity analyst at Truist Advisory…