During their September gathering, Federal Reserve officials indicated their readiness to keep reducing interest rates this year, as noted in the minutes. According to the minutes from the Federal Open Market Committee (FOMC) meeting on September 16-17, most believed that additional easing of [monetary] policy during the rest of this year would probably be suitable. After the meeting, the Fed,...

The Financial Conduct Authority (FCA) revealed that British banks must compensate customers £8.2 billion ($11 billion) for issues in the car loan sector. According to the FCA, the initiation and execution of the compensation scheme will expense financial institutions around £2.8 billion, increasing their overall costs to £11 billion. Previously, the authority assessed this figure between £9...

Energy firms are set to allocate around $50 billion for pipeline development in the US in the upcoming five years due to rising natural gas demand and surging LNG exports, as reported by the Financial Times. According to consulting firm Wood Mackenzie, midstream companies are constructing or intending to construct 8,800 miles (14,160 km) of pipelines nationwide. According to the Energy...

Online sales in the United States from November 1 to December 31 are projected to increase by 5.3% compared to the previous year, reaching $253.4 billion, according to Adobe Analytics. In the prior year, e-commerce during the holiday period rose by 8.7%. Adobe anticipates the peak shopping day this year will be Cyber Monday—the Monday following Thanksgiving (November 27). It predicts online...

The London Stock Exchange (LSE) has fallen out of the top 20 IPO markets worldwide, trailing behind exchanges in Singapore, Mexico, and Oman, among others. In Bloomberg's third-quarter rankings, the LSE dropped three positions to 23rd. IPO volume at the UK exchange dropped 69% this year to $248 million, marking a low not seen in over 35 years. This year's largest IPO in London was the share...

Oil and gas firms in Texas, northern Louisiana, and southern New Mexico are experiencing decreased business activity, increasing expenses, and, on average, anticipate higher oil prices. A study by the Dallas Federal Reserve Bank, which surveyed 93 exploration and production firms and 46 oilfield service contractors in mid-September, indicates that some anticipate the onset of the shale industry’s...

Citi Research analysts predict that Brent crude oil prices will decline to around $60 per barrel by the conclusion of 2025 due to an oversupply in the market. The baseline projection anticipates that Brent crude prices will average $62 per barrel from the second to the fourth quarter of the upcoming year. Analysts expect that the oil market will face a surplus of around 1.1 million barrels per...

The Prime Minister's Office announced on Thursday that American firms will make a historic investment of £150 billion ($204 billion) in the UK during US President Donald Trump's state visit to London. The primary investments will originate from Blackstone ($122.6 billion in the next ten years), Prologis ($5.34 billion), Palantir (approximately $2 billion in defense innovation), STAX ($52 million...

The Cyberspace Administration of China (CAC) has prohibited major tech firms from acquiring Nvidia Corp. chips intended for artificial intelligence, according to the Financial Times, which referenced three sources aware of the situation. Sources indicate that the regulator this week instructed companies, such as ByteDance and Alibaba, to cease testing and reject orders for the RTX Pro 6000D...