Billionaire entrepreneur Mark Cuban, who is actively supporting Vice President Kamala Harris’s economic policies, found himself on the defensive during a recent exchange with Breitbart News regarding tariffs and “America First” economic initiatives. When prompted by an X user to articulate his reasons for backing Harris and disavowing former President…

The recent sell-off in the shortest-dated municipal bonds is primarily attributed to a robust employment report that has prompted investors to reassess the likelihood of significant interest rate cuts by the Federal Reserve. Yields on three-month AAA municipal bonds surged by 29 basis points in a single day—the most substantial…

Hurricane Milton has been a major concern along the U.S. Gulf Coast, leading to significant operational changes within the oil and gas sector and affecting transport logistics in Florida. On Monday, at least one oil and gas platform was shut down in the Gulf of Mexico, while Florida ports enacted…

Former Google CEO Eric Schmidt has caused quite a stir within the tech community and among environmental activists by advocating for an accelerated investment in AI infrastructure. This call for expansion comes despite the recognized energy demands associated with AI development, which form a significant roadblock to achieving global climate…

The outlook for corporate debt has significantly improved following the Federal Reserve’s decision to cut interest rates, according to the latest Bloomberg Markets Live Pulse survey. A majority of the 203 respondents in the survey, which included portfolio managers, economists, and retail investors, indicated that corporate debt is becoming more…

Hurricane Milton has rapidly intensified into a Category 3 storm, marking a significant meteorological event as it heads towards Florida’s Gulf Coast. This intensification has raised concerns as it is set to make landfall just eleven days after Hurricane Helene impacted the region. With currently reached maximum sustained winds of…

The Dangote oil refinery, located near Lagos, Nigeria, is poised to significantly impact both local and international oil markets as it prepares to process up to 400,000 barrels per day (bpd) of Nigerian crude over the next two months. Spanning an ambitious schedule, the refinery will aim to receive approximately…

U.S. Treasury yields have climbed back to the 4% mark for the first time since August, as a robust jobs report necessitated a reassessment of monetary policy expectations. On Monday, bond prices fell sharply, reflecting an extension of the selloff triggered by strong September payroll data that dampened speculation regarding…

BP has officially abandoned its goal to reduce oil and gas production by 2030, reflecting a shift in strategy under CEO Murray Auchincloss aimed at restoring investor trust. Initially unveiled in 2020, BP’s energy transition strategy was notable for its ambitious target of a 40% reduction in fossil fuel output…

Goldman Sachs has recently revised its economic outlook, decreasing the likelihood of the United States entering a recession within the next year from 20% to 15%. This adjustment follows a robust employment report indicating that job gains in September exceeded expectations, marking the highest increase in six months. According to…

Oil prices opened the week on a downward trend as market participants awaited potential Israeli retaliation against Iran following a missile attack on Israel. President Joe Biden advised against striking Iran’s oil fields, indicating uncertainty regarding the timing of Israel’s response. Brent crude dipped below $78 a barrel after experiencing…