Yahoo Finance
Bloomberg Markets
President Donald Trump is framing the deal for a US stake in 65 billion barrels of Venezuelan oil as a victory that will lower gasoline prices and replenish depleted crude reserves. It’s far from certain the plan will lead to either during his presidency — if at all.
Yahoo Finance
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Some investors are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates.
After Warsh reiterated his commitment to bringing down inflation in a highly anticipated speech on Friday, swaps traders see a rate hike as more likely than not at the central bank’s next decision in mid-September.
Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, offers her equity outlook post-Jackson Hole. (Source: Bloomberg)
Bloomberg Markets
Wells Fargo’s Equity Research Analyst Timna Tanners pours cold water on the steel rally, warning that high prices could attract imports and face pressure from new domestic capacity. She calls Canada’s looming counter-tariffs largely symbolic and explains why Nucor and Steel Dynamics could outperform if steel prices retreat. (Source: Bloomberg)