01:12 PM EDT, 05/14/2025 (MT Newswires) -- The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, but reduced its world and US economic growth forecasts for this year. The cartel continues to expect oil demand to grow by 1.30 million barrels a day this year and by 1.28 million barrels...

NEW YORK (Reuters) -Point72 Asset Management's founder, Steven Cohen, said on Wednesday he believes the U.S. economy will very likely slow down because of tariff threats, but even so the Federal Reserve will not act immediately to cut interest rates. We don't think the Fed's going to act right away, because they're still going to be worried about inflation from...

Like springtime in New York City, the crypto market got hot, all at once, in early May. After weeks of navigating choppy seas, influenced in part by anxieties surrounding the administration’s trade brinksmanship, a palpable shift in sentiment propelled the crypto sphere into a notable rally. Bitcoin shape-shifted from a tariff tantrum mooring into a determined hunter of all-time highs....

02:21 PM EDT, 05/14/2025 (MT Newswires) -- Fed Vice Chair Philip Jefferson (voter) said that tariffs are likely to boost inflation, but there is still uncertainty about the magnitude and duration of the impact and added that monetary policy is well positioned to deal with whatever scenario occurs. Recent comments of note: (May 12) Fed Governor Adriana Kugler (voter) said...