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Oil Producer APA Cuts Up to 15% of Workers

(Bloomberg) -- APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackThe Scary Thing About the Wildfire That Was StoppedNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe company formerly known as Apache made the reductions in Jan

Milei’s Inflation Miracle Distorted by Obsolete Items in Index

(Bloomberg) -- Each morning, the typical Argentine buys a newspaper, lights up a cigarette and then, while leafing through the pages and puffing away, grabs the telephone from its perch on the wall to make a call.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesAmtrak CEO Departs Amid Threats of a Transit

Oil Titans Meet With Trump as US Unwinds Environmental Rules

(Bloomberg) -- The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedIndustry leaders say they have plenty of reasons to give thanks. Trump

Morning Bid: Policy fog sidelines Fed

Like most of its central banking peers, the Federal Reserve will likely sit on its hands at this week's meeting, blinded by the multiple crosswinds from U.S. economic policy upheaval and plans for sweeping tariff hikes. * Several U.S. national security agencies have suspended certain efforts to counter Russian sabotage, disinformation and cyberattacks, potentially lifting some pressure off Moscow, according to Reuters exclusive reporting. * A U.S. federal judge has blocked billionaire Elon Musk and DOGE from taking any more steps to shut down the U.S. Agency for International Development, saying their efforts to close the foreign aid agency were likely unconstitutional.

Wall Street gains with all eyes on Fed rate decision

Wall Street's main indexes rose on Wednesday ahead of the Federal Reserve's widely anticipated monetary policy decision, at a time when worries linger about trade policies and their impact on the economy. Traders see the Fed lowering borrowing costs by at least two 25-basis point cuts by December, with the first expected in July, according to data compiled by LSEG. Focus will be on new economic projections from policymakers that will give an idea of how they feel U.S. President Donald Trump's policies will affect economic growth, inflation and unemployment.