News

German Economy Shrinks for Second Year in New Blow to Scholz

(Bloomberg) -- Germany’s economy shrank for a second consecutive year in 2024 and is unlikely to grow much in 2025, laying bare the challenge for the country’s new government once snap elections are held in February.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesGross domestic product fell by 0.2% after dropping 0.3

Goldman, JPMorgan Predict Jolt in US Stocks on Inflation Miss

(Bloomberg) -- Wall Street expects another bumpy day for stocks should Wednesday’s US inflation number miss in either direction.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesForecasters expect the report to show a fifth month of firm increases, with the core consumer price index seen rising 0.3% in December, accord

US-Banned Tankers Moved Fifth of Seaborne Russian Oil, IEA Says

(Bloomberg) -- The latest US sanctions have the potential to significantly disrupt Russia’s energy exports as they blacklist a tanker fleet that moved more than a fifth of the nation’s seaborne oil flows, the International Energy Agency said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesThe 160 tankers sanctioned l

Russian Crude Oil Piles Up Near Chinese Coast After US Sanctions

(Bloomberg) -- The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid being caught up in the US’s strictest-ever sanctions on Russian energy flows. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesFive tankers carrying almost 4 million barrels of ESPO and Sokol crude from the Russian Far East that should have deliver

Morning bid: Inflation duo takes centre stage

Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the U.S. is set to decide whether the relentless selling in the global bond market resumes. And the risks to inflation seem squarely to the upside, with Donald Trump set to return to the White House and release a blizzard of executive orders next Monday.

Russia Inflation Set to Jump at Year-End as War Pushes Up Prices

(Bloomberg) -- Russian inflation is expected to have accelerated further from the central bank’s goal last month as the invasion of Ukraine continued to drive up prices for nearly all goods and services. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesAnnual price growth at the end of 2024 likely reached 9.8%, accelerating in December from 8.9% a month earlier despite historic