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(Bloomberg) -- For months, the consensus in the global oil market was that 2025 would be a year marked by a bulky surplus and flat-to-soft pricing. Suddenly — after the boldest package of US sanctions yet against Russia’s energy industry — the outlook is more complicated.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“Just on

(Bloomberg) -- Germany is about to report a second straight year of economic contraction, reminding politicians before February’s snap election of the daunting task they face.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersAnalysts estimate gross domestic product grew 0.1% in the fourth quarter — insufficient to produce a posi

(Bloomberg) -- The Bank of England could face a fresh battle to reassure investors of its commitment to interest rate cuts, with economists warning of inflation above 3% by the spring.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersOfficial data on Wednesday is expected to show the consumer prices index sticking above target a

(Bloomberg) -- The Federal Reserve’s independence won’t be in jeopardy once President-elect Donald Trump takes office, neither are inflation and the labor market, according to former Federal Reserve Vice Chair Randal Quarles.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“There’s a fair bit of misunderstanding about what Fed

(Bloomberg) -- Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersThe consumer price index excluding food and energy i

The federal government has an elaborate system of visas that allow foreigners to work in the US — a topic that is sure to heat up as Donald Trump takes office.

(Bloomberg) -- Global bond markets sold off this week as investors worried about lingering inflationary pressures and heavy government borrowing.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City CentersA selloff in the $28 trillion US Treasury market deepened after a blowout