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(Bloomberg) -- The US debt ceiling is once again emerging as the Federal Reserve continues to unwind its balance sheet, putting the central bank in a tough spot — only this time it’s trickier. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe debt limit will be reinstated on Jan. 2, prompting the Treasury Department to deploy a series of extraordinary measures that include spending down its cash

(Bloomberg) -- Exxon Mobil Corp. named Dan Ammann as head of its upstream oil and gas business, putting its low carbon president in charge of its most profitable division. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAmmann will replace Liam Mallon, who on Feb. 1 retires after 34 years with Exxon, the Spring, Texas-based company said in a statement. Ammann joined Exxon in 2022, making him a rel

(Bloomberg) -- Battery-maker Eos Energy Enterprises Inc. closed a $303.5 million US federal loan guarantee — sending its shares sharply higher — as the Biden administration races to finalize billions of dollars in clean-tech loans before leaving office.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsEos shares jumped as much as 19% on the news, the biggest intraday gain since late August. The stoc

Job openings rebounded in October as investors continued to debate how rapidly the US labor market is cooling to end 2024.

(Bloomberg) -- The number of colleges that close each year is poised to significantly increase as schools contend with a slowdown in prospective students. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThat’s the finding of a new working paper published by the Federal Reserve Bank of Philadelphia, where researchers created predictive models of schools’ financial distress using metrics like enroll

OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a Reuters survey found, though members making cuts pledged to the wider OPEC+ alliance kept output broadly steady. The Organization of the Petroleum Exporting Countries pumped 26.51 million barrels per day (bpd) last month, up 180,000 bpd from October, the survey showed on Tuesday, with Libya again posting the largest increase. Libyan output recovered after resolution of a dispute over control of the central bank, allowing full production to resume at oilfields and applying downward pressure on prices.

(Bloomberg) -- Brazil’s economy once again shot past expectations in the third quarter, bolstered by hefty consumer and government spending that’s fanning above-target inflation and rattling markets.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsOfficial data released on Tuesday showed that gross domestic product expanded 0.9% in the July-September period compared to the second quarter. The expan