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"Global investors are not anywhere close to short US or global equities," Bank of America's Michael Hartnett said this week.

(Bloomberg) -- European Union member states are pushing for a possibility of deviating from gas storage targets over the next two years if market prices excessively boost the cost of replenishing reserves.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting

Recession talk is growing, with Goldman Sachs raising its recession probability to 20% recently. Pain is also being felt in households and the stock market.

(Bloomberg) -- Chile’s central bank held its key interest rate unchanged for the second straight meeting with policymakers signaling they’re in no rush to adjust borrowing costs as global economic uncertainty worsens.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite

US stock futures traded flat as Wall Street digested mixed messages from the Federal Reserve in the wake of its decision to hold interest rates steady.

Strategy co-founder Michael Saylor believes that Bitcoin is an ideology, an asset, and a commodity, among other things. Strategy is the largest corporate holder of Bitcoin.

The state Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime pieces of land in New Mexico, on one of the world's most prolific oil production areas. A 37-31 vote on Thursday sent the bill from the Statehouse to Democratic Gov. Michelle Lujan Grisham for consideration. The proposal would increase the top royalty rate for oil and gas development from 20% to 25% on New Mexico's state trust lands with implications for the energy industry in the Permian Basin, which overlaps southeastern New Mexico and western Texas.