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Oil Declines After Trump Says He’ll Push OPEC to Lower Prices

(Bloomberg) -- Oil fell after President Donald Trump said he’ll push Saudi Arabia and OPEC to reduce the price of crude, reviving a tactic to control energy prices that he frequently employed during his first term in office. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH

Trump Browbeats Davos Elite to Curb Oil Prices, Interest Rates

(Bloomberg) -- US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a way to heighten pressure on Russia and help end the nearly three-year war in Ukraine. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Lead

Inflation-Protected Treasuries Draw Highest Yield Since 2009

(Bloomberg) -- An auction of inflation-protected US Treasuries on Thursday drew the highest yield in more than a decade.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30The $20 billion sale of 10-year Treasury Inflation-Prote

Emerging economies facing "sudden stop" of capital flows, JPMorgan warns

Emerging markets could be seeing a dreaded "sudden stop" of capital flows as President Donald Trump's 'America First' policies pump up the U.S. economy and suck money away from poorer countries, investment bank JPMorgan warned on Thursday. Analysts fear sudden stops in capital flows because they starve economies of the money they need to grow or even just keep going. JPMorgan's in-house indications show there were $19 billion worth of "net capital outflows" from developing economies not including China in the last quarter, with another $10 billion expected to flee in Q1.