News

(Bloomberg) -- At a packed press conference in the muggy port town of Dos Bocas, Mexico’s energy minister unveiled a bold plan to fast-track construction of the country’s largest oil refinery to date, a flagship project under the government of then-President Andres Manuel Lopez Obrador.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 D

Also: Do 3 billionaires make a 'broligarchy'?

(Bloomberg) -- A chunk of Russia’s oil tanker fleet is being forced to change the flag they sail under as US and UK sanctions heap pressure on Moscow’s shipping network.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 Bar

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years. Applications for jobless benefits rose by 6,000 to 223,000 for the week ending January 18, the Labor Department said Thursday. Analysts were expecting 219,000 new applications.

LONDON (Reuters) -Oil prices were little changed on Thursday, maintaining almost all of the previous session's losses on uncertainty over how U.S. President Donald Trump's proposed tariffs and energy policies would affect global economic growth and energy demand. Brent crude futures were up 18 cents at $79.18 a barrel by 1315 GMT. "Oil markets have given back some recent gains due to mixed drivers," said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

Noted economist and NYU professor Nouriel Roubini sounded the alarm on the impact of AI on the jobs market.

(Bloomberg) -- Mexico’s annual inflation slowed slightly more than expected in early January, keeping in play chances of a bigger interest rate cut at the central bank’s next policy meeting. 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 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 30Billionaire Developer Caruso Slams LA Leadership