News

(Bloomberg) -- An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking, raising the specter of environmental disaster, a Pentagon spokesman said on Tuesday.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunThe comments are the latest to underscore what the European Union’s navy in the region described as an imminent environmental hazar

(Bloomberg) -- With a September interest-rate cut all but certain and attention turning to the pace of future reductions, Federal Reserve officials are coalescing around a gradual approach to the last mile of their inflation fight.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunA handful of policymakers at the Fed’s annual research symposium in Jackson Hole, Wyoming, last week made the case for low

(Bloomberg) -- Oil slipped again after dropping by more than 2% on Tuesday, with futures unable to climb above a key technical measure even as Middle East tensions remain in focus, with key US inventories data due coming.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunBrent traded below $79 a barrel, with West Texas Intermediate under $75. Traders’ attention was turning to weekly figures on stockpi