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(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

While the scope of Donald Trump's deportation program remains in question, economists argue any forced removals would have ripple effects across major sectors and strain the already tight US labor market.

(Reuters) -Bank of Nova Scotia reported fourth-quarter earnings below analysts' expectations and warned about modest economic growth in key international markets including Mexico, sending shares of Canada's third-largest bank down about 3% on Tuesday. Bay Street had been optimistic on the bank's prospects, upgrading its ratings and betting on CEO Scott Thomson's plan to focus on growth closer to home and the North American trade corridor, while holding back on spending in its less profitable markets in South America. Scotiabank kicked off fourth-quarter earnings for the big six Canadian banks, drawing investors' attention to credit woes as consumers struggle to pay back high-interest loans.