News

(Bloomberg) -- Oil drifted lower in thin post-holiday trading on uncertainty about OPEC+’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesBrent shed 1.3% to settle below $72 a barrel. A cease-fire deal that halted more than a year of fighting between Israel and Hezbollah appeared to be holding, despite both

NEW YORK (Reuters) -Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts. Brent crude fell 34 cents, or 0.46%, to settle at $72.94 a barrel.

The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.

Enanta Pharmaceuticals (ENTA) has disclosed a new risk, in the Share Price & Shareholder Rights category. Enanta Pharmaceuticals, as a smaller reporting company under the Exchange Act, may opt to utilize reduced reporting and disclosure obligations, potentially impacting investor appeal and the market activity of its common stock. These exemptions include limited executive compensation disclosures and a requirement of only two years of audited financial statements, which may lead to heightened s

Risk-on sentiment gained momentum on Wall Street after the Thanksgiving holiday, fueled by investor optimism over fourth-quarter profit forecasts for U.S. corporations, lifting both the S&P 500 and Dow Jones to fresh record highs. The S&P 500 broke past the 6,040-point mark on Friday and closed at 6,032, extending its year-to-date gains to an impressive 27%. If the year ended on Friday, the broader U.S. stock market would have surged by a staggering 57% over the last two years, representing the

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasLarge Indian IT service providers’ stocks are poised for a further run-up after a recent rally, bucking the weak sentiment in other sectors as Donald

Spectral Labs unveils Syntax V2, turning memecoins into AI-powered, community-governed trading agents.