Singer Says Long-Term Bonds Are a ‘Senseless’ Speculative Trade

Billionaire Paul Singer has a warning for his fellow investors: 1970s-style inflation can happen again, and almost nobody is ready for it. The hedge fund manager — a frequent critic of U.S. monetary policy — said in an interview on Grant Williams’s podcast that the combination of “trillions and trillions” of dollars in Covid-19 relief spending, wage pressures and rock-bottom […]

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China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela

It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its […]

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Oil Prices Tumble As Demand Worries Resurface

Oil prices fell about 2 percent on Friday, retreating further from 11-month highs hit last week as a resurgence of coronavirus infections in China stoked fears about depressed demand for the commodity. Benchmark Brent crude for March settlement dropped 1.8 percent to $55.07 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down as much as 2.1 percent […]

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Treasuries Move Higher Amid Uncertainty About Relief Package

After ending the previous session modestly lower, treasuries moved back to the upside during the trading day on Friday. Bond prices moved higher early in the session and remained positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slipped 1.8 basis points at 1.091 percent. Treasuries benefited from their […]

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IMF to Disburse $488 Million to Angola as It Seeks to Curb Debt

The International Monetary Fund approved the disbursement of $488 million to Angola and reiterated its confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels. The disbursement approved by the executive board comes four months after the Washington-based lender increased the size of the loan by almost a quarter to $4.5 billion to help Angola weather […]

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Trump pardons former Google engineer Anthony Levandowski

Fox Business Flash top headlines for January 19 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. U.S. President Donald Trump said on Wednesday he had given a full pardon to a former Google engineer sentenced for stealing a trade secret on self-driving cars months before he briefly headed Uber Technologies Inc's rival unit. Continue Reading […]

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Goldman Traders Score $2 Billion in Commodities’ Comeback Year

Goldman Sachs Group Inc.’s commodities traders doubled their revenue haul in 2020 — another sign that Wall Street desks managed to print profits into the year’s finale, even as market mayhem subsided. Goldman’s business generated more than $2 billion in revenue for its best annual showing in about a decade, according to people with knowledge of the matter. That was […]

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Bitcoin heads for worst weekly loss in months

Fox Business Flash top headlines for January 21 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs. Continue Reading Below The world's most popular cryptocurrency fell more […]

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