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Business

Oil edges lower in choppy trade as OPEC+ delays meeting

Oil edges lower in choppy trade as OPEC+ delays meeting

By Nicole Jao NEW YORK (Reuters) - Oil prices fell nearly 1% in a volatile session on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts, raising questions about global crude supplies. Brent futures settled 49 cents lower to $81.96 a...

Dollar climbs after U.S. labor, consumer sentiment data

Dollar climbs after U.S. labor, consumer sentiment data

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index rose on Wednesday, rebounding from a 2-1/2 month low after economic data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. Initial claims for state...

Big investors say US markets rally could prove short-lived

Big investors say US markets rally could prove short-lived

By Carolina Mandl, Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) -The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year's...

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