KBW has upgraded Bank of New York Mellon to an “Outperform” rating, supported by a strong financial performance and a low price-to-earnings valuation.
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Oil demand is collapsing:
OPEC just announced its 5th-straight monthly downward revision to its oil demand outlook.
China's crude oil imports fell for 10-STRAIGHT months this year, the steepest drop since the pandemic.
Are oil markets signaling a recession?
(a thread)
Oil demand is collapsing:
OPEC just announced its 5th-straight monthly downward revision to its oil demand outlook.
China's crude oil imports fell for 10-STRAIGHT months this year, the steepest drop since the pandemic.
Are oil markets signaling a recession?
(a thread)
BREAKING: November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.
Core CPI inflation was 3.3%, in-line with expectations of 3.3%.
Headline CPI inflation is now at its highest level since July 2024.
Inflation has leveled off above the Fed's 2% target.
BREAKING: November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.
Core CPI inflation was 3.3%, in-line with expectations of 3.3%.
Headline CPI inflation is now at its highest level since July 2024.
Inflation has leveled off above the Fed's 2% target.
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