Samuel Nwite
AUTHOR: Samuel Nwite
U.S. Inflation Slows Further in January, Bolstering Case for Midyear Rate Cuts
January’s inflation report showed broad-based cooling, with headline CPI at 2.4% and core at 2.5%, strengthening market expectations for a Federal Reserve rate cut...
European Central Bank Moves to Make Euro Liquidity Backstop Global and Permanent with €50bn...
The European Central Bank will open a standing €50 billion euro liquidity facility to central banks worldwide from 2026, aiming to strengthen the euro’s...
OPEC+ Leans Toward Resuming Oil Output Increases from April as Brent Nears Six-Month High...
OPEC+ is leaning toward resuming phased oil output increases from April 2026, three sources from within the group told Reuters on Wednesday, as the...
Instacart Shares Jump 7% as Earnings Reassure Investors Despite Competitive Pressures
Instacart’s “beat-and-raise” quarter — its strongest GTV growth in three years — helped calm fears that Amazon, Uber Eats, and DoorDash are eroding its...
United States Grants General License to Reliance Industries Ltd for Venezuelan Oil Purchases
The United States has issued a general license permitting Reliance Industries Ltd to purchase Venezuelan crude oil directly without violating U.S. sanctions, according to...