‘Wildcatters’ race for Venezuelan oil deals ahead of wary western majors
Entrepreneurs seek to steal march on bigger rivals that are still weighing risks of re-entering country
Economic news
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Trade deficit in October hits smallest since 2009 after Trump’s tariff moves
The trade shortfall was just $29.4 billion for October, down 39% from the prior month.
Hedge funds boom as investor enthusiasm for private equity falters
Industry racks up largest asset gains on record, benefiting from buyout groups’ difficulty returning cash to clients
Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth.
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Layoff pace in December hit lowest level since mid-2024, Challenger says
Planned job cuts totaled 35,553 for the month, a 50% slide from November and an 8% decrease from the same period a year ago.