• May 02, 2025

Oil Markets Enter May on the Back Foot

Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment.

  • May 02, 2025

Bear market Is coming with S&P 500 rally stalling soon, DeMark says

(Bloomberg) -- US stocks are in for another drop that will eventually lead to a bear market in the coming months, according to veteran technical strategist Tom DeMark, who accurately called this year’s top in February and subsequent April low.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing Mor

  • May 02, 2025

Trump budget seeks 23% domestic cut, omits economic forecast

(Bloomberg) -- President Donald Trump asked Congress for deep cuts to domestic agencies and a boost to the military in a preliminary outline of his 2026 budget request.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised $159 Million in the First Qu