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Fed slashes rates 50 bp
US rate futures imply more easing this year after Fed's 50-bp cut
NEW YORK (Reuters) -Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in on Wednesday about 73 basis points of additional rate cuts by the Federal Reserve by the end of the year,
50 Bp Cut From The Fed As It Looks To Move Rates To Neutral Quickly And Avert Recession
The US Federal Reserve wants to get to neutral quickly as it increasingly prioritises potential jobs weakness at a time when it is more comfortable with the inflation backdrop.
Fed slashes interest rates by 50 basis points as labor market cools
The Federal Reserve cut interest rates on Wednesday for the first time since March 2020, lowering the Fed funds rate by 50 basis points as it declared the fight against inflation all but won. The decision to go with a larger 50 basis point rate cut,
BP to unload onshore US wind
BP puts $2bn US onshore wind business up for sale
BP has put bp Wind Energy, its onshore wind business in the US, estimated to be worth $2bn, up for sale as it trims its renewables business and sells off underperforming assets.
BP to Launch Sale of US Onshore Wind Power Business
BP Plc plans to sell its onshore wind business in the US as it focuses on its solar arm Lightsource BP. The company is set launch a sale process for BP Wind Energy shortly, according to an emailed statement.
What Does the Sale of BP’s Wind Energy Division Mean for Texas?
The oil major’s U.S. onshore wind energy business, based in Houston, is valued at about $2 billion and has interests in 10 wind farms across seven states.
12h
BP outperforms market despite losses on the day
Shares of BP PLC BP inched down 0.02% to £4.10 Wednesday, on what proved to be an all-around dismal trading session for the ...
7h
on MSN
Plug Power wins contract with BP-Iberdrola JV to supply PEM electrolyzers
Plug Power (NASDAQ:PLUG) +1.2% post-market Wednesday after reportedly securing an order for 25 MW of proton exchange membrane ...
Medscape
18h
Quick BP, Smoking Interventions Make Mark in Rheumatology Clinics
Christie Bartels discussed how rheumatology clinics can be utilized to tackle two common risk factors for heart disease ...
1d
on MSN
BP rises Tuesday, outperforms market
BP PLC BP shares advanced 1.06% to £4.10 Tuesday, on what proved to be an all-around positive trading session for the stock ...
2d
Apollo Inks $1 Billion Deal With BP for Stake in Gas Link
Apollo Global Management has struck a $1 billion deal with BP Plc to fund its stake in the Trans Adriatic natural gas ...
9h
BP's Pan American targets Asian customers for Argentine LNG
BP's Pan American Energy (BPPAE.UL) is looking to negotiate contracts with Asian consumers to allocate liquefied natural gas from a floating project in Argentina, Rodolfo Freyre, a company vice ...
2d
BP Sells Stake In Gas Pipeline To Apollo, Raises $1B
BP p.l.c. (NYSE:BP) inked a deal under which Apollo Global Management, Inc. (NYSE:APO) managed funds will acquire a ...
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