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Once Avoided Like the ‘Plague,’ EM Duration Is Back in Fashion

(Bloomberg) -- Investors in emerging-market debt are once again turning to long-duration bonds, a popular bet at the end of last year that burnt...

Exxon’s Belgium Traders Decline UK Transfer, Risking Jobs

(Bloomberg) -- More than two dozen of Exxon Mobil Corp.’s trading staff declined the oil giant’s offer to transfer to London from Belgium, putting...

Exxon’s Belgium Traders Decline UK Transfer, Risking Jobs

(Bloomberg) -- More than two dozen of Exxon Mobil Corp.’s trading staff declined the oil giant’s offer to transfer to London from Belgium, putting...

Citi Sees AI Displacing More Bank Jobs Than Any Other Sector

(Bloomberg) — Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the...

July Fourth Travel Seen Hitting Record in Boost for Oil Bulls

(Bloomberg) -- A record of almost 71 million Americans are expected to travel over the Independence Day holiday period early next month, providing hope...

EU Leaders Delay Top-Jobs Deal Before Summit Next Week

(Bloomberg) -- European Union leaders postponed a deal on how to divide the bloc’s top jobs — opening the door to further bargaining before...

Treasuries Gain as Mounting Data Point to Softer Inflation, Jobs

(Bloomberg) -- A rally in the Treasury market lured investors to a sale of 30-year securities after new economic data bolstered bets the Federal...

Apple Reportedly Not Paying OpenAI to Use ChatGPT in iOS 18

Alongside its Apple Intelligence feature set, Apple on Monday announced a partnership with OpenAI that will allow Siri to access ChatGPT directly in iOS...

ByteDance to Cut 450 Jobs in Indonesia After Tokopedia Deal

(Bloomberg) -- ByteDance Ltd. is slashing about 450 jobs at its Indonesian e-commerce arm in the first round of cuts since combining its TikTok...

South Korea’s Jobs Growth Cools to Slowest Pace Since 2021

(Bloomberg) -- South Korea’s labor market showed signs of cooling in May as employment growth slowed to its slowest pace in more than three...

JPMorgan, Citi Scrap Fed Rate-Cut Bets for July After Jobs Data

(Bloomberg) -- Economists at Citigroup Inc. and JPMorgan Chase & Co., some of the last holdouts predicting a Federal Reserve interest-rate cut in July,...

Treasury Yields Soar as Jobs Data Upend Bets on Fed Cuts in 2024

(Bloomberg) -- Treasury yields surged as surprise strength in the US labor market forced traders to once again question whether the Federal Reserve can...

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