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The U.S. Fed followed script yesterday and cut interest rates by 25 basis points. American indices took the news calmly, closing only 0.20-o.25% lower. Investors like Gordon Reid were relieved to hear Fed Chair Jerome Powell vow to not cut […]
After oil soared 14% on Monday in reaction to the attack that shut down Saudi oil production, it gave back some of those record gains Tuesday after the Saudis will draw on their reserves to keep their exports stable. By […]
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