Thursday , 1 January 2026

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Russia says ready to pump oil at record rate if market requires

Bloomberg Russia has the capacity to set a new oil-production record, but won’t decide whether the market needs those additional supplies before a meeting later this month with its OPEC allies. The country could boost output by as much as 300,000 barrels a day in the medium-term, which would beat the post-Soviet record set in October 2016, Russian Energy Minister …

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Tech leads stocks lower; dollar drops with yields

Bloomberg A slide in technology shares sent most US equities lower, while Europe’s benchmark rose and Asian shares extended a losing streak as traders turned their focus to the outlook for monetary policy amid lingering worries for global trade. Chipmakers extended their slide as Goldman and Stifel downgraded several US peers amid mounting industry concerns. Telecom stocks were also among …

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Crypto’s 80 percent plunge worse than dot.com crash

Bloomberg The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline after the dot-com bubble burst …

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