Stock futures edge lower amid currency market chaos; Week Ahead: Fed inflation gauge in focus as rates leap; Sterling crisis sends pound to all-time low against the dollar; Amazon follows Target in early holiday sales kick-start and Hurricane Ian bears down on Cuba, headed for Florida gulf coast. Read More...
Bloomberg
Oil Falls as ‘Wrecking Ball’ Dollar Piles On Commodity Losses
(Bloomberg) — Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary concerns threatened global demand.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEBank of England Says Paper Banknotes Only Good for One More WeekThe Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949Interpol Issues Red Notice for Terra’s Do Kwon, Korea Says
