Guyana’s government is “in discussion” with Exxon Mobil after two ships searching for oil off the South American country’s coast halted work following a weekend confrontation with Venezuela’s navy, Guyana’s foreign minister said on Monday.
President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials convened to discuss the growing rout in stock markets caused in part by the president’s attacks on the central bank.
The Federal Reserve is finished raising U.S. interest rates.
The S&P 500 tumbled to the brink of a bear market on Monday as U.S. stocks extended their steep sell-off in a pre-holiday shortened session, with investors rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments.
Oil prices plunged more than 6 percent to the lowest in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.
A gauge of stocks worldwide posted an eighth straight decline on Monday as investors ignored Trump administration attempts to reinforce confidence and the U.S. president called the Federal Reserve the “only problem our economy has.”
President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a growing rout in stock markets caused in part by the president’s attacks on the central bank.
Oil prices tumbled more than 4 percent on Monday to the lowest in over a year as global stock markets fell on concerns about a U.S. government shutdown and worsening world economy.
Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume exploration work halted after a weekend confrontation with Venezuela’s navy.
A steep sell-off in U.S. stocks worsened in a pre-holiday shortened session on Monday, as a move by the U.S. Treasury secretary to convene a crisis group and other political developments rattled investors and pushed the S&P 500 to the brink of a bear market.
President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a rout in stock markets caused in part by the president’s attacks on the central bank.
U.S. financial regulators told the Treasury Department on Monday they were not seeing anything out of ordinary in financial markets during the recent sell-off, according to a source familiar with the matter.
U.S. Treasury officials were not concerned with liquidity in the banking system when Treasury Secretary Steven Mnuchin reached out to top U.S. bank CEOs in phone calls on Sunday, CNBC reported on Monday, citing a senior Treasury official.
U.S. stocks fell for the fourth straight session on Monday, as political deadlock in Washington continued and Treasury Secretary Steven Mnuchin’s move to convene a crisis group added to nerves, pushing the S&P 500 closer to bear territory.
Oil fell more than 2 percent on Monday to the lowest in over a year as global stock markets tumbled under pressure from concerns about a U.S. government shutdown and worsening world economy.
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