US stocks geared up on Monday to resume a rally spurred by the Federal Reserve's message that interest-rate cuts are imminent, ahead of aby the end of 2024. But with only three Fed meetings left in the year — in September, November and December — and the August jobs report still to come, Wall Street is wondering when and whether a 0.5% cut is likely.— the marquee event of the week — which will likely determine whether the market mood stays upbeat.
KYIV, Ukraine — Russian forces unleashed a massive drone and missile barrage on Ukraine early Monday, targeting multiple regions across the country, the Ukrainian air force said.Third Point Management, a New York-based investment advisor, released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Third Point Offshore Fund returned 1.8% net in the second quarter compared to a 4.3% return for the S&P 500 INDEX and a 2.
The Libyan eastern-based government said on Monday that all oilfields are closing down, halting production and exports, but the country's Tripoli-based National Oil Corp, which controls oil resources, has not provided confirmation. Libyan factions are locked in a power struggle over control of the central bank and oil revenues. The government in Benghazi is not internationally recognised, but most oilfields are under the control of eastern Libyan military leader Khalifa Haftar.
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