Economy

Wall Street banks see investment banking improvement, with some caution

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Frida...

Wall Street closes higher on bets for Fed rate cut

Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday re...

Investors react to shooting at Trump election rally

Donald Trump was shot in the ear during a campaign rally in Pennsylvania on Saturday in what authorities said they were treating a...

Forget market angst, just 'KISS' and make up: Mike Dolan

Worried about a hawkish Fed, over-valued stocks, teetering debt piles, volatile currencies, cliffhanger elections or rancorous geo...

New Biden tariffs on China's EVs, solar, medical supplies due Tuesday - sources

U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major ...

Fed officials mull whether rates high enough as inflation expectations jump

Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked furt...

Baltimore bridge collapse to cause logistics headaches, not supply chain crisis

The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic on Tuesday is causing some logistics headache...

Old Xi Jinping speech sparks China monetary easing speculation

A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressiv...

US inflation increases moderately in February; consumer spending surges

U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest...

Futures lower, inflation data this week, new Bitcoin high - what's moving markets

U.S. stock futures point lower, suggesting a negative start to the week for equities. Markets are turning their gaze to key monthl...

US State Department requests $4 billion to outcompete China

The United States must employ "all the tools at our disposal" to outcompete China, a top U.S. State Department official said...

Biden budget plan would raise US taxes by $4.951 trillion over decade -Treasury

President Joe Biden's proposed U.S. government budget would raise tax receipts by $4.951 trillion over 10 years, including more th...

Futures search for direction, OpenAI's reported revenue - what's moving markets

U.S. stock futures seek direction heading into the final trading day of the week. The S&P 500 briefly touches the 5,...

Fed's Logan: risks more balanced, no urgency on rate cuts

Dallas Federal Reserve Bank President Lorie Logan on Friday said she is in no rush to cut interest rates, and while there has been...

EU agrees on looser fiscal rules to cut debt, boost investments

EU member states and MEPs struck a preliminary deal on Saturday to ease the bloc's stringent fiscal rules, giving governments more...

Moody's revises Turkey's outlook to positive on decisive change in economic policy

Moody's (NYSE:MCO) on Friday revised Turkey's outlook to positive from stable, citing the decisive change to the country's monetar...

Top 5 things to watch in markets in the week ahead

Retail sales data and bank earnings will be the highlight of a holiday shortened week as markets await more insights on the health...

US congressional leaders agree on stopgap funding bill -source

U.S. congressional leaders have agreed on a two-tranche stopgap spending bill to keep the federal government funded into March and...

Dollar on pace for first yearly loss since 2020

The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies on expectations the U.S. ...

Futures rise, Nvidia's new chip, Boeing - what's moving markets

Wall Street looks set to end the year on a positive note, as traders await next week’s crucial payrolls report. Boeing recei...

Nasdaq to pay $4 million settlement over apparent Iran sanctions violations

New York-based stock exchange Nasdaq Inc agreed to pay a $4 million settlement to the U.S. Department of Treasury over apparent vi...

Biden mocks Trump during California fundraising trip

President Joe Biden kicked off a three-day, star-studded fundraising trip in California on Friday by mocking Republican frontrunne...

S&P 500 and Nasdaq notch highest closes since early 2022

U.S. stocks closed higher on FridayA, with the S&P 500 and Nasdaq notching their highest closing levels since ...

Fed signals possible end to rate hikes amid easing inflation

In light of recent economic indicators pointing towards reduced inflationary pressures, the Federal Reserve has hinted at a ...

Germany's lower house of parliament approves Financing for the Future Act

Germany's lower house of parliament on Friday passed the Financing for the Future Act, to promote start-ups and improve access to ...

Analysis-Indo-Pacific trade deal prospects dim as 2024 US election year politics loom

The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistanc...

Stock investors see green light in falling Treasury yields

Hopes that a rout in Treasuries has run its course are tempting some investors back into the U.S. stock market after a months-long...

War with Hamas to cost Israel above $50 billion -newspaper

Israel's war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial ne...

S.Korea to re-impose stock short-selling ban through June to 'level playing field

South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for re...

JP Morgan president warns of economic risks amid high inflation and rising interest rates

Daniel Pinto, the president of JP Morgan Chase (NYSE:JPM) & Co., expressed concerns about the vulnerability of the r...

Top 5 things to watch in markets in the week ahead

Geopolitical tensions remain to the fore, while earnings and U.S. retail sales data will give an insight into the health of the co...

Biden to push Israel, Ukraine aid package over $2 billion this week

White House national security adviser Jake Sullivan said on Sunday that a new weapons package for Israel and Ukraine will be signi...

Global stocks edge down with data boost fading, shutdown and quarter-end in focus

MSCI'S global equities ended Friday's choppy session slightly lower as investors prepared for a likely U.S. government shutdown an...

Dollar on track for best quarter in a year

The dollar was on track to post its biggest quarterly gain in a year on Friday and gains for the 11th consecutive week as investor...

Analysis-Global bond investors fear more declines after vicious quarterly selloff

Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter...

Wall Street tumbles, Treasury yields gain as focus turns to Fed

U.S. stocks ended sharply lower and Treasury yields headed higher on Friday as plunging chip stocks and mixed economic data dampen...

SoftBank-backed Neumora valued at $2.51 billion in lukewarm debut

Shares of Neumora Therapeutics, which is backed by Amgen (NASDAQ:AMGN) and Japan's SoftBank (TYO:9984), fell in their market debut...

Russian rouble pares some gains after central bank hikes rates

The rouble strengthened on Friday but gave up some intraday gains after the Bank of Russia raised interest rates to 13%, a move an...

Factbox-Developing countries in the grip of debt problems

The persistent and damaging debt problems gripping a number of developing world nations will be a core topic during the G20 summit...

Full impact of Fed hikes still to be seen in real economy, ex-vice chair Blinder says

The full impact of the U.S. Federal Reserve's interest rate hikes that began in March 2022 has still not been completely transmitt...

China will widen market access for the service industry - President Xi

Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-borde...

US SEC poised to adopt rules for $20 tln private fund industry

Wall Street's top regulator is set next week to adopt new transparency rules for the $20-trillion private investment fund industry...

Marketmind: Bonds find respite but China crisis festers

A look at the day ahead in U.S. and global markets from Mike Dolan A rekindled bond market fire storm and simmering China propert...

Wall Street, yields tread water as investors await Fed at Jackson Hole

Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest ...

Fitch US downgrade followed protocols, despite timing questions

When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried fo...

White House pushes US agencies to 'aggressively' boost in-person work

The White House wants federal agencies to "aggressively" execute a shift to more in-person work starting next month, saying it is ...

EU stress test shows three banks falling short

Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billio...

IMF, Argentina reach staff deal on loan reviews to unlock $7.5 billion

The International Monetary Fund said on Friday it has reached a staff-level agreement with Argentina to unlock about $7.5 billion ...

Top 5 things to watch in markets in the week ahead

More big tech earnings and the U.S. jobs report for July will be the main highlights in the week ahead. Investors will also be foc...

European Union agrees post-Brexit rules for hedge funds

The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative ...

Bank deposits slip, lending inches higher in latest week: Fed

Bank deposits fell, but lending inched higher in the week ended July 12, the latest data from the Fed showed. Deposits at large U...

'Barbie' movie revives interest in doll collectors' market

Matthew Keith bought his first Barbie dolls in the 1970s using his allowance money, hiding them from his parents for fear they wou...

EU, Mercosur see little trade deal progress at inter-region summit

Next week's summit of leaders from the European Union, Latin America and the Caribbean is unlikely to unlock a proposed EU-Mercosu...

Factbox - Changes to Australia's central bank following review

Australia's government announced on Friday that Michele Bullock, Deputy Governor at the Reserve Bank of Australia, will take...

Yellen 'eager' to work with China on debt, other global challenges

Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt rest...

UK mortgage rates rise again, turning screw on homeowners and buyers

Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above th...

China's debt relief to poor countries slows amid continuing appeals for support

The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alon...

Fed's lending to banks shrinks in latest week

Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed ...

Fed’s Bostic Says Tackling High Inflation Is Top Priority

Federal Reserve Bank of Atlanta President Raphael Bostic said defeating elevated inflation was the US central bank’s top pri...

Exclusive-Fed's Daly: two more US rate hikes a 'very reasonable' projection

Two more U.S. interest-rate hikes this year is a "very reasonable" projection, San Francisco Federal Reserve Bank President Mary D...