February PCE growth slows S&P 500 poised for second quarter in a row Indexes up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% NEW YORK, March 31 (Reuters) – The Nasdaq was set to post its biggest quarterly gain since June 2020, with US stocks moving higher on Friday as signs of cooling inflation bolstered hopes that … Read more
Weekly jobless claims are up last week Faraday Future begins production of luxury EVs Roku benefits from plans to cut 200 jobs Futures Up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – US stocks were set to open higher on Thursday as banking crisis fears eased as investor attention turned to key consumer … Read more
BOAO, China, March 30 (Reuters) – China is determined to open up the world’s second-largest economy and implement reforms that can boost growth, Premier Li Qiang said on Thursday, adding that geopolitical tensions are hampering global development. would only hinder. Li’s remarks at an international business summit in the island province of Hainan are his … Read more
OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close its competitive gaps with the United States with a budget aimed at attracting investment into the low-carbon economy, including tax breaks for electric vehicle (EV) manufacturers and expansion of the power grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes … Read more
Level changed due to attacks on police officers Northern Ireland is hosting the 25th anniversary of the peace agreement The level was lowered last year for the first time in ten years LONDON, March 28 (Reuters) – Britain’s MI5 intelligence agency has raised the threat level in Northern Ireland from domestic terrorism to “severe”, meaning … Read more
BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany shut down on Monday morning, causing disruption for millions at the start of the working week in one of the biggest strikes in decades as Europe’s largest economy teeters from inflation. The 24-hour strikes called by the Verdi trade union and the … Read more
NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions by central banks to restore financial stability as they fear the turmoil in the global banking sector will continue amid rising interest rates. After the collapse of two US lenders this month and the Swiss government-orchestrated takeover of troubled … Read more
WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is under close scrutiny due to its potential to trigger a credit crunch, a US Federal Reserve policymaker said on Sunday, while a European Central Bank official also suggested a possible credit tightening. . Authorities around the world are on high alert about the fallout … Read more
March 25 (Reuters) – US authorities are considering expanding an emergency credit facility that would provide more support to banks, in a bid to give First Republic Bank (FRC.N) more time to strengthen its balance sheet, Bloomberg News reported. on Saturday. All deliberations are in the early stages and an expansion of the Federal Reserve’s … Read more
March 23 (Reuters) – The Bank of England followed the Federal Reserve and the Swiss National Bank on Thursday in continuing rate hikes, saying the UK banking sector was strong enough to withstand the instability that rippled through markets this month. Relentless rate hikes to contain inflation are among the factors responsible for the worst … Read more