LONDON – European stocks rose slightly on Thursday, building on gains in the previous session. European dishes Stoxx 600 up 0.3% in early trading. Retail stocks were the standout group, up 2.5%, while telecommunications fell 0.4%. The cautiously positive start to European stocks comes after gains on Wednesday as strong US economic data eased investor … Read more
Alibaba says it will work to resume trading in US, Hong Kong after being added to SEC delisting risk list Chinese e-commerce giant Ali Baba said it would comply with U.S. regulators and working to maintain his listings in New York and Hong Kong. “Alibaba will continue to monitor market developments, comply with applicable laws … Read more
The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more
BEIJING (AP) – Asian stocks followed Wall Street’s decline on Wednesday as traders braced for a possible sharp interest rate hike from the Federal Reserve to cool inflation. . Shanghai, Hong Kong and South Korea fell. Tokyo moves on. Oil prices were little changed, at less than $100 a barrel. Wall Street fell on Tuesday … Read more
Faced with a potentially bad report this week on the overall health of the economy, President Joe Biden wants to convince a skeptical public that the US is not, in fact, headed into a recession.. The Commerce Department on Thursday will release new gross domestic product figures. Leading forecasts like the Atlanta Federal Reserve’s GDPNow … Read more
US Treasury yields fell on Tuesday as investors braced for an important policy decision from the Federal Reserve. Return on benchmark 10-year Treasury bond down 4 basis points to 2.781%, while yields above 30-year Treasury bond down 4 basis points to 3.01%. Yields move inversely to price and basis point by 0.01%. Much of this … Read more
The main averages on Wall Street are recovering this week, hitting their highest in more than a month on Wednesday as tech shares rallied. It has been said that the bulls are returning to the market, with the company’s earnings in the early sessions largely holding. But strategists at Goldman Sachs and elsewhere this week … Read more
Carol Yepes | Moment | beautiful pictures Most federal student loan borrowers who are pursuing a public service loan have faced some confusion and frustration along the way. The program, which allows people working for the government or specific nonprofit organizations to cancel their debt after 10 years, has been plagued by problems. Borrowers have … Read more
U.S. President Joe Biden speaks to his host as he arrives in Israel at Ben Gurion Airport in Lod near Tel Aviv, on July 13, 2022. Mandel Ngan | AFP | beautiful pictures Chairperson Joe BidenHis overall and economic approval numbers have hit the lowest level of his presidency and are down more than either … Read more
US Treasury yields were slightly higher on Monday, but the key yield curve remained inverted, with investors gauging the possibility of a Federal Reserve policy change next week. At around 6:04 a.m. ET, yielding above the benchmark 10-year Treasury bond increased to 2.963% while the yield above 30-year Treasury bond an increase of 3.117%. Yields … Read more