ECON

Asia shares mixed on Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks …

Asia shares mixed on Fed warning, China hopes Read More »

Yellen says US debt ceiling hike by lame-duck Congress would be ‘great’

NUSA DUA, Indonesia, Nov 13 (Reuters) – The US Treasury Secretary Janet Yellen on Sunday said that the Democrats’ clinching of US Senate control makes things easier for the Biden administration, but she would still like to see a debt ceiling increase approved before year-end in Congress’s post-election “lame duck” session. Yellen told reporters on …

Yellen says US debt ceiling hike by lame-duck Congress would be ‘great’ Read More »

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rallies Nasdaq and S&P 500 gain for second day Indexes end: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would …

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism Read More »

UK economy shrinks at start of feared long recession

GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Sept economic output -0.6% m/m vs poll -0.4% GDP in July and August revised up Economists still see UK going into recession Finance minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the start of …

UK economy shrinks at start of feared long recession Read More »

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. The reason for the mea culpa: His announcement half an hour earlier that FTX’s arch-rival, Binance, …

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto Read More »

Wall Street drops after midterm election, CPI in focus

Meta Platforms gains on decision to cut 11,000 jobs Disney slumps as losses in streaming unit mount Indexes: S&P 500 -1.55%, Nasdaq -1.97%, Dow -1.51% Nov 9 (Reuters) – Wall Street tumbled on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that …

Wall Street drops after midterm election, CPI in focus Read More »

Morning Bid: Congress unswept, crypto a mess

A look at the day ahead in US and global markets from Mike Dolan. Running market assumptions of a Republican clean sweep of US Congress in Tuesday’s midterm elections appear wide of the mark so far from early results, leaving investors to ponder the implication for the 2024 race for the White House on top …

Morning Bid: Congress unswept, crypto a mess Read More »

Wall Street ends higher as investors eye US midterms

Take-Two, Lyft slump on downbeat forecasts Amgen climbs on cholesterol drug data Indexes: S&P 500 +0.56%, Nasdaq +0.49%, Dow +1.02% Nov 8 (Reuters) – Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the US Congress, with investors betting on a political stalemate that could prevent major policy …

Wall Street ends higher as investors eye US midterms Read More »

As yen tumbles, gadget-loving Japan goes for secondhand iPhones

TOKYO, Nov 8 (Reuters) – For years Japanese shoppers eagerly shelled out for the latest gadgets, but now a tumbling yen has put new iPhones out of reach for some and sparked a growing secondhand trade in a major market for Apple Inc (AAPL. HE). The Japanese currency’s fall to a 32-year low against the …

As yen tumbles, gadget-loving Japan goes for secondhand iPhones Read More »

US stocks end higher, Meta jumps as investors eye midterms

Meta Platforms rallies after report of job cuts Apple slips as COVID-19 curbs crimp iPhone production in China Indexes close: S&P 500 +0.96%, Nasdaq +0.85%, Dow +1.31% Nov 7 (Reuters) – Wall Street ended sharply higher Monday as investors focused on Tuesday’s midterm elections that will determine control of Congress, while shares of Meta Platforms …

US stocks end higher, Meta jumps as investors eye midterms Read More »