SYDNEY (Reuters) – Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks.FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage at a business district in […]
Raul Duplessi became intrigued with the stock market nearly 15 years ago, when he landed his first job as a hotel doorman in Manhattan and a TV near his workstation played financial news on a continuous loop. But Mr. Duplessi, 36, a working-class native of the Bronx whose parents were from the Dominican Republic, wasn’t […]
NEW YORK (Reuters) – The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021.FILE PHOTO: People are seen […]
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(Reuters) – U.S. stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike further dampened sentiment.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. REUTERS/Brendan McDermid/File PhotoThe sportswear maker’s shares […]
(Reuters) – The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track.FILE PHOTO: Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File PhotoSome officials will watch the September jobs report, due Oct. 8, for a […]
ROME (Reuters) -Italy’s Treasury is confident it will be able to announce a deal to sell selected parts of state-owned bank Monte dei Paschi (MPS) to rival UniCredit next month, four sources close to the matter told Reuters on Friday.Slideshow ( 2 images )A slowdown in talks ahead of a vote on Oct. 3-4 in […]
The wealth gap between Black and white Americans is too enormous to be remedied through incremental programs. What’s needed are federal reparations. The reason is essentially twofold: The sheer size of the wealth gap requires massive federal intervention to close it, and justice requires that the U.S. government fulfill its unmet obligations to African American […]
SHANGHAI/BEIJING (Reuters) – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the troubled sector.FILE PHOTO: A peeling logo of the Evergrande Oasis, a housing complex developed by […]
FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak in London, Britain, September 7, 2021. REUTERS/Toby Melville/File Photo(Reuters) – British finance minister Rishi Sunak has ordered two immediate reviews of the country’s financial regulation related to the collapse of supply chain finance firm Greensill Capital. In a letter to a parliamentary committee that issued a […]