Carmax surges after beating quarterly earnings Starbucks workers on strike next week Indices down: Dow 0.65%, S&P 0.77%, Nasdaq 1.01% NEW YORK, June 23 (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by testimony from Federal Reserve Chairman Jerome Powell in which he signaled further interest rate hikes to come , … Read more
Bank of England raises rates by surprise 50 basis points Accenture slips after quarterly revenue forecast Spirit AeroSystems sinks as production halts, weighs on Boeing Indices: Dow down 0.01%, S&P up 0.37%, Nasdaq up 0.95% June 22 (Reuters) – The S&P 500 and Nasdaq closed higher on Thursday as U.S. Federal Reserve Chairman Jerome Powell … Read more
FedEx slips after disappointing fourth quarter results Crypto Stock Gains as Bitcoin Loses $30,000 Tesla drops after Barclays downgrade Indices down: Dow 0.30%, S&P 0.52%, Nasdaq 1.21% NEW YORK, June 21 (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s testimony to Congress reinforced the central bank’s aim to contain … Read more
UK CPI steady at 8.7% in May vs. expected drop to 8.4% Core inflation hits its highest level since 1992 at 7.1% Markets step up bets on Bank of England rate hike Finance minister says government ‘will stick to its guns’ LONDON, June 21 (Reuters) – Britain’s inflation defied forecasts of a slowdown and held … Read more
June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more
Adobe falls as EU regulators investigate Figma deal Dice Therapeutics jumps on the Eli Lilly case Nike slips on inventory issues Indices down: Dow 0.66%, S&P 0.51%, Nasdaq 0.30% June 20 (Reuters) – Major Wall Street indexes fell on Tuesday as better-than-expected housing data stoked concerns over further interest rate hikes by the U.S. Federal … Read more
Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more
(1/2) The Lordstown logo is pictured on a smartphone in this illustration taken December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo June 16 (Reuters) – U.S. electric vehicle startups were expected to make massive weekly gains on Friday after a meteoric rally in their shares in recent sessions nearly doubled the value of companies such as Nikola … Read more
Retail sales increased by 0.3% in May; base sales increase of 0.2% Weekly jobless claims unchanged at 262,000 Manufacturing output increases by 0.1% in May Import prices fell by 0.6%; down 5.9% year-on-year WASHINGTON, June 15 (Reuters) – U.S. retail sales rose unexpectedly in May as consumers stepped up purchases of motor vehicles and building … Read more
May data points to economic slowdown Industrial production and retail sales growth beat expectations Youth unemployment rate hits record high The fall in real estate investment is accentuated PBOC lowers key rates to boost demand BEIJING, June 15 (Reuters) – China’s economy stumbled in May, as industrial production and retail sales growth missed expectations, bolstering … Read more
