Global stocks head for weekly loss Japan’s Nikkei aim for seven consecutive winning weeks Treasuries rally on hopes of US debt ceiling deal PCE inflation data in the United States before the start of Wall Street LONDON, May 26 (Reuters) – Global stock markets were silent on Friday, with investors holding their breath as the … Read more
Nvidia Hits All-Time High on Optimistic Forecast AI heavy gamers, Microsoft, rising alphabet Two rating agencies place US credit on negative watch Closing indices: S&P 500 +0.88%, Nasdaq +1.71%, Dow -0.11% May 25 (Reuters) – Wall Street ended sharply higher on Thursday after an explosive forecast from Nvidia sent shares of the chipmaker soaring and … Read more
Weekly jobless claims rise by 4,000 to 229,000 Claims data for the previous two weeks has been revised down First quarter GDP growth revised to 1.3% Declining corporate profits in the first quarter WASHINGTON, May 25 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week and data for … Read more
(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
NEW YORK/WASHINGTON, May 22 (Reuters) – As talks on raising the U.S. government debt ceiling to $31.4 trillion culminate, banks and asset managers on Wall Street are bracing for the fallout a potential defect. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time the relatively short … Read more
One-year LPR maintained at 3.65%, five-year LPR at 4.3% The yuan broke the 7 to the dollar mark Widest China-U.S. government bond yield spread in two months PBOC may cut RRR in next policy move – analysts SHANGHAI/SINGAPORE, May 22 (Reuters) – China kept key rates unchanged for the ninth month of May on Monday, … Read more
Asian scholarships: S&P 500 futures down 0.1%, Japanese Nikkei flat US debt ceiling talks to resume after deadlock Powell less warmongering than feared; Yellen warns against further bank mergers G7 to reduce trade dependency on China, Beijing partially bans Micron SYDNEY, May 22 (Reuters) – Asian stocks and Wall Street futures struggled on Monday as … Read more
HIROSHIMA, Japan, May 21 (Reuters) – The International Energy Agency (IEA) does not expect the measures taken by the Group of Seven countries to counter the circumvention of energy price caps Russia are changing the supply situation for crude oil and petroleum products. said Fatih Birol, Executive Director of the IEA. The G7, the European … Read more
Home Depot falls after lower annual sales forecast Capital One up as Berkshire Hathaway reveals stake Horizon and Amgen fall after FTC files lawsuit to block deal Dow down 1.01%, S&P 500 down 0.64%, Nasdaq down 0.18% May 16 (Reuters) – U.S. stock indexes closed lower on Tuesday after disappointing Home Depot forecasts and U.S. … Read more
