Euro reaches five-year low

So far during the 20th week of 2022, the exchange rate of the single European currency, the euro (EUR) and the US dollar (USD) currency pair reached US$ 1.0349 per EUR, which...

Oil prices remain slightly above US$ 100 per barrel

The current course of oil trading on the commodity market shows that despite the agreement of OPEC and OPEC+ allies adopted at the latest meeting of this oil cartel on Thursday 5...

Price of gold rose slightly despite the strong US dollar

During the Tuesday trading morning of 10 May 2022, gold trading rose slightly, despite the still very strong exchange rate of the US dollar (USD), with the US domestic currency reaching its...

The largest rate increase in the US in the last 20 years

At its meeting on 4 May 2022, the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) raised the key interest rate by 50 basis points. The rise represents the largest increase in...

Moderna completes FDA submission for use of COVID shot in adolescents, kids

(Reuters) - Moderna (NASDAQ:MRNA) Inc has made all necessary submissions required by the U.S. Food & Drug Administration for emergency use authorization of its COVID-19 vaccine in adolescents and children, it said on Wednesday. The company is...

Toyota rolls out first battery electric car in cautious debut as rivals go full-throttle

By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver...

Bitcoin falls 7.2% to $28,758

By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver...

Dollar slips after CPI data as Fed expectations in check

By Chuck Mikolajczak NEW YORK (Reuters) - The dollar was lower on Wednesday after economic data showed inflation remained high but was unlikely to lead the Federal Reserve to shift to a more aggressive path...

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

By Nina Chestney LONDON (Reuters) -Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first...

Euro weakens against the US dollar trading below US$ 1.07 per EUR

Since the beginning of the new trading week, which is the 17th one of 2022, the exchange rate of the single European currency (EUR) continues to weaken against the US dollar (USD)....

US dollar climbs to a two-year high against the euro

In recent days the exchange rate of the US dollar (USD) has reached a roughly two-year high against the single European currency, the euro (EUR) and an 18-month high against the British...

Netflix drops Meghan Markle’s animated series ‘Pearl’

By Maria Ponnezhath (Reuters) - Streaming platform Netflix Inc (NASDAQ:NFLX) said on Sunday it had decided to stop work on Meghan Markle's family series "Pearl" as it reviewed animated content. Dropping several projects, including Markle's, was...

Tata, India’s electric vehicle king, takes a frugal road less travelled

By Aditi Shah PUNE, India (Reuters) - To make its first electric vehicle for the consumer market, India's Tata Motors (NYSE:TTM) Ltd repurposed an unused shop floor at its flagship plant. Here, there's no fancy assembly line...

Markets Week Ahead: Dow Jones, USD, GBP/USD, AUD/USD, Gold, FOMC, NFP, China, RBA, BoE

A wave of risk aversion spread through global financial markets last week, pushing major equity indexes across the United States, Europe and Asia lower. The Dow Jones Industrial Average (DJIA) shed over 1%, while the technology-heavy Nasdaq-100...

3 Stocks To Watch In The Coming Week: Advanced Micro Devices, Airbnb, Moderna 

Investors will be bracing for another volatile week in the stock market this week on signs that ongoing bearish sentiment has more room to run, especially when an adverse macroeconomic environment has begun to...

1 Stock To Buy, 1 To Dump When Markets Open: Activision Blizzard, Robinhood

Stocks on Wall Street plunged on Friday, with the tech-heavy NASDAQ Composite suffering its worst month since 2008, as technology shares sank following disappointing earnings and worries over looming Fed rate hikes. NASDAQ, DOW and SPX Daily Charts The week ahead...

S&P 500 and FTSE 100 Forecasts for the Week Ahead

&P 500 | ALL EYES ON POWELL The S&P 500 is on course to close its worst monthly performance since the Q1 2020 Covid Crash, down 6%. As we highlighted in our quarterly guide Fed policy remains...

Price of gold stagnates and a decline is expected

Recent developments show investors' concerns regarding a possible fall in gold prices due to the strengthening of the US dollar (USD) exchange rate due to further interest rate increases by the US...

First all-private astronaut team aboard space station undocks for flight home

By Steve Gorman (Reuters) -The first all-private astronaut team ever to fly aboard the International Space Station (ISS) departed the orbiting outpost on Sunday to begin a descent back to Earth, capping a two-week science...

Nissan shares fall 4% on report Renault exploring stake sale

TOKYO (Reuters) -Shares of Nissan (OTC:NSANY) Motor Co Ltd slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA (OTC:RNLSY) may consider lowering its stake in...

Euro inches up after Macron’s victory, gains against bruised sterling

By Saikat Chatterjee LONDON (Reuters) - The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak...

Macron beats Le Pen: Market reaction

By Saikat Chatterjee LONDON (Reuters) -Following is market reaction to French President Emmanuel Macron's victory over rival Marine Le Pen in Sunday's election. With 97% of votes counted, Macron was on course for 57.4% of the...

Markets Week Ahead: Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, US GDP

The Dow Jones Industrial Average (DJIA) dropped for a fourth consecutive week, sliding nearly 2% as risk-sentiment deteriorated sharply into the weekend. The trigger appeared to be a tangible increase in the Fed’s rhetoric to considerably...

1 Stock To Buy, 1 To Dump When Markets Open: Tesla, PayPal

Stocks on Wall Street plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since October 2020 amid mounting fears over the Federal Reserve’s plans to aggressively raise interest rates. Dow, S&P 500, NASDAQ...

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

A busy week ahead of US companies reporting Q1 earnings with household names including General Electric (GE), Microsoft (MSFT), Ford (F), Twitter (TWTR), Amazon (AMZN), and Apple (APPL) all set to deliver their latest...

Oil prices rose again by more than 6%

On Tuesday, 12 April 2022, the commodity market saw a sharp rise in oil prices, with daily increases in both, North Sea Brent crude oil and West Texas Intermediate (WTI) light crude...

Euro value continues to drop

Since the end of last week, the single European currency, the Euro (EUR), has seen its exchange rate fall, especially against the US dollar (USD). First, this currency pair traded at US$...

New Bitcoin payment method makes cryptocurrency more attractive

There is a new and highly efficient way to send US dollars (USD) incredibly quickly practically all over the world via bitcoin (BTC). Yesterday, Tuesday, 5 April 2022, Blockchain start-up Lightning Labs...

Spotify rebrands live audio streaming service

(Reuters) - Spotify Technology SA (NYSE:SPOT) on Tuesday re-branded its live audio-streaming service to Spotify Live and announced a slew of new content by top artists, as it doubles down on the format at a time...

Phillips 66 names Mark Lashier as next CEO, replacing Greg Garland

By Erwin Seba HOUSTON (Reuters) -Phillips 66 on Tuesday said Mark Lashier, its chief operating officer, will take over the fourth largest U.S. oil refiner from Chief Executive Greg Garland on July 1. Garland, who has...

Dollar rebounds as Brainard assures markets Fed will stay the course

By Hannah Lang WASHINGTON (Reuters) -The dollar rebounded on Tuesday after digesting slightly softer-than-expected U.S. inflation data, while the euro extended losses ahead of a policy-setting meeting at the European Central Bank. Federal Reserve Governor Lael...

US Dollar Price Action Setups Post-CPI: EUR/USD, GBP/USD, USD/JPY

This morning brought the release of March CPI figures into markets and, once again, the headline CPI print came out above expectations. This time, however, we crossed the 8% marker with an 8.5% print, constituting...

Biden to tap ethanol to lower fuel prices as consumer prices continue to surge

By Steve Holland, Alexandra Alper and Jarrett Renshaw MENLO, Iowa (Reuters) -U.S. President Joe Biden unveiled plans on Tuesday to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring...

Oil rises on OPEC warning and easing of Shanghai COVID curbs

By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday as lockdowns eased in Shanghai and as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to...

Opening Bell: Yield Rally Continues Ahead Of U.S. Inflation Data, Futures Waver

By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday as lockdowns eased in Shanghai and as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to...

US Inflation Hits Highest Rate Since 1981 at 8.5%, Dollar Falls on Core CPI...

Inflationary forces strengthened last month as Americans paid more for gasoline and groceries, pushing the cost of living to the highest level in more than four decades - a challenging economic environment that puts...

United States likely to release strategic oil reserves

On Wednesday evening March 30, 2022, the price of oil on the commodity market has started to decline by about 6%. According to financial strategists the main reason for this drop in...

Euro under pressure due to inflation and war in Ukraine

In recent times the eurozone countries are increasingly exposed to financial pressures, causing the euro (EUR) to depreciate against other major world currencies and, in particular, against the US dollar (USD).  On...

Amazon’s new union demands company start bargaining in May

(Reuters) - The union that Amazon.com Inc (NASDAQ:AMZN) workers recently voted to represent them has demanded the company start bargaining in early May and cease any changes to employment terms at their warehouse in...

China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids

(Refiles to clarify in headline, first paragraph that BYD stops making fully combustion engine cars but smaller gasoline engines still used in plug-in hybrids) BEIJING (Reuters) -China's largest electric vehicle (EV) maker BYD Co (OTC:BYDDF)...

GBP Forecast Q2 2022: The Bank of England's Inflation and Growth Puzzle

The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already...

1 Stock To Buy, 1 To Dump When Markets Open: Alibaba, Citigroup

Despite the continuation of the Ukraine/Russia crisis, stocks on Wall Street ended modestly higher on Friday, as the release of solid U.S. employment data underlined expectations for tighter Fed policy in the months ahead. S&P 500 Daily Chart The upbeat report sparked a...

Long USD/ZAR: Top Trade Opportunities

LONG USD/ZAR: AGGRESSIVE FED MARKING THE END OF THE ROAD FOR RESILIENT RAND? After a strong Q1 in 2022 for the ZAR (which has been the trend over the past few years), the rand could...

Refugees from Ukraine interested in BTC

The conflict between Ukraine and the Russian Federation, which just a month ago resulted in an open war dispute, with Russian troops entering the Ukrainian territory under the pretext that Ukraine threatens...

Price of US dollar in anticipation of more news from Fed

Last Wednesday, 16 March 2022, at its meeting the Federal Reserve System’s Federal Open Market Committee (FOMC) raised its benchmark interest rate by a quarter of a percentage point from 0.25 to...

Apple’s iCloud and iMessage suffering some outages – Downdetector

(Reuters) -Apple Inc said it has resolved the issues that caused outages to its iMessage service after complaints earlier on Thursday, as the tech behemoth grappled with disruptions to its cloud services for the...

S&P 500 Climbs on Bullish Bets Powered by Chip Stocks

By Yasin Ebrahim Investing.com – The S&P 500 climbed Thursday as chip stocks led a broad-based rally in tech and the strongest jobless claims report in decades pointed to underlying strength in the economy. S&P 500 rose...

Dollar climbs as data supports bigger rate hikes

By Chuck Mikolajczak NEW YORK (Reuters) - The dollar rose for the fourth time in the past five sessions, as economic data on the labor market helped firm expectations the U.S. Federal Reserve will be...

Russian demand for rouble gas payments would be breach of contract, EU leaders say

By Kate Abnett BRUSSELS (Reuters) - Leaders from some European Union member states said on Thursday Russia's demand that "unfriendly" countries use roubles to buy for its oil and gas could breach supply contracts. President Vladimir...

Exclusive-OPEC officials tell EU of unease about proposed ban on Russian oil, sources say

By Alex Lawler LONDON (Reuters) - OPEC officials believe a possible European Union ban on oil from its partner Russia over the invasion of Ukraine would hurt consumers and the group has conveyed its concerns...

Gold rises on Ukraine concerns, gains curbed by rate hike bets

By Brijesh Patel (Reuters) - Gold rose to a more than one-week high on Thursday as concerns over soaring prices and uncertainty surrounding the war in Ukraine lifted bullion's appeal as a safe-haven and an...

British pound strengthens after rates rose

At its meeting on 17 March 2022, the Central Bank of the United Kingdom of Great Britain and Northern Ireland (BoE) raised the benchmark interest rate by 25 basis points or by...

Markets Week Ahead: Nasdaq 100, Hang Seng Index, US Dollar, British Pound, Powell, UK...

Global market sentiment roared higher this past week, particularly led by the technology sector. On Wall Street, futures tracking the Nasdaq 100, S&P 500 and Dow Jones gained 8.5%, 6.36% and 5.59% respectively. For the Nasdaq, it was the...

Gold rises as Ukraine crisis persists, hawkish Fed caps gains

By Bharat Gautam (Reuters) - Gold prices edged up on Monday as fighting in Ukraine buoyed demand for the safe-haven asset, although strength in U.S. bond yields restricted bullion's gains. Spot gold XAU= was up 0.3% at...

Oil prices jump again as EU considers Russian oil ban

By Noah Browning LONDON (Reuters) - Oil prices jumped more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and...

Japanese Yen Outlook: JPY Remains Bearish But Beware of Rising Intervention Risks

Price action in the Japanese Yen remains bearish as USD/JPY and cross-JPY showing little signs of pulling back. There have been several reasons as to why the Japanese Yen has received little support. Firstly, the energy...

Tech And Large Cap Indices Recover; Bottom May Now Be In

The NASDAQ and S&P 500 both made strong recoveries from their last stand against February lows.  What was looking a slam dunk for a big move lower has instead turned into a four day rally which broke through...

US Federal Reserve raises rates after three years

Traditionally, a two-day meeting of the key central bank of the United States - the Federal Reserve System’s (Fed) Federal Open Market Committee (FOMC), took place from Tuesday, 15 March 2022 to...

S&P cuts Russia’s ratings to ‘CC’ on debt default risk

(Reuters) - S&P on Thursday lowered Russia's rating to 'CC' from 'CCC-', as the country reported difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds. Russia's payment woes stem from international sanctions...

FedEx shares slip as higher profit falls short of expectations

By Lisa Baertlein and Aishwarya Nair (Reuters) -U.S. delivery firm FedEx Corp (NYSE:FDX) posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss...

U.S. dollar hits lowest in week as investors gauge Fed policy, euro firmer

By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve's monetary policy outlook a day after the U.S. central...

Rouble firms in Moscow, volatile offshore as coupon payment news awaited

(Reuters) -The Russian rouble rose in Moscow trading and was slightly weaker offshore on Thursday, with investors watching Russia-Ukraine peace talks and reports of foreign currency coupon payments on Russia's sovereign debt. Ukraine's capital Kyiv...

Price of oil hits new high

The current geopolitical situation, especially the Russia-Ukraine conflict in Eastern Europe, caused the price of oil to rise to a new 14-year high, and according to analysts and commodity market financial strategists,...

Ukraine president calls on software giants to stop supporting their products in Russia

LVIV, Ukraine (Reuters) - Ukrainian President Volodymyr Zelenskiy on Sunday called on U.S. software firms Microsoft Corp (NASDAQ:MSFT) and Oracle Corp (NYSE:ORCL) and German business software group SAP to halt support services for their products in Russia. "Stop supporting...

Israel stocks lower at close of trade; TA 35 down 1.51%

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Banking, Financials and Technology sectors led shares lower. At the close in Tel Aviv, the TA 35 declined 1.51% to hit a new 1-month low. The best performers...

1 Stock To Buy, 1 To Dump When Markets Open: DraftKings, FedEx

Stocks on Wall Street ended sharply lower on Friday, with the benchmark S&P 500 Index suffering its second straight weekly loss, as investors remain cautious about the ongoing conflict between Russia and Ukraine. S&P 500 Daily Chart The week...

S&P 500 Index Faces More Headwinds as Inflation Soars, Ukraine Crisis Deepens

The S&P 500 index – the world’s most-followed equity benchmark – has fallen over 11% from its all-time highs. While the US economy is embracing a strong post-pandemic recovery, rising inflationarypressures and the outbreak of the Ukrainewar are clouding its...

HYG: High Yield Corporate Bond ETF Nears A Tipping Point

Depicted on the following monthly chart of the High Yield Corporate Bond ETF (NYSE:HYG) are a long-term downtrending channel, several horizontal support and resistance levels, and a large sideways "CHAOS ZONE." HYG's current push downward is accelerating and is...

Brent Crude Oil Forecast: Markets Continue Search for Additional Supply

Brent Crude oil prices continue to sway in accordance with news flows. For example, on Wednesday this week oil prices plummeted after the UAE ambassador to Washington said his country supported pumping more oil. The immediate 13...

Steve Cohen’s Point72 to redeem $750 million from Melvin Capital – Bloomberg News

(Reuters) - Billionaire investor Steve Cohen's Point72 Asset Management is pulling out the $750 million it invested in Melvin Capital Management, Bloomberg News reported https://bloom.bg/3whzrgL on Saturday. Point72 will soon start redeeming the money in...

France to offer fuel rebate to cushion soaring prices – PM

PARIS (Reuters) -France is to introduce a rebate of 0.15 euros ($0.16) per litre of transport fuel to help drivers cope with soaring pump prices, Prime Minister Jean Castex said in an interview with...

Ukraine to start 2022 spring sowing in coming days – deputy minister

LVIV, Ukraine (Reuters) - Ukraine plans to start sowing spring grains in the coming days and has enough grain in stocks to ensure the population has enough bread, deputy agriculture minister Taras Vysotskiy said...

France, UK, Germany say Iran deal could collapse on Russian demands

PARIS (Reuters) - France, Britain and Germany warned Russia on Saturday that its demands to have its trade guaranteed with Iran risked the collapse of an almost-completed nuclear deal. Negotiators have reached the final stages...

Turkey, Armenia hold ‘constructive’ talks on mending ties

By Tuvan Gumrukcu ANTALYA, Turkey (Reuters) -Turkish Foreign Minister Mevlut Cavusoglu said he held "productive and constructive" talks with his Armenian counterpart Ararat Mirzoyan on Saturday as they bid to mend ties after decades of...

Euro continues to decline

The single European currency, the euro (EUR), experienced a sharp decline in its exchange rate during the Ukrainian-Russian conflict. The release of eurozone macroeconomic data also contributed to the further decline of...

Canada’s low-cost carrier WestJet to buy rival Sunwing Airlines

(Reuters) - Canadian airline WestJet Group, owned by private equity firm Onex Corp, said on Wednesday it would buy leisure rival Sunwing Airlines for an undisclosed amount as it looks to tap into a...

Wall Street ends sharply higher; Powell assuages rate worries

By Devik Jain and Noel Randewich (Reuters) - Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had...

Factbox-Is Russia’s National Wealth Fund deep enough to counteract sanctions?

MOSCOW (Reuters) - Russia plans to tap its National Wealth Fund (NWF), a rainy day cushion, after it scrapped its borrowing plan this year amid Western sanctions and said it would spend up to...

Sudan’s economy tumbles in post-coup deadlock

By Khalid Abdelaziz, Nafisa Eltahir and Aidan Lewis KHARTOUM (Reuters) - Sudan is once again lurching towards economic collapse in the aftermath of a coup in October, with exports plummeting more than 85% in January...

3 Cybersecurity Stocks Primed To Outperform As Global Cyberattack Fears Escalate

Cybersecurity stocks have been struggling in recent months amid a general sell-off in tech shares triggered by fears surrounding the Federal Reserve’s plans to tighten monetary policy. However, the beaten-down sector has managed to stage...

Oil spikes as Russian supply concerns increase amid sanctions

By David Gaffen NEW YORK (Reuters) -Oil surged relentlessly beyond $110 a barrel on Wednesday, extending its rally since Russia invaded Ukraine seven days ago, on expectations that the market will remain short of supply...

OPEC+ seen sticking to modest output rises despite oil rally

By Maha El Dahan, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, ignoring the Ukraine crisis during their...

Price of oil, affected by Russian-Ukrainian tensions, rises

The current tensions on the Ukrainian-Russian border, which may escalate into conflict, have caused oil prices to rise on the global commodity market. During Monday, 14 February 2022, oil prices rose by...

Inflation in the US hits global financial markets

Business trends of the entire global financial market significantly changed during Thursday's European trading evening of 10 February 2022, after data on the January inflation in the United States (US) were reported....

ECB under pressure while euro weakens

The European Central Bank (ECB) has come under strong pressure on its inaction and attitudes towards raising interest rates following a meeting of its Governing Council. Currently, interest rates outside the eurozone...

Euro Forecast: EUR/USD Bid Ahead of FOMC

TECHNICAL ANALYSIS EUR/USD DAILY CHART Chart prepared by Warren Venketas, IG The daily EUR/USD chart has found support at the 1.1300 psychological handle and trading above the 20 and 50-day EMA’s respectively today. Scope to reach 1.1400 is highly likely unless the FOMC minutes take an even more...

Malaysia keeps March crude palm oil export duty at 8%

KUALA LUMPUR (Reuters) - Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website showed on Wednesday. The...

Oil prices recoup losses as Russia-Ukraine tensions ease

By Noah Browning LONDON (Reuters) -Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent traded...

UK Inflation Hits a Fresh 30-Year Peak, GBP/USD Edges Higher

Price pressures in the UK continue to increase, according to the latest data released by the Office for National Statistics (ONS) with core inflation y/y rising to 4.4% in January, an increase of 0.2%...

Price of gold is close to the weekly maximum

Gold prices were stable during European trading morning of 8 February 2022, as inflationary pressures kept this precious metal close to the weekly high of the previous trading session. While market participants...

Peloton hits reset with CEO change, job cuts

By Subrat Patnaik and Aishwarya Nair (Reuters) -Peloton Interactive Inc will replace its chief executive and cut about 2,800 jobs, the company said on Tuesday, as the exercise bike maker looks to revitalize sagging sales...

Cerberus seeking to sell more Deutsche Bank shares – bookrunner

By Tom Sims and Christoph Steitz FRANKFURT (Reuters) - Cerberus placed 15 million shares in Deutsche Bank (DE:DBKGn), a term sheet from the investment bank running the sale showed on Tuesday, making it the second time within...

Dollar, euro little changed after ECB pushback

By Herbert Lash NEW YORK (Reuters) -The dollar strengthened and the euro weakened in sideways trade on Tuesday, a day after European Central Bank President Christine Lagarde tapped down expectations of aggressive interest rate hikes...

Canadian dollar falls as trade balance shifts into deficit

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday, giving back some of the previous day's sharp gains, as oil prices fell and domestic data showed a surprise...

Opening Bell: Treasury Yields, Base Metals, U.S. Dollar Rally; Futures Wobble

Key Events US futures on the Dow Jones, S&P 500, NASDAQ and Russell 2000 wobbled on Tuesday, signaling that the New York session would open lower, notwithstanding that shares in Europe began the trading day higher. Rising commodity prices benefited mining...

Oil prices close to seven-year high

During the European trading morning of 2 February 2022, oil prices rose towards a seven-year high on the global commodity market. Current oil prices have thus strengthened from last week and especially...

Oil slips from 7-year highs ahead of more U.S.-Iran talks

By Scott DiSavino NEW YORK (Reuters) -Oil slid more than 2% on Tuesday from recent seven-year highs as the resumption of indirect talks between the United States and Iran could revive an international nuclear agreement...

Blockchain rare earth scheme to certify sustainable output for EVs

By Eric Onstad LONDON (Reuters) -An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to...

Amazon plans to more than double base pay cap for employees – memo

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo. The e-commerce giant will...

U.S. Senate Democrats press JPMorgan for details on debt collection practices

By Pete Schroeder WASHINGTON (Reuters) -Senior Democrats in the U.S. Senate are pressing JPMorgan Chase & Co (NYSE:JPM) for details on how they take overdue credit card borrowers to court. In a letter sent to the...