PLCY

Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks rebound as Treasury yields fall Tesla leaps as Citigroup modernizes Nordstrom falls on reduced earnings forecast Dow Jones Industrial closed at the highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Major Wall Street indexes ended Wednesday with strong gains after minutes from the …

Wall Street rises as Fed signals slowdown in rate hikes Read More »

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan Read More »

Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs further rate hikes Data shows that the US labor market remains tight Cisco shares rise after Co raises full-year outlook Macy’s jumps on raising its earnings forecast Indices down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s major indexes ended slightly lower on Thursday in a choppy session …

Wall Street drops as hawkish Fed official comments weigh Read More »

Fed’s Barr: Concerned about blowback to financial system from crypto

Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulator, said on Tuesday he was concerned about risks to the non-banking sector, including cryptocurrencies, for which the U.S. central bank and other regulators have low visibility. “We are concerned about risks that we ignore in the non-banking sector,” Barr said in response to …

Fed’s Barr: Concerned about blowback to financial system from crypto Read More »

Wall Street ends lower as investors gauge Fed’s policy path

Losses accelerate as choppy session ends Fed’s Brainard signals slower rate hikes ahead Real estate, the main discretionary declines of the S&P sector Biogen and Lilly rise up over failure of Roche’s Alzheimer’s drug Indices down: Dow 0.63%, S&P 500 0.89%, Nasdaq 1.12% Nov 14 (Reuters) – Wall Street’s major indexes ended lower on Monday, …

Wall Street ends lower as investors gauge Fed’s policy path Read More »

Apple warns of lower iPhone shipments as COVID curbs hobble China plant

Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says factory in China is operating at greatly reduced capacity Apple supplier Foxconn revises down its outlook for the fourth quarter TAIPEI, November 7 (Reuters) – Apple Inc. (AAPL.O) expects shipments of high-end iPhone 14 models to be lower than previously expected following …

Apple warns of lower iPhone shipments as COVID curbs hobble China plant Read More »

European stocks up as investors see signs Fed could slow rate rises

LONDON, Oct 25 (Reuters) – European stocks rose in early trading on Tuesday as investors wary of signs that the U.S. Federal Reserve could slow its rate hikes, although concerns over China’s economy continue to weigh in Asian markets. Asian stocks struggled to make gains on uncertainty over whether Xi Jinping’s new leadership team would …

European stocks up as investors see signs Fed could slow rate rises Read More »

Japan’s suspected FX intervention fails to stem yen slide

Yen volatile as Tokyo suspects intervention for 2nd day FX officials remain tight-lipped on intervention Policymakers maintain warning against excessive FX volatility BOJ Kuroda repeats must maintain ultra-low rates TOKYO, Oct 24 (Reuters) – Japanese policymakers continued efforts to rein in the yen’s sharp decline on Monday, including through two consecutive market days of suspected …

Japan’s suspected FX intervention fails to stem yen slide Read More »

Oil prices drop more than 1% as China demand data disappoints

SINGAPORE, Oct 24 (Reuters) – Oil prices fell more than 1% on Monday after Chinese data showed demand from the world’s biggest crude importer remained lackluster in September amid strict COVID-19 policies and fuel export restrictions that have reduced fuel consumption. Brent futures for December settlement fell $1, or 1.1%, to $92.50 a barrel at …

Oil prices drop more than 1% as China demand data disappoints Read More »