Global markets quake as central banks grow more hawkish

A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 16, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Register NEW YORK, June 17 (Reuters) – Expectations for how drastically central banks need to tighten monetary policy … Read more

Bear market beckons as US stocks’ 2022 descent deepens

NEW YORK, June 13 (Reuters) – The stock market’s brutal year neared a grim milestone as the S&P 500’s slide on Monday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. The benchmark S&P … Read more

Texas power use to hit record as temperatures soar

Overhead power lines are seen during record-breaking temperatures in Houston, Texas, US, February 17, 2021. REUTERS / Adrees Latif Register now for FREE unlimited access to Register June 6 (Reuters) – Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after generation issues this … Read more

Musk threatens to drop Twitter deal if fake-account data not provided

June 6 (Reuters) – Elon Musk on Monday warned that he might walk away from his $ 44 billion offer to acquire Twitter Inc (TWTR.N) if the social media network failed to provide data on spam and fake accounts. In a letter to Twitter, the billionaire reiterated his request for details on bot accounts and … Read more

China property market slumps on developers’ debt crisis, weak buyer sentiment

People walk next to residential buildings in the coal city of Hegang, Heilongjiang province, northeast China January 2, 2020. Picture taken January 2, 2020. REUTERS / Ryan Woo / File Photo Register now for FREE unlimited access to Register HONG KONG, May 26 (Reuters) – China’s property market, a key pillar of the world’s … Read more

Analysis: Food inflation pain puts emerging markets between rock and hard place

Food makes up 40% of CPI baskets in low income countries UN food price index hits record in February, March More governments opt to introduce support measures Risk of social unrest is on the rise over food, fuel price rises LONDON / ISTANBUL / CAIRO, May 17 (Reuters) – Like for millions of people in … Read more

No place to hide: Dollar’s surge cuts across markets

US one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register LONDON, May 6 (Reuters) – “Our currency, your problem,” were the words of a former US Treasury secretary in 1971 to other finance ministers aghast at the … Read more

US consumer spending cools as goods outlays decline; labor market tightening

Consumer spending increases 0.2% in February Income rises 0.5%; saving rate climbs to 6.3% from 6.1% Core PCE price index gains 0.4%; up 5.4% year-on-year Weekly jobless claims increase 14,000 to 202,000 WASHINGTON, March 31 (Reuters) – US consumer spending barely rose in February as an increase in spending on services was offset by declining … Read more

Latam steps up as emerging markets struggle in first quarter

NEW YORK, March 31 (Reuters) – Latin America has served as a respite for whipsawed emerging market investors during the first quarter, as accelerating inflation and a more hawkish US Federal Reserve weigh on assets even before Russia’s invasion of Ukraine late February. Emerging market performance this quarter has been sharply determined by whether a … Read more

Tesla adds to wave of megacap stock splits

A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS / Pascal Rossignol / File Photo / File Photo Register now for FREE unlimited access to Register March 28 (Reuters) – Tesla’s (TSLA.O) announcement on … Read more