US stocks climbed and bond yields jumped Wednesday after the Federal Reserve officially said it would raise interest rates for the first time since 2018. The S&P 500 was up 1.3% in recent trading. The tech-focused Nasdaq Composite advanced 2.4%, and the Dow Jones Industrial Average rose 0.5%. The indexes initially pared their gains in […]
US government bonds yields rose sharply on Wednesday after the Federal Reserve said it would lift short-term interest rates and signaled they could reach nearly 2% by the end of the year. In recent trading, the yield on the benchmark 10-year US Treasury note was 2.239%, according to Tradeweb, compared with 2.160% Tuesday. The two-year […]
Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, US, April 7, 2021. REUTERS/Lucy Nicholson/Files Register now for FREE unlimited access to Reuters.com Register Russia says some deals with Ukraine close to being agreed China’s new locally transmitted COVID-19 cases nearly halve IEA lowers 2022 oil demand growth forecast […]
Netflix will soon launch a test letting primary account holders pay an additional fee for users outside their households — a new attempt by the company to address illicit password-sharing. According to the Netflix terms of service, a customer’s account “may not be shared with individuals beyond your household.” After years of turning a blind […]
Chinese stocks surged Wednesday to their best day since 2008 as government officials signaled their regulatory crackdown could end soon. X Ali Baba (BABA), JD.com (JD), Baidu (BIDU) and other Chinese stocks bounced off multiyear lows. The stocks have been repeatedly hammered for more than a year, due largely to regulations, Covid-19 fears and macroeconomic […]
With premium gas costing drivers 65 cents more per gallon on average than regular gas as of Tuesday, drivers may be tempted to fill their tanks with regular fuel to save money. But is it a good idea? Experts say the right fuel choice will depend on what kind of vehicle you drive. If your […]
The world’s second-largest crude oil exporter could be forced to limit output by 3 million barrels per day in April, the International Energy Agency warned on Wednesday, as major oil companies, trading houses and shipping companies shun its exports and demand in Russia slumps. Russia was pumping about 10 million barrels of crude per day, […]
Americans can expect a measure of relief for record high gas prices as oil recedes to less than $100 a barrel, analysts said. Benchmark US crude rose 49 cents to $96.93 a barrel on Wednesday. down from around $130 a barrel last week — its highest level since 2008. Oil prices are falling as Russia […]
Millions of people are set to shell out hundreds, possibly even thousands, of extra dollars just to keep their homes warm this year. But there are plenty of ways to keep bills down, and a lot of them will help tackle climate change, too, and help damp gas prices — which means less money for […]
The Dow Jones Industrial Average jumped Wednesday morning as Ukrainian President Volodymyr Zelenskyy described peace talks as “more realistic,” accelerating a global market rally launched in China. The Federal Reserve’s interest-rate decision is due out later in the day. Treasury yields held at their highest level since July 2019, while US oil prices remained below […]
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