Investors have been watching the US Treasury yield curve for inversions, a reliable predictor of past economic downturns. They don’t always agree on which part of the curve is best to watch though. “Yield curve inversion, and flatting, has been at the forefront for everyone,” said Pete Duffy, chief investment officer at Penn Capital Management […]
US stocks rebounded for a second consecutive week as investors gained confidence that the economy can withstand the escalating war in Ukraine and the Federal Reserve’s plans to lift interest rates to control inflation. The S&P 500 climbed 1.8% for the week, extending its gains over the past two weeks to 8.1%, the strongest run […]
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images A US senator from Wisconsin is urging Kohl’s to not accept any buyout offer that might precede a bankruptcy filing or threaten workers’ jobs in the retailer’s home state. Sen. Tammy Baldwin, a Democrat, sent a letter to Kohl’s board of […]
Treasury Secretary Janet Yellen on Friday said she does not believe the US should impose sanctions on China because of its ties to Russia. “I don’t think that that’s necessary or appropriate,” the Treasury secretary told “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make […]
Executive Vice President of the European Commission for a Europe Fit for the Digital Age Margrethe Vestager. Thierry Monasse | Getty Images News | Getty Images The European Union agreed on landmark new antitrust regulations that could reshape the business models of US technology giants Meta, Apple, Amazon and Google dramatically. The rules are expected […]
SINGAPORE — Chinese stocks fell Friday as the rest of Asia-Pacific traded mixed, while Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng dropped 2.47% to close at 21,404.88, paring some losses after plunging nearly 3% earlier. The Shanghai composite was down 1.17% to close at 3,212.24, and the Shenzhen component […]
SINGAPORE — Stocks across Asia-Pacific were mixed Friday morning as Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng was subdued, dipping 0.23%. Shares of Hong Kong-listed Russian aluminum producer Rusal bucked the trend, and surged more than 10% in early trade before paring gains to trade about 1.5% higher. The […]
Gas prices hit over $6 dollars per gallon at a petrol station in Los Angeles, California on February 23, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices have been fluctuating but are likely to keep moving sporadically higher, and more drivers could pay over $5 and even $6 a gallon for unleaded […]
Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Waller said in a speech at a housing conference. But even as home and rental prices […]
Check out the companies making headlines before the bell: Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of $1.93 per share, missing the $2.10 consensus estimate, with revenue and comparable-store sales also below analyst forecasts. Darden said the omicron variant significantly impacted guest demand, staffing levels and […]
0