Yields on US government bonds have surged back to their highest levels since 2019, reflecting investors’ growing bets that Russia’s invasion of Ukraine won’t slow the momentum toward higher interest rates. The yield on the benchmark 10-year US Treasury note settled at 2.139%, up from 2.004% Friday and its highest close since June 2019. Yields, […]
Tsingshan Holding Group said large banks agreed to continue discussing a potential settlement with the Chinese metals producer, whose wrong-way bets led to a dayslong suspension of nickel trading on the London Metal Exchange. JPMorgan Chase JPM 0.99% & Co. and other banks are seeking billions of dollars that Tsingshan owes them for trades the […]
Stocks climbed and oil prices tumbled Monday, easing fears that a surge in commodity prices could stall the US economy as investors awaited a likely interest-rate increase by the Federal Reserve later this week. The Dow Jones Industrial Average rose nearly 1%, and the S&P 500 gained 0.6%. The benchmark stock index has fallen for […]
Rising food prices could lead consumers to expect higher inflation, becoming a self-fulfilling prophesy. Here, a market in Brooklyn, NY, on a recent day. Spencer Platt/Getty Images Text size The latest increase in consumer prices is worse than it looks, and it may only be the start. The consumer price index jumped 7.9% in February […]
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles. The Ukraine invasion has prompted Western car makers, luxury-good purveyors and other companies to leave Russia. Makers of drugs, vaccines and medical equipment continue to do business, however, saying […]
US stocks fell Thursday, as investors weighed up surging US consumer price inflation, a hawkish tilt from the European Central Bank, and stalled Russia-Ukraine negotiations. Oil prices were also rising again. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -1.37% fell 357 points, or 1.1%, to 32,930. The S&P 500 SPX, -1.56% […]
US stock futures declined, while oil prices rose sharply, as investors monitored developments surrounding Russia’s invasion of Ukraine and awaited fresh inflation figures. Futures for the S&P 500 declined 1% Thursday, while contracts for the tech-focused Nasdaq-100 fell 1.4% and futures for the Dow Jones Industrial Average were 0.6% lower. All three indexes broke a […]
European oil giants Shell SHEL 3.18% PLC and BP BP 5.21% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t […]
The Dow Jones Industrial Average dropped more than 700 points, putting the blue-chip gauge on track to enter a correction, as surging oil prices deepened concerns about economic growth. The Dow industrials were recently down 2.1%, or about 713 points, following four consecutive weeks of losses. At that level they would close in a correction, […]
US stocks and global equity indexes dropped as the threat of a potential ban on Russian oil imports spurred a surge in energy prices that investors worry could smother economic growth, especially in Europe. The Dow Jones Industrial Average and S&P 500 declined between 0.2% and 0.4% in early Monday trading. The Nasdaq Composite Index […]
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