By Lawrence Delevingne and Samuel Indyk (Reuters) – Wall Street indexes and global equities slid further on Tuesday, and bonds wrapped up a difficult month by holding their elevated yields, as m[...]
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February 28, 2023
Oil rebounds almost 2% on China growth hopes
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose nearly 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset worries about U.[...]
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US retailers’ lure cash-strapped customers with products under $5
By Siddharth Cavale and Uday Sampath Kumar NEW YORK (Reuters) – Retailers have a new sweet spot: products that cost $3 to $5. Target said on Tuesday that it would be stocking its shelves with mo[...]
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U.S. consumer confidence retreats, house price inflation cools further
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in February, with the decrease concentrated among lower-middle-income households, though Americans grew more u[...]
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Marketmind: China manufacturing PMI, Aussie GDP top data deluge
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A bumper data dump on Wednesday kicks off the new trading month in Asia, with China’s manufactur[...]
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Explainer-What’s the latest on Biden’s U.S. student loan forgiveness?
(Reuters) – U.S. President Joe Biden’s plan to forgive federal student loans, first announced in August, was blocked by two legal challenges. It is being scrutinized by the Supreme Court o[...]
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Peru announces $9 billion injection to boost economy amid protests
LIMA (Reuters) – Peru’s government announced on Tuesday the launch of more than 30 public-private projects worth nearly $9 billion, hoping to revive the economy hit by violent anti-governm[...]
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Colombia cabinet shuffle, health reform cause markets to wobble
By Nelson Bocanegra BOGOTA (Reuters) – The decision by Colombia’s leftist President Gustavo Petro to replace three ministers this week, as well as the forecast costs of a health reform mak[...]
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NY Fed paper says government should clarify, formalize bond market interventions
By Michael S. Derby (Reuters) – Authorities need to move beyond ad-hoc responses to episodes of government bond market tumult and clarify how a central bank or other parts of government will res[...]
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