By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and the Dow ended with modest gains on Monday after manufacturing data raised concerns about a slowing U.S. economy that could help brin[...]
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May 15, 2023
Biden, McCarthy debt ceiling meeting planned for Tuesday afternoon
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m.[...]
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Britons face biggest tax rise since 1979, think tank says
By Suban Abdulla LONDON (Reuters) – Britons face the biggest tax-raising drive since the start of former prime minister Margaret Thatcher’s term of office in the coming years as more peopl[...]
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Turkey’s stocks and dollar bonds tumble as Erdogan in pole position for runoff
By Libby George and Karin Strohecker LONDON (Reuters) – Turkey’s sovereign dollar bonds and equities tumbled, and the cost of insuring exposure to the country’s debt spiked as Turkey[...]
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Mexico’s mighty peso hits 7-year record high against U.S. dollar
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency flexed its muscle on Monday to reach its highest value against the U.S. dollar in seven years, following nearly two years of in[...]
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Marketmind: Slump or recovery in China?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday will give investors a clearer picture of whether their g[...]
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Fed’s Barkin not yet convinced inflation heading steadily lower
By Howard Schneider AMELIA ISLAND, Florida (Reuters) -Richmond Federal Reserve President Thomas Barkin on Monday said he is not convinced inflation is on a steady decline back to the U.S. central bank[...]
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Wall Street advances, Treasury yields rise as debt-ceiling debate rolls along
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields rose amid flickering optimism that Washington will get past partisan wranglin[...]
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Anti-inflation fight may spur recession, investment opportunities -BlackRock
NEW YORK (Reuters) – Central bank efforts to tame inflation could spark a recession and market selloff that later this year or in 2024 leads to investment opportunities, the BlackRock Investment[...]
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