By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as[...]
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May 19, 2023
BoC’s Macklem says it’s far too early to think about interest rate cuts
SAO PAULO (Reuters) -Bank of Canada Governor Tiff Macklem reiterated on Friday it is far too early to be thinking about interest rate cuts, adding that he expects the consumer price index to decline t[...]
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Artificial intelligence gives real boost to U.S. stock market
By Lewis Krauskopf NEW YORK (Reuters) – Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also provid[...]
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Russia and Cuba ink deals to revitalize communist-run island’s ailing economy
By Nelson Acosta and Dave Sherwood HAVANA (Reuters) – Russian officials and business leaders have signed multiple deals with Cuban counterparts at a forum in Havana this week, agreeing to work t[...]
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Oil slips as debt talks pause, Fed warns of high inflation
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new debt ceiling and trigger a default that would hurt the economy[...]
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US bank deposits and credit slip in latest week, Fed data shows
(Reuters) – Deposits at all U.S. commercial banks slipped last week and overall credit provided by banks edged lower as well, Federal Reserve data released on Friday showed. Deposits in the week[...]
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Fed’s Powell says risks more balanced, June policy decision unclear
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell said on Friday it is still unclear if U.S. interest rates will need to rise further, as central bank officials bala[...]
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US dollar skids as Fed’s Powell hints at June pause, debt talks stall
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying th[...]
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Investors look past US tech sector as uncertain environment clouds outlook
By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest[...]
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