WASHINGTON (Reuters) – President Joe Biden may sign the bill lifting the U.S. debt ceiling as soon as Saturday, according to the White House. Spokesperson Karine Jean-Pierre said on Friday the s[...]
Read more
June 2, 2023
Wall Street ends up on jobs data, debt default averted
By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike[...]
Read more
Argentines grill more steak despite pressures of 109% inflation
By Anna-Catherine Brigida and Lucila Sigal BUENOS AIRES (Reuters) – Argentines are expected to eat the most beef in five years in 2023, extending the country’s reign as the No. 1 steak con[...]
Read more
Fitch keeps its negative slant on UK credit rating
LONDON (Reuters) – Ratings agency Fitch on Friday stuck with its negative outlook for Britain’s sovereign credit rating, citing a weak economy and lingering uncertainty around Brexit trade[...]
Read more
S&P spares France from rating downgrade
PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the st[...]
Read more
Global shares, US yields rise after strong jobs data, debt-ceiling passage
By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve c[...]
Read more
Dollar jumps after surprise boost in May payrolls
(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday[...]
Read more
Oil up over 2% after US debt deal and jobs data; focus turns to OPEC+
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s biggest oil consumer a[...]
Read more
Outsized US job gains may mask signs of weakness
By Howard Schneider WASHINGTON (Reuters) – The gain of 339,000 U.S. payroll jobs in May was a blockbuster number, nearly double what was normal before the pandemic and seeming confirmation that[...]
Read more