By Stephanie Kelly NEW YORK (Reuters) -Oil prices slumped over 2% on Tuesday on signals that central banks may not be done with interest rate hikes, while industry data showed lower U.S. crude and gas[...]
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June 27, 2023
Biden does not expect a recession, says US economy is ‘strong’
WASHINGTON (Reuters) – President Joe Biden said on Tuesday the United States economy is “strong now” and he does not expect a recession, a day before delivering an economic policy sp[...]
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Brazil’s central bank is causing ‘unnecessary noise,’ minister says
BRASILIA (Reuters) -Brazil’s planning and budget minister, Simone Tebet, said on Tuesday that the country’s central bank is causing “unnecessary noise” by publishing varying co[...]
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Wall Street closes higher as upbeat economic data allays slowdown fears
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imm[...]
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Marketmind: Risk back on as slowdown blues fade
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their[...]
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Google lays off staff at Waze as it merges mapping products – CNBC
(Reuters) -Google-parent Alphabet is cutting jobs at mapping app Waze as it merges the unit with its own map products, CNBC reported on Tuesday, citing an email from the mapping division’s head.[...]
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South Korea consumer sentiment extends gains, inflation expectations flat
SEOUL (Reuters) – Consumer sentiment in South Korea ticked further up in June to the highest in just over a year, while inflation expectations remained unchanged, a central bank survey showed on[...]
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Wall Street ends sharply higher, dollar softens as data points to economic resilience
By Stephen Culp NEW YORK (Reuters) – U.S. stocks advanced in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors’ risk appe[...]
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How risky is it to extend Canadian mortgage amortizations?
By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 ye[...]
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