Asian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of 160 yen for the first time in decades. Oil prices ticked down on expectations that higher-for-longer U.S. interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints. The dollar touched a high of 160.245 yen - its strongest level in 34 years - in a sudden but brief...
The WXII 12 First Warning Weather Team is tracking a developing storm
NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell reiterated Wednesday that political considerations around the looming presidential election will not affect the central bank's interest rate decisions.When it comes to the election, “we’re at peace with it, we know that we’ll do what we think is the right thing," Powell said at his press conference following the latest Federal Open Market Committee meeting. He added there's no evidence from Fed meeting transcripts that officials have...
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
Australian and Japanese markets fell Wednesday as investors brace for the
The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up 6% higher in the wake of the post-earnings-close announcement. Yes, the decline in sales — at 4% — was better than some had feared. And […]
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
BAGHDAD (AP) — Turkish President Recep Tayyip Erdogan was set to make his first official visit to Iraq in more than a decade on Monday as his country seeks greater cooperation from Baghdad in its fight against a Kurdish militant group that has a foothold in northern Iraq. Other issues also loom large between the []
Turkish President Recep Tayyip Erdogan is set to make his first official visit to Iraq in more than a decade
Light trading volumes are expected in Europe Wednesday with only London's FTSE index open due to the May Day/Labour Day public holiday in the region.
Turkish President Recep Tayyip Erdogan arrived in Iraq on Monday for his first official visit in more than a decade as Ankara seeks greater cooperation from Baghdad in its fight against a Kurdish militant group that has a foothold in Iraq.
Millions of Brits hoping for a lovely start to their week will be disappointed with showers predicted to fall across the UK