U.S. stocks ended down Friday without derailing the S&P 500 index and Nasdaq Composite from extending their long weekly win streaks. Investors cheered signs this week that the Federal Reserve’s interest rate hikes have helped to cool inflation, but have yet to drive the U.S. economy into a recession.How stock…

© Reuters. FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo (Reuters) -The U.S. Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs Group (NYSE:)’s role in two deals…

Investing.com– Oil prices crept lower on Wednesday after a strong rally in the prior session as markets hunkered down ahead of a closely-watched Federal Reserve interest rate decision, while industry data pointed to a build in U.S. inventories.  Crude prices settled over 3% higher on Tuesday after the People’s Bank…

By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) -A sharp selloff in slowed on Thursday, when it slipped only 0.8% compared with a 7.2% plunge the day before, as traders said it was nearing more “normal” levels ahead of the expected appointment of a new central bank governor. When the…

By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest rate cuts beginning next year, relief, it would seem, from the ratcheting up of borrowing costs that has been underway since the spring of 2022 and left consumers and businesses…

Viu, the video streaming unit of Hong Kong billionaire Richard Li’s PCCW, is selling a 26.1% stake for up to $300 million to Canal+, the pay-TV group controlled by French billionaire Vincent Bolloré’s media conglomerate Vivendi. Canal+ has made an initial payment of $200 million for the stake, the two…

BEIJING – European businesses in China are finding it harder to operate in the country, even after it has re-opened from Covid, the EU Chamber of Commerce in China found in its latest member survey, released Wednesday.Mainland China ended its stringent Covid controls in December, and authorities pledged to support…

Asia-Pacific markets largely fell on Wednesday, tracking Wall Street stock moves as two major Chinese indexes lost ground amid declines in tech and other sectors.Mainland Chinese markets were all weaker, with the Shenzhen Component down 2.18% and ending the day at 11,058.63, dragged by education and tech stocks and leading losses…

UK inflation stayed stuck at 8.7% in May as prices for recreation and cultural activities rose at a faster pace than the previous month. The data released by the Office for National Statistics Wednesday defied forecasts for a slowdown in overall inflation to 8.4% compared with a year ago. Although…

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