When Florida Gov. Ron DeSantis delivered his initial speech as a declared presidential candidate in Iowa last week, his first 15 minutes succinctly previewed how Republicans might defeat President Joe Biden next year. The next 30 minutes of DeSantis’ speech then demonstrated how Biden might survive despite all the doubts…

Shares of Alphabet Inc. Cl A GOOGL, +1.07% rose 1.07% to $126.01 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.20% falling 0.20% to 4,273.79 and Dow Jones Industrial Average DJIA, -0.59% falling 0.59% to 33,562.86. This…

Fitch Ratings on Friday said a debt-ceiling deal that will avert a first-ever federal default doesn’t guarantee the U.S. government will keep its AAA credit rating. Fitch, in a statement, said the U.S. remained on rating watch negative “as we consider the full implications of the most recent brinkmanship episode…

As the cost of owning a home has skyrocketed over the past few years, some Americans are venting their frustrations by blaming the government for high housing prices. Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey by Mphasis Digital Risk…

Eurozone inflation fell more than expected in May on slowing food and declining energy prices, as underlying pressures also eased, welcome news for the European Central Bank which could be approaching the end of its tightening cycle. The eurozone’s consumer price index increased 6.1% in May on year, tumbling from…

© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes By Kanishka Singh WASHINGTON (Reuters) -Microsoft will pay $20 million to settle U.S. Federal Trade Commission (FTC) charges that the tech company illegally collected personal information from…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. futures settled up 58 cents at $76.71 a barrel,…

By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world’s second-largest economy. Disappointing economic data, widening yield differentials with the United States,…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Reserve Bank of Australia delivers its latest interest rate decision on Tuesday, undoubtedly the centerpiece event for Asian and Pacific markets but potentially of interest to U.S. Fed watchers too. The RBA…

Bank stocks have taken a beating lately, especially those in the regional banking category. The effects of the Fed’s raising of interest rates and the failure of Silicon Valley Bank are rocking the industry. Many names in the sector are trading at much lower valuations than at the beginning of…