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Tuesday has the potential to bring investors something they haven’t seen in almost three years: A U.S. inflation rate based on the consumer-price index that looks more like 2%. In the run-up to January’s CPI data, stocks finished near a record close, with the S&P 500 index SPX ending above…
Bitcoin and other cryptocurrencies continued their rally on Friday as digital assets neared peaks reached last month. Crypto bulls are looking for Bitcoin to finish the week above a key level, which, if accomplished, could pave the way for more gains. The price of Bitcoin has jumped 4% over the…
I’m getting an annual bonus. I’m not sure about the best use for it. After I pay off my small credit-card balances, I will have roughly $10,000 left. My emergency fund is about half funded in a high-yield online savings account, providing me with three months of expenses. I have…
The biggest question going into the Federal Reserve’s policy meeting next week is what sort of smoke signals Fed Chair Jerome Powell will send about the possibility of an interest rate cut at the central bank’s next meeting in March.Fed officials are not expected to make any changes to rates…
© Reuters. FILE PHOTO: Swiss Finance Minister Ueli Maurer attends a news conference in Vienna, Austria, August 25, 2020. REUTERS/Leonhard Foeger/File Photo ZURICH (Reuters) – A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, defending his…
By Peter Hobson CANBERRA (Reuters) -A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slid from a fresh three-month high against a major currency basket on Wednesday, as investors consolidated gains following the previous session’s hotter-than-expected U.S. inflation report. The inflation data for January pushed back bets on a first Federal Reserve rate cut to the…
By Carolina Mandl, Amruta Khandekar and Ankika Biswas (Reuters) -U.S. stocks fell on Friday with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve. A Labor Department report showed producer prices increased more than expected in…
SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China’s homegrown offering.It comes as Boeing reported a decline in aircraft orders and deliveries in January in the aftermath of a midflight blowout of…
Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together?That’s the question hanging on the shoulders of EU officials as they promise to spend more on defense amid Russia’s onslaught in Ukraine.This debate is not new — and it is historically complex.For…