Federal Reserve

Morning Bid: Yuan, euro and pound head down the Hole

Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two years against China's…

3 years ago

Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill

Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill…

3 years ago

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Factories across Asia and Europe struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed…

3 years ago

Oil prices slip ahead of U.S. inventory data

Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation…

3 years ago

Bank data shows U.S. consumer financial health holds up amid rising inflation

Americans' financial health held up well in the second quarter even as inflation sent gas and grocery bills higher and…

3 years ago

Bank of America posts drop in quarterly profit as dealmaking slumps

Bank of America Corp (BAC.N) posted a nearly 34% drop in second-quarter profit on Monday, hit by a slump in investment banking…

3 years ago

Analysis: Macro gamblers grapple with immovable Bank of Japan

Investors betting that Japan will have to quit its ultra-loose monetary policy are running into riskier and pricier territory as…

3 years ago

Stocks make recovery bid, hemmed in by weakening world economy

World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn,…

3 years ago

Stocks fall, dollar gains as U.S. inflation prompts 100 bps hike bets

European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation…

3 years ago

Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump

A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt…

3 years ago