Dollar rides high on rate hike bets ahead of payrolls report
The dollar is set to notch broad weekly gains and could extend its rally if U.S. labour data due on Friday reinforces the case for early Federal Reserve interest rate hikes.
Corporate law’s partisan gulf widened in 2020, analysis finds
Lawyers and staff at major law firms donated nearly six times more to Democrat Joe Biden than to incumbent Republican president Donald Trump in the 2020 election, according to a new analysis of campaign contributions by University of Iowa law professor Derek Muller.
In a plane crash over Milan, a Romanian billionaire and his family ended up dead
A small private plane crashed into a vacant two-story office building in San Donato Milanese on Sunday, October 3, 2021. Dan Petrescu, 68, a Romanian billionaire, was on board with his wife Regina, 65, their son Dan Stefan, 30, and five other people died. The single-engine Pilatus PC-12, bound for Sardinia, crashed shortly after takeoff […]
Wall Street rises as cyclical stocks rebound after selloff
U.S. stock indexes rose on Friday as shares of companies that benefit from economic restart including energy firms and banks rebounded after a selloff, helping erase some losses triggered by growth worries earlier in the week.
EXCLUSIVE White House to target bank mergers, financial data with competition order
WASHINGTON, July 9 (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection […]
U.S. adds 14 Chinese companies, to economic black list over Xinjiang
WASHINGTON, July 9 (Reuters) – The Biden administration on Friday added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang. The Commerce Department said the companies had been “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass […]
Analysis: U.S. states ending jobless benefits early hit labor market milestone in March
WASHINGTON, July 2 (Reuters) – U.S. states halting federal unemployment benefits early had crossed a key threshold in their economic recovery early this spring, with the number of available jobs exceeding the number of unemployed people, new federal data shows. The data, which estimates job openings and turnover at the state level, showed the ratio […]
Explainer: The regulatory and legal headwinds facing Robinhood
WASHINGTON, July 1 (Reuters) – Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory attention could be a turn off for some potential investors. […]
COVID Delta variant worries bubble to the surface in some asset prices
Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs.
Fed, ECB minutes and all eyes on China inflation
Minutes of the June meetings of the U.S. Fed and the ECB, plus the latest inflation data from China – here’s a rapid tour of next week’s top economic events and themes to be covered by Reuters bureaus.
