Fed’s Williams: An ‘open question’ whether Fed will need to hike again
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams on Thursday kept his…
Year: 2023
Rivian to benefit next year as EV battery material prices ease – CFO
(Reuters) -Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material…
U.S. mortgage rates fall for a second week but hold above 7%
By Amina Niasse NEW YORK (Reuters) – Key U.S. mortgage interest rates fell for a second week but held above…
Explainer-Do I need to worry about COVID again?
By Deena Beasley and Julie Steenhuysen (Reuters) – New data from scientists and vaccine makers Moderna and Pfizer/BioNTech suggests that…
Wall St slides as economic data stokes inflation and interest rate worries
By Sinéad Carew and Shristi Achar A (Reuters) – Wall Street’s three major averages closed lower on Wednesday with the…
GameStop rides on online pivot, videogame demand to beat estimates
By Akash Sriram (Reuters) -GameStop on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed…
Oil settles up on expectations of U.S. crude draws and tight supply
By Laura Sanicola NEW YORK (Reuters) -Oil prices settled higher on Wednesday, reversing early declines as traders anticipated further draws…
Big Tech’s core businesses face overhaul under EU tech rules
By Supantha Mukherjee and Martin Coulter (Reuters) -The European Union has picked out 22 so-called “gatekeeper” services, run by six…
Stocks decline, Treasury yields jump as investors weigh rate outlook
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes eased and benchmark 10-year Treasury yields rose to their highest…
Wall St slips as Treasury yields rise, oil prices boost energy sector
By Sinéad Carew and Shristi Achar A (Reuters) – Wall Street’s three major averages closed lower on Tuesday with the…