(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that could add trillions of dollars to the country’s already high…
“Investors will breathe a sigh of relief,” he said. The Nasdaq composite gained 0.5 percent and set its own all-time high. The Dow Jones Industrial Average rose 1 percent. President Trump’s decision Friday to halt trade talks with Canada threatened to derail Wall Street’s run to a record, but the market steadied. The gains on…
A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled by the president of the United States at the head of the Federal Reserve. The stock market has powered through all of that in the past few months to set a new record Friday and reward investors…
MANILA, Philippines (AP) — Asian shares were mostly higher on Friday after U.S. stocks ran up to the edge of another record. U.S. futures and oil prices also logged slight gains. Investors were watching for further details after President Donald Trump said the U.S. and China had signed a trade deal. Commerce Secretary Howard Lutnick…
Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…
BANGKOK (AP) — Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched to see how Iran will react. The price of oil initially jumped more than 2% but fell back slightly on Monday. U.S. stock futures and most Asian shares declined. The big question is what…
By STAN CHOE AP, Business Writer NEW YORK (AP) — U.S. stocks are drifting higher on Friday in their return to trading following the Juneteenth holiday. The S&P 500 was up 0.4% in early trading and adding to its modest gain for the week. The Dow Jones Industrial Average was up 162 points, or 0.4%, as of…
The stock market often closes on federal holidays, but not all. So some people who trade stocks and bonds may not be aware of which holidays it observes. That’s especially true for Juneteenth being a newer holiday and some states, like New Jersey, celebrating on days other than June 19. If you’re hoping to trade…
NEW YORK (AP) — Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution. “I’m not looking,” says the 66-year-old professor from Huntington Woods, Michigan. As the…
President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers. In fact, economists say, Trump’s ongoing attacks on Fed Chair Jerome Powell and his tariff policies could keep the longer-term interest rates that…