Growth stocks drag Nasdaq lower, energy shares bounce

Growth stocks drag Nasdaq lower, energy shares bounce

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register S&P 500 energy stocks among few gainers Robinhood rises on Goldman Sachs upgrade Dow flat, S&P up 0.25%, Nasdaq down 0.34% June 27 … Read more

Banking body urges decisive wave of global rate hikes to stem inflation

Banking body urges decisive wave of global rate hikes to stem inflation

Plastic letters arranged to read “Inflation” are placed on US Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised … Read more

US new home sales rebound in May; consumer sentiment at record low

US new home sales rebound in May;  consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebounded 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

Wall Street puts floor under stocks, crude steadies

Wall Street puts floor under stocks, crude steadies

US stock index futures turn higher Crude oil recoups losses US Treasury yields remain weaker Fed’s Powell to give second day testimony Copper hits 16-month low as cyclicals hit LONDON, June 23 (Reuters) – Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on … Read more

UK inflation hits 40-year record, highest in G7

UK inflation hits 40-year record, highest in G7

Inflation hits 9.1%, highest since March 1982 UK has highest inflation rate out of G7 Food price inflation hits highest since 2009 Inflation to top 11% later this year, BoE predicts LONDON, June 22 (Reuters) – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate … Read more

Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the US dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – … Read more

Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

Stock markets jolted by Musk's economy and jobs warning

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … Read more

Crypto industry fears contagion as bitcoin slips under $20,000

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above … Read more