Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO – Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Brent crude futures were down 8…
US equity funds’ weekly outflows surge to a three-month high on tariff concerns
US equity funds’ weekly outflows surge to a three-month high on tariff concerns(Reuters) – U.S. equity funds saw the largest net outflows in three months in the week through March 19 on worries about the impact of U.S. tariff policies…
Anti-Musk protesters gather outside Tesla dealership in Washington
Roughly 100 people waved signs and danced in protest outside a Tesla dealership in Washington on Saturday, angry at the electric vehicle maker’s billionaire CEO Elon Musk, who has led efforts to sharply cut the federal workforce. Cars driving past…
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON-Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs note sent to clients on Thursday. Since…
Cryptocurrency firm founder pleads guilty in US to market manipulation scheme
BOSTON- The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and…
Amazon loses court fight against record $812 million Luxembourg privacy fine
BRUSSELS – Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg’s privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator’s website. The…
US homebuilding, manufacturing surge; tariffs cast pall over recovery
WASHINGTON – U.S. single-family homebuilding rebounded sharply in February amid a thaw in winter weather while production at factories surged, but rising prices for raw materials because of tariffs threaten the nascent housing market and manufacturing recovery. The reports on…
Alphabet to buy Wiz for $32 billion in its biggest deal to boost cloud security
Alphabet said on Tuesday it would buy Wiz for about $32 billion in its biggest deal ever, as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft. The blockbuster deal…
Trump nixes $17.75 minimum wage for federal contractors adopted by Biden
President Donald Trump has rescinded an executive order issued by his Democratic predecessor, Joe Biden, that required businesses that contract with the federal government to pay workers a minimum wage of $17.75 an hour. Trump, a Republican, late on Friday…
US stocks rally as investors weigh economic data, Trump policies
NEW YORK -U.S. stocks gained for a second straight session on Monday as investors sought bargains after the Nasdaq and S&P 500’s four-week tumble and assessed the latest economic data to gauge the impact of the Trump administration’s policies. Retail…
US weekly jobless claims fall amid labor market stability
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability. Initial claims for state unemployment benefits slipped 2,000 to a seasonally…
US inflation and labor market stable ahead of tariff turbulence
WASHINGTON -U.S. producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep interest rates…
Euro surges on Ukraine ceasefire proposal, tariffs squeeze stocks By Tom Westbrook
SINGAPORE – The euro was riding at five-month highs on Wednesday on Ukraine’s readiness to accept a month-long ceasefire, while stocks whipsawed on back-and-forth U.S. tariff plans and concern about a U.S. economic slowdown. European equity futures jumped 0.8% and…