ECONOMY & MARKETS

By Laura SanicolaCrude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.

Fed Vice Chair for Supervision Michael Barr said SVB's collapse was a "textbook case of mismanagement," citing the firm's concentrated business model and exceedingly fast growth.

Fighting the Fed is a bad idea on Wall Street. It can be harmful to traders and investors who do just that.

Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve's tightening will ripple through the economy.

The response of U.S. regulators to recent bank stress was strong and fast enough to contain the damage and let Federal Reserve interest rate policy continue to focus on lowering inflation, St.

The Federal Reserve once again raised interest rates by 25 bps during its meeting on Wednesday with FOMC chair Jerome Powell noting that "we no longer expect that ongoing rate increases will be appropriate."

U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months.

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S.

Traders and investors were encouraged by comments made by U.S. Treasury Secretary Janet Yellen, reassuring bankers that regulators are prepared to protect depositors of smaller U.S. banks.

Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks' jobs for them, boosting the case for an end to interest rate hikes soon.

The housing market has been hit hard by Fed rate hikes. Nonresidential construction spending has taken the baton, keeping overall construction spending largely constant.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

U.S. stocks took a dive Wednesday morning, as global investors' fears over the health of the banking industry renewed amid the crash of Swiss bank Credit Suisse

The 16th largest U.S. bank failed last week together with yet another crypto-linked institution.

One particular sector of the job industry is thriving, and that growth doesn't appear likely to slow.

UK economic rebound eases recession fear before budget

The world's fastest-growing economy is on a road-building spree, expanding its already existing network of roads and adding world-class highways into the network.

More and more individuals are considering relocating abroad...

Companies making "runaway profit" should "dedicate at least 20% of the profit to those countries that are most affected like us," Bangladesh's Foreign Minister AK Abdul Momen said.

The comeback of China's economy could be a game changer for the commodities market.

With prices still high and not likely to come down, and interest rates also likely to climb because of inflation, some consumers could soon be pushed to their financial breaking points, experts warn.

U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight against inflation "is not a straight line" and more work is needed.

January's inflation report sent ripples down the stock market Friday, as the key index measured to gauge the economy showed there is still work to be done.

Wall Street's main indexes were set for a slightly higher open on Wednesday, a day after their worst performance of the year, as investors awaited minutes from the Federal Reserve's policy meeting for fresh clues on the trajectory of interest rates.

With inflation once again growing, struggling families are going to continue feeling the pinch at the grocery store and the gas station, as well as in several other areas of their lives—with no long-term relief seemingly in sight.

Two Federal Reserve officials on Friday added to a chorus of U.S. central bankers this week in signaling that interest rates will need to go higher in order to successfully quash inflation, although one guarded against inferring too much from recent unexpectedly-strong economic data.

Inflation rose ever so slightly to begin 2023, the latest indicator that high prices for housing and energy remain a ways away from dissipating.

The U.S. economy is still growing. Americans find it easy to get jobs. The unemployment rate hovers at a 50-year low. Yet, half of Americans feel worse rather than better off.