Wall Street's main indexes were muted on Tuesday as investors awaited key economic data that could decide the U.S.
The easing of inflation comes at a time when higher interest rates have begun to take their toll on the nation's regional banks.
The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB).
The International Monetary Fund (IMF) executive board approved changes to Argentina's reserves accumulation target set in their $44 billion program, as the agriculture powerhouse faces a severe drought seen pummeling both exports and economic growth.
Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.
The International Monetary Fund (IMF) approved Argentina's fourth review under its $44 billion loan program on Friday, unlocking the disbursement of $5.4 billion to the indebted country, the lender said in a short statement.
Wall Street's main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve's policy path.
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.
