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Oil prices slide on China fears; Twitter rises on Musk deal
European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China's sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
Asian stocks fell the most in two weeks on Monday as concern about rapid U.S.
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Those who use the drug should immediately consult their health care provider.
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Oil slumped over 5% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S.
Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S.
The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China.
The U.S. dollar climbed to a two-year high versus its rivals on Monday and was on track for its single biggest daily gain in more than six weeks as a wave of risk aversion swept through global markets, boosting the greenback's safe haven appeal.
The dollar climbed on Monday as investors sought safety due to uncertainties over the global growth outlook, gaining ground even on the euro despite French President Emmanuel Macron's comfortable election victory over far-right rival Marine Le Pen.
Asda and Morrisons said on Monday that they would cut the prices of essential items, ratcheting-up competition in Britain's food retail sector against a backdrop of soaring inflation and slumping consumer confidence.
India could benefit more than China from the next phase of globalization.
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The euro failed to gain a boost from pro-EU centrist Emmanuel Macron re-election as France's president, and European share futures fell, as investors' fears about global growth outweighed their relief about far-right candidate Marine Le Pen's defeat.
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Alvaro Bedoya will be confirmed to the U.S. Federal Trade Commission this week, Senate Majority Leader Chuck Schumer said on Sunday, giving the agency enough votes to investigate oil companies Democrats say are "gouging" consumers with high gasoline prices.
Following is market reaction to French President Emmanuel Macron's victory over rival Marine Le Pen in Sunday's election.
Following is market reaction to French President Emmanuel Macron's victory over rival Marine Le Pen by a comfortable margin, according to exit polls, in Sunday's election.
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European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise interest rates as soon as July but certainly no later than September, nine sources familiar with ECB thinking told Reuters.
European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise interest rates as soon as July but certainly no later than September, nine sources familiar with ECB thinking told Reuters.
Battered U.S. stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor unease.
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Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident.
Egypt gig economy workers face rough ride
