The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation.
The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation.
A California law requiring grocery stores and restaurants to donate leftover food has been hard for local food banks and small towns to implement due to climbing fuel costs and uncertainty over who pays for food recovery.
Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and trading, and funds set aside for loan losses being released.
Gold prices traded in a narrow range on Friday caught between expectations of aggressive U.S.
Palladium rose 11% on Friday on renewed supply concerns after trading in the metal from Russian refineries was suspended in London over Moscow's invasion of Ukraine.
Sri Lanka's finance minister on Friday said that the crisis-hit country must urgently restructure its debt and seek external help, while the main opposition threatened a no-confidence motion and business leaders warned that exports could plummet.
Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.
New Zealand's central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to raise by slightly more this year as a whole than previously thought to head off rapidly-rising inflation, a Reuters poll of economists found.
Pretending it did not happen probably does not help much.
The Bank of Japan's rare reappointment of a veteran technocrat behind the country's massive monetary stimulus positions the bank for an eventual exit from governor Haruhiko Kuroda's radical policies when his term ends next year.
The Bank of Japan's rare reappointment of a veteran technocrat behind the country's massive monetary stimulus positions the bank for an eventual exit from governor Haruhiko Kuroda's radical policies when his term ends next year.
The Reserve Bank of India kept its key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the wake of the Russia-Ukraine war.
The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept its key lending rate at a record low, as its priorities shifted to fighting surging inflation in the wake of the Russia-Ukraine war.
Gold prices remained trapped in a tight range on Friday as the dollar firmed on prospects of aggressive interest rate hikes by the U.S.
European shares rebounded on Friday but world stocks were still on track for their first weekly loss in four as the prospect of aggressive global rate hikes and geopolitical risks rattled investors.
European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S.
The U.S. Treasury 10-year yield hit a three-year high above 2.7% on Friday while the U.S.
Oil prices rose on Friday but were set to drop around 3% for the week as consuming countries' planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia because of western sanctions.
Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks.
The dollar extended a squeeze higher on Friday, reaching a new near two-year peak against a basket of peers and a one-month high versus the euro, supported by the prospect of a more aggressive pace of Federal Reserve interest rates hikes.
The dollar extended a relentless upward move on Friday, reaching a new near two-year peak against a basket of peers and a one-month high versus the euro, supported by the prospect of a more aggressive pace of Federal Reserve interest rates hikes.
The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes.
The U.S. dollar index on Friday advanced to 100 for the first time in nearly two years, boosted by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation.
The U.S. dollar index on Friday posted its largest weekly percentage gain in a month, supported by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation.
Japan's current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid a deterioration in economic fundamentals.
The Biden administration is not doing enough to forge a long-term alliance with Brazil, Myron Brilliant, the U.S.
The United States is ramping up sanctions against Russia to deprive Moscow's "war machine" of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S.
Pakistan's central bank raised its policy rate by 250 basis points to 12.25% in an emergency meeting on Thursday, the bank said in a statement, the biggest hike in years.
The Fed is behind in its fight against inflation and needs to raise the federal funds rate another 3 percentage points by year's end, St.
