On Tuesday, Markit's November flash purchasing managers' index is due out at 9:45 a.m. ET. Auctions are scheduled to be held on Tuesday for $40 billion of 35-day bills, $59 billion of 7-year notes and $24 billion of 2-year floating-rate notes. U.S. Treasury yields fell on Tuesday morning, as investors continued to digest the news that Jerome Powell had been […]

New York (CNN Business)Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing barrels from the US Strategic Petroleum Reserve but by banning US oil exports, according to a letter viewed by CNN. The letter sent Monday to Biden adds to the pressure the White House is facing even from its […]

New York (CNN Business)Shares of upstart electric truck maker Rivian plunged as much as 17% on Monday after the company said that it is no longer working with Ford to jointly develop vehicles. Both Ford and Rivian had already signaled they were moving away from earlier plans to work together on EVs. But the news, first reported late Friday by […]

In the noon hour Monday, the Dow Jones industrials and the S&P 500 held on to modest gains, while the Nasdaq had turned negative after posting a new intraday high. President Biden’s nomination of Fed Chair Jerome Powell for a second term raised yields on 10-year Treasuries by about five basis points, a development that reflects the bond market’s sigh […]

Corporate regulator Joe Longo has urged consumers to show a high degree of caution towards the cryptocurrency craze, urging people to be careful about putting their savings into an unregulated asset class that many do not fully understand. Mr Longo, chairman of the Australian Securities and Investments Commission (ASIC), on Monday said the “phenomenal” cryptocurrency boom had become too big […]

Other laggards included Bajaj Finance, Bajaj Finserv, NTPC, SBI and Titan Equity benchmark Sensex plummeted 1,170 points on Monday, dragged by losses in Reliance Industries, Bajaj Finance and Kotak Bank. The 30-share BSE index ended 1,170.12 points or 1.96% lower at 58,465.89. Similarly, the NSE Nifty fell 348.25 points or 1.96% to 17,416.55. Among top losers, Reliance Industries (RIL) sank […]

THE HAGUE (Reuters) -Two people were being treated in hospital in the Dutch city of Rotterdam on Saturday after they were seriously injured when police fired shots during a violent protest against COVID-19 measures, authorities said. Crowds of several hundred rioters torched cars here, set off fireworks and threw rocks at police during the protests on Friday evening. Police responded […]

SINGAPORE (Reuters) – The first known COVID-19 case was a market vendor in the Chinese city of Wuhan, not an accountant who appeared to have no link to the market but whose case contributed to speculation the virus could have leaked from a lab, a U.S. researcher wrote in a commentary piece published on Thursday. The origin of the SARS-CoV-2 […]