Australia's gross domestic product for the first quarter is expected to be out at 9:30 a.m. HK/SIN. Investors monitored shares of Toyota and Honda following reports that the automakers have temporarily suspended production in Malaysia due to the country's lockdown. SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade, ahead of the release of Australia's gross domestic product […]

FILE PHOTO: U.S. President Joe Biden speaks next to U.S. Vice President Kamala Harris before signing the COVID-19 Hate Crimes Act into law, in the East Room at the White House in Washington, U.S., May 20, 2021. REUTERS/Kevin LamarqueWASHINGTON (Reuters) – President Joe Biden on Tuesday announced Vice President Kamala Harris will lead the administration’s efforts on voting rights as […]

WASHINGTON (Reuters) – The United States is making progress towards the Fed’s maximum employment and 2% inflation goals, but the depth of the remaining problem still requires the central bank not jump the gun in starting to tighten monetary policy, Fed Governor Lael Brainard said on Tuesday.FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy […]

Check out the companies making headlines in midday trading. Devon Energy and Marathon Oil — Shares of Devon Energy and Marathon Oil jumped more than 12% each on the back of rising oil prices. West Texas Intermediate crude futures, the U.S. oil benchmark, rose to its highest level in more than two years on Tuesday, lifting the energy sector broadly. […]

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann SaphirSAN FRANCISCO (Reuters) – U.S. labor market signals are conflicting to an “unprecedented” degree, but those suggesting labor market slack should be given more weight than those pointing to tightness, according a paper published Monday by […]

WASHINGTON (Reuters) -U.S. stocks rose on Tuesday as global equities markets again hit a record high and oil rose, showing investors have grown more confident about rising inflation while betting that imminent U.S. data will cast light on the state of the economic recovery.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, […]

Here’s a quick look at a couple of earnings reports that were released before Tuesday’s opening bell. Markets were closed Monday for the Memorial Day holiday. With about a month left in the current earnings season, the number of reports issued every day has dropped from a few hundred to a few dozen. After markets close Tuesday, we are expecting […]

OSLO (Reuters) -Ford Motor Co’s electric Mustang Mach-E topped Norway’s car sales in May, the first full month of registrations for the crossover vehicle in the small but influential Nordic market, national data showed on Tuesday.FILE PHOTO: An electric Mustang Mach-E car is displayed during its launch in Oslo, Norway November 18, 2019. Picture taken November 18, 2019. REUTERS/Lefteris KaragiannopoulosBattery […]

Sweden’s central bank governor has said regulation of bitcoin and crypto is likely. He pointed to its growing popularity and concerns that it’s used in crime, Bloomberg reported. Stefan Ingves is the latest in a long line of central bankers to hint at tougher regulation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies such […]