New York (CNN Business)Wall Street stumbled Thursday morning with tech stocks selling off, all three major stock indexes opening in the red and the 10-year Treasury bond yield climbing to a new 13-month high. Just a day after Federal Reserve Chairman Jerome Powell appeased the market, all bets are off again. The Dow (INDU) opened 0.1%, or 45 points, lower […]
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(Reuters) – Automakers lifted the German DAX to a record high on Thursday, while broader European stocks inched towards all-time highs after the U.S. Federal Reserve vowed to keep interest rates low despite forecasting a surge in economic growth.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 15, 2021. REUTERS/StaffAn […]
Read more* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr LONDON, March 18 (Reuters) – Euro zone government bond yields rose in early London trading on Thursday, tracking upward moves in U.S. Treasuries, as markets focused on uncertainty about the outlook for inflation. The U.S. Federal Reserve said it expected higher economic growth and inflation in the U.S. this year and repeated […]
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MOSCOW (Reuters) – Russia wants an apology from the United States after President Joe Biden said he thought Vladimir Putin was a killer and may retaliate against Washington unless it gets one, a senior Russian lawmaker said on Thursday.Slideshow ( 2 images )In an ABC News interview broadcast a day earlier, Biden said “I do” when asked if he believed […]
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Slideshow ( 2 images )ZURICH (Reuters) – Credit Suisse Chief Executive Thomas Gottstein earned less than predecessor Tidjane Thiam in his first year in the role, the bank’s annual report showed on Thursday, as the bank was hit in 2020 by a slew of legal and impairment headaches and as bonuses were also impacted by higher anticipated credit losses. Gottstein, […]
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The Reserve Bank is inching towards tighter regulation of buy now, pay later (BNPL) operators such as Afterpay as the popularity of these services surges and larger players enter the sector. After the Commonwealth Bank announced its upcoming foray into the booming BNPL sector this week, the RBA on Thursday provided added detail on the discussions it was having with […]
Read more(Reuters) – Myanmar faced growing isolation on Thursday with increasingly limited internet services and its last private newspaper ceasing publication as the military built its case against ousted elected leader Aung San Suu Kyi.Protesters run during a crackdown of an anti-coup protests at Hlaing Township in Yangon, Myanmar March 17, 2021. Picture taken March 17, 2021. REUTERS/StringerNobel peace laureate Suu […]
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FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian SnyderWASHINGTON (Reuters) – The U.S. Treasury on Wednesday said it has sent 90 million direct payments worth about $242 billion to Americans from President Joe Biden’s $1.9 trillion coronavirus relief package, with more payments to be distributed in coming weeks. Most of the payments […]
Read moreStay in stocks, but be prepared for 10% decline: Expert Joe Duran, head of Goldman Sachs Personal Financial Management, discusses his outlook for the stock market. Olo Inc. shares jumped 28% in their debut trade on the New York Stock Exchange. Shares of the online and mobile ordering platform for restaurants, which trade under the symbol OLO, opened at $32 apiece […]
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