SEOUL (Reuters) – South Korea is pouring resources into its strategy of deterring any North Korean nuclear attack by preparing for preemptive strikes if necessary, a strategy some experts say may exacerbate their arms race and risks miscalculation during a conflict.FILE PHOTO: People watch a television broadcasting a news report on North Korea’s new type of tactical guided weapon test, […]
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The futures are higher Monday as we start the final trading week of July after a bounce-back last week, despite Friday’s sell-off. For the week the S&P 500 rallied 2.5% higher, while the Nasdaq rose 3.3%. The big winner was the Russell 2000, where the small caps gained the most ground with a 3.6% rally last week. Once again a […]
Read morevideo FOX Business Flash top headlines for July 22 Check out what’s clicking on FoxBusiness.com. T-Mobile US has settled litigation over a cyberattack last year that compromised information belonging to an estimated 76.6 million people. The telecom company agreed on Friday to pay $350 million and spend an additional $150 million to upgrade data security. The preliminary settlement filed in […]
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Crude oil prices tumbled on Thursday, extending losses from the previous session, amid concerns about the outlook for energy demand in the near term due to slowing economic growth and rising interest rates. Fresh Covid-related curbs in several areas in China raised concerns about energy demand in the world’s second largest economy. Higher gasoline stockpiles in the U.S. and lower […]
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After moving to the upside early in the session, treasuries came under pressure over the course of the trading day on Wednesday. Bond prices pulled back well off their early highs, ending the day modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by 1.7 basis points at 3.036 percent after […]
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New York (CNN Business)The CEO of one of America’s largest banks is worried inflation will remain problematic for a while longer — and he thinks there’s a growing chance of a recession. Goldman Sachs CEO David Solomon said in an interview with CNN’s Poppy Harlow Wednesday that people need to “prepare for an environment … of higher inflation,” adding that […]
Read morevideo Real estate consultant on housing market: ‘Everything costs more’ Tom Rood, SitusAMC Managing Director, discusses the increased costs of building a home and buying in the current real estate market Mortgage applications decreased last week, the third week in a row, as they now sit at the lowest level since 2000, according to a new survey. On Wednesday, the […]
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TOKYO/HONG KONG (Reuters) – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba Corp at this point, three people with knowledge of the situation said, as the race for what could be the country’s biggest buyout deal this year gathers pace.FILE PHOTO: Toshiba Corp logos are pictured at the company’s annual general meeting with its […]
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Treasuries moved to the downside during trading on Monday but ended the session well off their worst levels of the day. Bond prices regained ground after coming under pressure in morning trading but remained in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3 basis points to 2.960 […]
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