Dow leads the way in broad Wall Street rally

NEW YORK (Reuters) – Wall Street surged on Monday, with the Dow set for its strongest session in over three months as investors piled back into energy and other sectors expected to outperform as the economy rebounds from the pandemic.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in […]

Futures rise after Fed-induced rout

FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid(Reuters) – Wall Street futures rose on Monday as financials and energy stocks rebounded after hawkish comments from the Federal Reserve last week led the blue-chip Dow and the benchmark S&P […]

UK financial sector urges caution over any 'work from home' law

LONDON (Reuters) – How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.FILE PHOTO: The City of London financial district is seen with office skyscrapers commonly known as ‘Cheesegrater’, ‘Gherkin’ and ‘Walkie Talkie’ seen in London, […]

Dow, S&P post worst week in months after hawkish Fed spooks investors

(Reuters) – U.S. stocks ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors. The blue-chip Dow and the benchmark S&P 500 started the […]

China's Didi adds banks to work on mega U.S. IPO, sources say

(Corrects spelling of company name in paragraph 1)FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File PhotoHONG KONG (Reuters) – China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its U.S initial public offering […]

Explainer-How will EU ban on 10 banks from bond sales impact markets and banks?

LONDON (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman/File PhotoHere’s what the move means […]

Bonds stung, dollar cheered by sudden hawkish turn at Fed

SYDNEY (Reuters) – Asian markets looked set for a rough ride on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending yields and the dollar sharply higher.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, […]

U.S. fed funds futures raise rate hike chances in early 2023 after Fed statement

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisNEW YORK (Reuters) -Futures on the federal funds rate, which track short-term interest rate expectations, on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least […]

Opinion | We Are Not Fated to Be Fanatics

By Molly Worthen Dr. Worthen is a historian at the University of North Carolina at Chapel Hill who writes frequently about America’s religious culture. President Biden tends to hammer on the theme of national unity, often in theological terms. On Memorial Day, he described the ongoing battle for the “soul of America,” a conflict between […]