Bond sell-off worst since 1949, Bank of America says

Bond sell-off worst since 1949, Bank of America says

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, US, January 30, 2019. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted … Read more

Fed’s Powell: US housing market headed for ‘correction’

Fed’s Powell: US housing market headed for ‘correction’

US Federal Reserve Board Chairman Jerome Powell attends a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, September 21, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the … Read more

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Russian President Vladimir Putin delivers a speech during an event marking the 100th foundation anniversary of the republics of Adygea, Kabardino-Balkaria and Karachay-Cherkessia in Moscow, Russia, September 20, 2022. Sputnik/Grigory Sysoev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Earlier this year, markets were complacent as Russia … Read more

Wall Street skids to two-month lows as FedEx warning stokes slowdown fears

Wall Street skids to two-month lows as FedEx warning stokes slowdown fears

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, US, October 26, 2020. REUTERS/Mike Segar/File Photo Register now for FREE unlimited access to Reuters.com Register FedEx warning sends shudders across the sector All the three major indexes set for sharp weekly losses … Read more

Stocks weak, dollar hot as rate fever strikes bonds

Stocks weak, dollar hot as rate fever strikes bonds

A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly song Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures skid 0.9%, Nikkei … Read more

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Micron tempers forecast as demand weakness deepens Novavax falls 25% after cutting revenue view by half Indexes mixed: Dow flat, S&P off … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss;  operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in US stock prices … Read more

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Fed officials beat inflation drum;  50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the US central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable … Read more

Nowhere to live: Rents in Canada surge as home prices fall

Nowhere to live: Rents in Canada surge as home prices fall

OTTAWA, July 22 (Reuters) – Canadian home prices are dropping fast after surging during the coronavirus pandemic, but that is offering little relief for consumers who face sky-rocketing rents and fading buying power as interest rates rise. Desperate would-be buyers found themselves caught in a frenzy of bidding wars for real estate during the pandemic, … Read more

Ukraine devalues ​​hryvnia currency by 25% against US dollar

Ukraine devalues ​​hryvnia currency by 25% against US dollar

Ukrainian 500 hryvnia banknotes and a US 100 dollar banknote are seen in this picture illustration taken in kyiv, Ukraine, October 31, 2016. REUTERS/Valentyn Ogirenko/Illustration Register now for FREE unlimited access to Reuters.com Register KYIV, July 21 (Reuters) – Ukraine’s central bank devalued the hryvnia currency by 25% against the US dollar on Thursday to … Read more