Shares bounce, US yield curve inverts after strong jobs data

US stocks drop, Treasury yield curve inverts US employers added 431,000 jobs in March US jobless rate at 3.6% Euro zone inflation 7.5% in March Oil heading for 13% fall this week NEW YORK, April 1 (Reuters) – Government bond yields resumed their upward climb on Friday as a key part of the US Treasury … Read more

Wall St edges up as payrolls report keeps Fed on track

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Unemployment drops to 3.6% vs estimate of 3.7% Nonfarm payrolls rose by 431,000 jobs last month GameStop seeks share split amid renewed meme-stock hype … Read more

Stocks rally fizzles, bond markets ponder risks for US economy

Euro STOXX 600 drops 0.6% US bond market signals economic pain ahead Treasury 10-year yields lower Ukraine-Russia negotiations earlier buoyed stocks wall street down NEW YORK, March 30 (Reuters) – The US and European equities rally wavered on Wednesday as investors reviewed economic and geopolitical risks, while oil prices jumped over $2 on the prospect … Read more

Tesla adds to wave of megacap stock splits

A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register March 28 (Reuters) – Tesla’s (TSLA.O) announcement on Monday that it will seek shareholder … Read more

S&P 500 climbs for third straight day as Tesla leads

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Tesla rises on stock-split plans Oil prices tumble on concerns of weaker Chinese demand HP to buy Poly NEW YORK, March 28 (Reuters) – … Read more

Tesla to seek shareholder approval for stock split

March 28 (Reuters) – Tesla Inc (TSLA.O) will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 %. The proposal has been approved by its board and the shareholders will vote on … Read more

Wall Street powers stocks higher, oil lower as world leaders press Russia

US equities jump, with tech-led Nasdaq up nearly 2% Oil drops around 3%, still above $110 a barrel US Treasury yields inch up further Gold up more than 1% March 24 (Reuters) – US stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched Western leaders present a unified … Read more

Inflation surge, war cloud Fed’s interest rate trajectory

Federal Reserve Chair Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 15 (Reuters) – New economic projections from the Federal Reserve this week will … Read more

Debt deadline and central bank hikes loom in Russia

A man walks out of a currency exchange office in Saint Petersburg, Russia January 26, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, March 11 (Reuters) – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency … Read more

Households squeezed as US consumer prices accelerate; more pain coming

Consumer price index increases 0.8% in February Gasoline accounts for nearly a third of rise in CPI CPI jumps 7.9% year-on-year; costs of food, rent surge Core CPI rises 0.5%; increases 6.4% year-on-year WASHINGTON, March 10 (Reuters) – US consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and … Read more