Oil settles below $90 as recession fears grow

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 7 (Reuters) – Oil prices slumped on Wednesday, falling below levels seen before Russia invaded Ukraine as downbeat Chinese trade data fueled investor worries about recession … Read more

Wall Street rebounds on lower yields, focuses on Fed path

Join now for FREE unlimited access to Reuters.com Register Energy stocks follow the fall in oil The Fed’s Beige Book indicates that price pressures are still lingering Fed Chairman Powell will speak on Thursday Sept 7 (Reuters) – U.S. stock indices climbed on Wednesday after a recent selloff as bond yields eased, as investors await … Read more

Wall Street ends its busy post-summer session in the red

Join now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond shares sink after death of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – Wall Street’s major indexes closed … Read more

Asian stocks stagnate as investors await more rate action

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 6 (Reuters) – Asian stocks largely wiped out early morning gains on Tuesday afternoon as investors remained cautious … Read more

US authorities order Nvidia to suspend sales of top AI chips to China

Join now for FREE unlimited access to Reuters.com Register September 1 (Reuters) – Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told him to stop exporting two leading computer chips for artificial intelligence work to China, a move that could cripple the ability of Chinese companies to do advanced work like reconnaissance … Read more

Solomon Islands to ban navy vessels from ports until new process is in place

Solomon Islands Prime Minister Manasseh Sogavare addresses the 76th session of the United Nations General Assembly remotely via pre-recorded video in New York, U.S., September 25, 2021. REUTERS/Eduardo Munoz/Pool Join now for FREE unlimited access to Reuters.com Register SYDNEY, Aug 30 (Reuters) – The Solomon Islands has suspended the entry of foreign navy vessels into … Read more

Populous Chinese cities including Shenzhen speed up COVID restrictions

BEIJING, Aug 30 (Reuters) – Several major Chinese cities stepped up COVID-19 restrictions on Tuesday, with Shenzhen closing more businesses and Dalian locking down millions, renewing economic uncertainty and delaying the start of the school year for some. The new measures, which are expected to last only a few days for now, reflect China’s insistence … Read more

Dollar hits 20-year high as markets seek higher rates for longer

US dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register LONDON, Aug 29 (Reuters) – The U.S. dollar hit a 20-year high against other major currencies on Monday after Federal Reserve Chairman Jerome Powell announced interest rates would be kept lower. long … Read more

EXCLUSIVE US warships making Taiwan Strait crossing, first since Pelosi’s visit – officials

The flags of Taiwan and the United States are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 27 (Reuters) – Two U.S. Navy warships are navigating international waters in the Taiwan Strait, three U.S. officials told Reuters, the first … Read more

Wall Street ends well as Powell speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register Fed will continue to tighten until inflation is under control – Powell Core PCE rises 0.1% in July compared to a rise of 0.6% … Read more