Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Wall St.  Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more

World stock markets rally, treasury yields fall on inflation data

World stock markets rally, treasury yields fall on inflation data

US consumer spending increases, rise in inflation slows Wall Street rallies, snaps weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark US Treasuries fell after data showed that US consumer spending rose in April and … Read more

Get your crypto house in order, old guard tells Davos debutantes

Get your crypto house in order, old guard tells Davos debutantes

Souvenir tokens representing cryptocurrency Bitcoin plunged into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register DAVOS, Switzerland, May 26 (Reuters) – Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their … Read more

Alibaba waives 2022 guidance citing COVID-19 risks as revenue growth slows

Alibaba waives 2022 guidance citing COVID-19 risks as revenue growth slows

The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com register May 26 (Reuters) – Alibaba Group (9988.HK), on Thursday said it would not give a forecast for the current fiscal year due to COVID-19 risks as it reported … Read more

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears

Snap Inc tumbles, profit fears hit rival social media cos Abercrombie & Fitch slumps after lowering revenue outlook Indexes: Dow up 0.15%, S&P down 0.81%, Nasdaq slides 2.35% NEW YORK, May 24 (Reuters) – The S&P 500 and the Nasdaq finished in the red on Tuesday the worries that aggressive moves to curb decades-high inflation … Read more

Record high US house prices, rising mortgages depression new home sales

Record high US house prices, rising mortgages depression new home sales

A home under construction stands behind a “sold” sign in a new development in York County, South Carolina, US, February 29, 2020. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com register New home sales drop 16.6% in April Sales decline in all four regions Median home price surges 19.6% from year ago to … Read more

Stocks slump on growth concerns, bond yields slip

Stocks slump on growth concerns, bond yields slip

Stocks slide on bearish earnings, economic data China talks stimulus, but economic damage already done Euro near 4-week high as Lagarde flags July rate hike NEW YORK/LONDON, May 24 (Reuters) – Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields dipped as … Read more

In a faceoff with Elon Musk, the SEC blinked

In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Bitcoin Bounces To $30.5K As Stock Futures Rise, Markets Brush Off Biden’s Pledge To Defend Taiwan Against China

Bitcoin Bounces To .5K As Stock Futures Rise, Markets Brush Off Biden’s Pledge To Defend Taiwan Against China

President Joe Biden speaks during a news conference with Japanese Prime Minister Fumio Kishida at Akasaka Palace, Monday, May 23, 2022, in Tokyo. (AP Photo/Evan Vucci) ASSOCIATED PRESS Bitcoin traded higher along with stock futures early Monday after US President Joe Biden hinted at revoking trade tariffs on China. The leading cryptocurrency jumped to $30,500 … Read more

Crypto world stabilizes after rocky week shakes stablecoins

Crypto world stabilizes after rocky week shakes stablecoins

Bitcoin hits intraday high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been … Read more