Stocks jump, dollar and yields drop after US jobs market softens
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes rose sharply, the U.S. dollar dropped to a six-week low and benchmark 10-year U.S.
Elliott Management sues US SEC for records on swaps rules
By Svea Herbst-Bayliss and Jonathan Stempel (Reuters) – Elliott Investment Management, one of the world’s biggest hedge fund firms, on Friday sued the U.S.
Bank of Canada voices concerns about variable rate mortgage products -Bloomberg News
(Reuters) -The Bank of Canada has urged banks to reconsider offering variable rate mortgages with fixed payments, concerned about the number of borrowers faced
Stock investors see green light in falling Treasury yields
By David Randall NEW YORK (Reuters) -Hopes that a rout in Treasuries has run its course are tempting some investors back into the U.S.
‘Fraudsters, hucksters and scam artists’: Gensler defends SEC track record on crypto in wake of FTX scandal.
As disgraced FTX founder Sam Bankman-Fried awaits sentencing for orchestrating one of the largest financial frauds in U.S. history, Securities and Exchange Commission Chairman
Fed’s Bostic sees inflation falling back down to 2% target in the second half of next year
Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central bank’s 2% target in
US Treasury yields fall on slower pace of auction increases for long-dated debt
By Karen Brettell (Reuters) – The U.S. Treasury Department on Wednesday said it will slow the pace of increases in its longer-dated debt auctions
World Bank aids South Africa’s energy transition with $1bn loan
South Africa is set to receive a $1 billion Development Policy Loan (DPL) from the World Bank, aimed at reducing the country’s coal reliance
Inflation could still derail stock-market rally built on Fed-is-done trade
U.S. inflation may be on a path in which it won’t budge much through next March, adding a new wrinkle to the market narrative
Fed chair’s reluctance for rate hike boost softens USD, spurs equities rally
The market dynamics on Wednesday were significantly influenced by softer economic data, reduced Treasury borrowing than initially feared, and Federal Reserve Chair Powell’s hesitation
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