By Lucy Craymer WELLINGTON – When Aarti and Gaurav Kathuria were saving for their first home, a three-bedroom townhouse in Auckland, they cut back on eating out and other expenses…
By Howard Schneider AMELIA ISLAND, Fla. – If the Federal Reserve sells any of its holdings of mortgage backed securities it may have to do so at a loss, Cleveland…
By David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve’s plan to continue hiking…
By Howard Schneider WASHINGTON – Federal Reserve Chair Jerome Powell this week laid out a hoped-for evolution of the U.S. job market that included a rising labor participation rate that…
By Francesco Guarascio BRUSSELS – Europe is increasingly becoming a hub for production and trans-shipment of cocaine to other regions of the world, in addition to being a major consumption…
By Stephanie Kelly NEW YORK – U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad…
NEW YORK – Star stock picker Cathie Wood’s ARK Innovation fund dropped nearly 9% on Thursday as concerns about rising inflation and slowing growth sent the benchmark S&P 500 down…
(Reuters) – Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates. The…
By Pamela Barbaglia LONDON – JPMorgan has elevated two senior bankers in its financial institutions group (FIG) to global co-heads of market infrastructure as it seeks to bolster its sprawling…
LONDON – BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double,…
BOSTON – A Boston man was sentenced today in federal court in Boston for the armed robbery of a grocery store in Boston’s North End. Dante Mirabella, 56, was sentenced…
SHANGHAI – The Chinese social media accounts of an outspoken Hong Kong-based market strategist were suspended after a series of downbeat commentaries and a slump in mainland equities to two-year…
By Ann Saphir and Lindsay Dunsmuir (Reuters) – In mid-April, months into an increasingly frustrating house hunt, Harsh Grewal and his wife settled on a place in a San Francisco…
By Lewis Krauskopf NEW YORK – Mixed financial results from U.S. megacap companies are dampening an otherwise better-than-expected first-quarter earnings season and so far failing to fuel stock performance in…
BEIJING -Chinese President Xi Jinping said the nation should strengthen its antimonopoly efforts and prevent a disorderly expansion of capital, the official Xinhua news agency reported on Saturday. Xi called…
(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the…
By Howard Schneider (Reuters) – The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts…
By Victoria Klesty OSLO – New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succeed where Norwegian Air spectacularly failed, by betting on…
By Leah Douglas and P.J. Huffstutter WASHINGTON – The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid to woo U.S. wheat producers…
By David Randall NEW YORK – The 40-year bull market in U.S. bonds is dead. Long live the bond bull market. The U.S. Treasuries market began 2022 with one of…
MCKEESPORT, MD (POLICE REPORT) – On Friday, April 22, 2022, at approximately 1:34 PM, the McKeesport Police responded to the intersection of Fifth Avenue and Market Street for a report…
PHILADELPHIA, PA – Two people were shot on Market Street in Philadelphia on Thursday and now police are seeking the public’s assistance to identify the subject. “The Shooting Investigation Group…
SHANGHAI – Chinese regulators have urged underwriters to price initial public offerings more reasonably after a third of more than 100 new listings so far this year fell on their…
BELLMAWR, NJ – Curaleaf Holdings, a Massachusetts-based legal weed dealer, says its Bellmawr pot store is just the beginning. The company is now planning to open weed dispensaries in Edgewater…
By Makiko Yamazaki and Yuki Nitta TOKYO – When Japan’s biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, one of the largest leveraged…