Market

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 …