By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting major banks and members of the elite coupled with new export control measures. Washington warned that more action could follow and that all options are on the table. The below are some…
By David Randall NEW YORK (Reuters) – U.S. stocks are drawing buyers after a recent tumble, but some investors believe buying the dip this time may be a far riskier bet than in the past. The benchmark S&P 500 index was recently off around 8.5% year-to-date following a swift rebound from this week’s lows, which…
By Sinéad Carew NEW YORK (Reuters) – Stocks around the world were rebounding on Friday and U.S. Treasuries were out of favor as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not did not block it from a global payments system and left its energy sector largely untouched. Oil prices were…
(Reuters) – U.S chipmaker Nvidia Corp is investigating a potential cyberattack that may have taken parts of its business offline for two days, the Telegraph reported on Friday. Nvidia did not immediately respond to a Reuters request for comment. (Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
By Devik Jain (Reuters) -Wall Street’s main indexes rallied for a second straight session on Friday as investors hunted for bargains at the end of a volatile week sparked by Russia’s invasion of Ukraine, with sentiment also lifted by Moscow’s willingness for talks. Global stocks rebounded, while oil prices fell below $100 a barrel and…
The head of a civil rights nonprofit receiving donations from Bath & Body Works said she hopes the criticism of the company’s Black History Month collection becomes a learning experience. The maker of home and body fragrances caught some heat on social media earlier this month when it unveiled its latest collection featuring some of…
NEW YORK (AP) — Inflation does not discriminate. Just like it’s squeezing everybody’s wallet, it’s hitting almost every investment in a retirement account. Stocks have been shaky this year, with the S&P 500 at one point dropping more than 10% from its record, mostly because of inflation worries. Bond prices have also tumbled. Before gold’s…
By Dagmarah Mackos and Olivier Cherfan (Reuters) – French car parts maker Valeo said on Friday it expected to report lower core profit margin this year amid geopolitical tensions and inflationary pressures, after 2021 margin missed the group’s target. “Overall, Valeo’s H2/21 results were consistent with the Jan 26 pre-announce, but 2022 guidance was well…
(Reuters) -Dubai’s Emirates could cancel an order for Boeing 777X passenger jets if the model’s entry into service slips beyond the end of 2023, the airline’s president was reported saying. “Honestly, if it goes beyond 2023, and it goes on for another year, we probably cancel the program,” Tim Clark told industry publication AirlineRatings. “What…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slipped Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down $2.17, or 2.2%, to $96.91 a barrel at 11:41 EST (1621 GMT), after climbing as high…
