By Stephen Culp NEW YORK (Reuters) – The S&P 500 index ended weaker on Monday, partly recovering from a steep late-afternoon sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World shares slid on Monday as U.S. warnings that Russia could invade Ukraine at any time pushed oil prices to fresh seven-year peaks and sent investors scurrying to buy safe-haven government bonds they have mostly shunned this year. Europe’s STOXX 600 share index tumbled as…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices surged on Monday over 2% to their highest in more than seven years as Ukraine’s President said he had heard that Russia could invade the country on Wednesday. Russia is one of the world’s largest oil-and-gas producers, and fears that it could invade Ukraine have driven…
WASHINGTON (AP) — A worsening inflation picture has touched off a range of opinions from the Federal Reserve’s policymakers about just how fast they should raise interest rates beginning at their next meeting in March. James Bullard, president of the Federal Reserve Bank of St. Louis, on Monday reiterated his call for the Fed to…
WASHINGTON (Reuters) – U.S. passenger airlines carried 670.4 million passengers in 2021, up 83% over 2020 levels but still down significantly from pre-pandemic levels, the Transportation Department said on Monday. The department in preliminary data said airlines carried 303.6 million more passengers in 2021 but 245.9 million fewer, or 27%, than in 2019. In 2019,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March policy meeting. St. Louis Fed President James Bullard, a voter on the policy-setting Federal Open Market Committee, told Bloomberg last Thursday that he was…
The Texas Attorney General is suing Facebook parent Meta, saying the company has unlawfully collected biometric data on Texans for commercial purposes, without their informed consent. Attorney General Ken Paxton filed the lawsuit Monday a state district court claiming Meta has been “storing millions of biometric identifiers” — identified as retina or iris scans, voice…
By Jonnelle Marte (Reuters) – The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a role in pushing inflation to its highest level in decades, a new study suggests. An increase in the share of…
By Jonnelle Marte (Reuters) -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released on Monday by the New York Federal Reserve. One-year inflation expectations decreased for the first time since October 2020, dropping to a…
By Luc Cohen NEW YORK (Reuters) -Prosecutors began a U.S. corruption trial on Monday by accusing a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, is charged with conspiring to launder money and…
