Fed’s Powell Says Policy Pivot On Track Despite ‘uncertain’ Impact Of Ukraine War
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will move forward with plans to raise interest rates…
March 2, 2022
Analysis-Crypto Exchanges Won’t Bar Russians, Raising Fears Of Sanctions Backdoor
By Tom Wilson LONDON (Reuters) – Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks…
Analysis-Ukraine War Raises Spectre Of Russia’s First External Debt Default
By Karin Strohecker LONDON (Reuters) – With much of Moscow’s $640 billion reserves under lock and key in the West…
Oil Spikes As Russian Supply Disruptions Increase Amid Sanctions
By Noah Browning LONDON (Reuters) -Oil prices surged on Wednesday as supply disruptions mounted following sanctions on Russian banks amid…
Powell expects a quarter-point Fed rate hike this month
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark…
Citigroup Sets New Profitability Targets In Bid To Win Over Investors
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc set new profitability targets on Wednesday at its…
Nordstrom Shares Surge 32% As Shoppers Return To Rack Stores
(Reuters) – Shares of Nordstrom Inc soared more than 32% on a faster-than-expected recovery at the company’s off-price Rack outlets…
Futures Make Tentative Gains Ahead Of Powell Testimony
By Devik Jain (Reuters) – U.S. stock index futures notched cautious gains on Wednesday, ahead of Federal Reserve Chair Jerome…
Ford’s fork in the road: EV, internal combustion are split
Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new…
Oil Spikes As Russian Supply Concerns Increase Amid Sanctions
By Noah Browning LONDON (Reuters) – Oil prices surged on Wednesday as supply disruption fears mounted following hefty sanctions on…