By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 rose on Friday, with financial shares gaining as the benchmark Treasury yield jumped to its highest in nearly three years and offset declines in tech and other big growth names. The Dow was also higher, while the Nasdaq was down on the day. The S&P…
By Lawrence Delevingne (Reuters) -Shares on Wall Street took a breather on Friday after a tech-driven rally and U.S. Treasury yields rose to fresh heights as markets evaluated a world of elevated interest rates and effects of Russia’s war in Ukraine. The Nasdaq fell about 0.35% as a rally in technology stocks lost steam, while…
SACRAMENTO, Calif. (AP) — California’s economy roared to life in February as employers added a surprising 138,100 new jobs, accounting for more than 20% of all employment gains nationally. “It’s a staggering jump,” said Michael Bernick, a former director of the state Employment Development Department who is now an attorney with the firm Duane Morris….
MILAN (Reuters) – The European Union will not loosen sustainability targets for the aviation industry despite the Ukraine conflict and a surge in fuel prices, the bloc’s top transport official said on Friday. “Although there are new challenges, the old challenges do not go away, and making aviation sustainable is a challenge,” EU Commission Director…
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Friday announced it will hold a wind energy auction for two areas off the coast of North and South Carolina in May as part of its plan to ramp up a nascent clean energy industry. The move is the latest in a broad government effort to…
BRUSSELS (Reuters) – Apple has yet to fully comply with an order to open its App Store to rival forms of payment for dating apps in the Netherlands and faces another fine next week unless it tweaks its proposal, Dutch antitrust watchdog ACM said on Friday. ACM has to date slapped weekly 5 million euro…
(Reuters) -The rouble extended recovery gains on Friday, hitting its strongest since early March against the dollar, while stocks fell in their second day of trading after a near month-long suspension, with losses led by flag carrier Aeroflot. The Russian market is gradually reopening and returning to normal after a suspension caused by sweeping Western…
BRUSSELS (AP) — With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again, especially apparent when President Joe Biden offered a major expansion of natural gas shipments to his European Union counterpart Friday. Talking to European Commission President Ursula von der Leyen, Biden said the…
WASHINGTON (Reuters) – China is likely to offer some support to Russia’s economy amid Moscow’s invasion of Ukraine, but will engage in a “dance” to maintain economic ties with Europe and the United States, a senior White House official said on Friday. The United States has warned of significant consequences if Beijing offers material support…
By Lawrence Delevingne and Saikat Chatterjee BOSTON/LONDON (Reuters) -Shares on Wall Street steadied on Friday after a tech-driven rally and U.S. Treasury yields rose as markets evaluated the possibility of bigger U.S. interest rates in store and the impact of Russia’s war in Ukraine. The Dow Jones Industrial Average, S&P 500 were both up around…
