By David Gaffen NEW YORK (Reuters) – Oil prices fell about 2% on Monday, hit by investor concerns over the possibility of quicker than expected interest-rate hikes by the U.S. Federal Reserve that took down risk markets such as equities while the dollar rallied. Wall Street stocks slumped, after last week posting their worst week…
ROME (AP) — A first round of voting in Italy’s Parliament for the country’s next president yielded an avalanche of blank ballots Monday, as lawmakers and special regional electors failed to deliver a winner amid a political stalemate. With special pandemic precautions, balloting began even as party leaders huddled during a flurry of backroom meetings…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market showed little appetite to bet on an end to the continuing stock market sell-off on Monday, as Wall Street’s most followed gauge of equity market fear soared to its highest level in more than a year. The Cboe Volatility – the Wall…
SAN FRANCISCO (AP) — Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful management. The probation, set to expire at midnight Tuesday, was supposed to rehabilitate…
OMAHA, Neb. (AP) — Newspaper publisher Lee Enterprises is asking its shareholders to help it fight off a hostile takeover offer from “vulture hedge fund” Alden Global Capital. The publisher of the St. Louis Post-Dispatch, the Buffalo News and dozens of other newspapers, including nearly every daily newspaper in Nebraska, sent a letter to shareholders…
By Devik Jain and Bansari Mayur Kamdar (Reuters) -U.S. stock indexes plunged on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive monetary policy tightening by the Federal Reserve. A correction is confirmed…
BRUSSELS (AP) — As the United States grapples with the 5G rollout affecting airlines, a European Union watchdog warned on Monday the EU faces much bigger economic and security threats unless member countries step up cooperation. The alarm bells are included in a special report on the 27-nation bloc’s preparations for 5G, the fifth and…
NEW YORK (AP) — Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who’s filled up a car. Energy costs have been one of the main drivers…
By Tom Wilson and Karen Brettell LONDON/NEW YORK (Reuters) – Bitcoin tumbled to its lowest level in six months on Monday as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was last down 5.4% at $34,310 after earlier dropping to $32,951, its lowest price since July…
By Herbert Lash and Sujata Rao NEW YORK/LONDON (Reuters) -The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of…
