Wall St Tumbles As Investors Fret On Weak Earnings, Rate Hikes
By David French (Reuters) – Wall Street slumped to a lower close on Friday, ending a whipsaw week of surprise…
2022
The Edsel, Quibi and CNN+? New addition to business failures
NEW YORK (AP) — The Edsel. Quibi. New Coke. The Segway. DeLorean sports cars. The pantheon of colossal business failures…
U.S. Dollar Hits More Than 2-year High On Aggressive Fed Hike Outlook
By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK (Reuters) – The dollar surged to a more than two-year high on…
Oil Falls, Posts Nearly 5% Weekly Loss On Growth Concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of…
Indonesia Bans Palm Oil Exports As Global Food Inflation Spikes
By Fransiska Nangoy JAKARTA (Reuters) -Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most…
Plan to ban menthol cigarettes prompts late lobbying blitz
WASHINGTON (AP) — As federal officials finalize a long-awaited plan to ban menthol cigarettes, dozens of interest groups have met…
Why Fed worries about the strongest US job market in decades
WASHINGTON (AP) — Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d…
Amsterdam Trade Bank, Part Of Russia’s Alfa Bank, Declared Bankrupt
By Toby Sterling AMSTERDAM (Reuters) – Amsterdam Trade Bank (ATB), a subsidiary of Russia’s Alfa Bank, has been declared bankrupt,…
Oil Falls On Growth Concerns, Shanghai Lockdown
By Arathy Somasekhar HOUSTON (Reuters) -Oil slipped on Friday and headed for a weekly decline, burdened by the prospect of…
Fed Seen Going Big And Then Bigger On Rate Hikes Ahead
(Reuters) – The Federal Reserve is poised to follow a half-of-a-percentage point interest rate hike in May with two even…