By Herbert Lash, Bansari Mayur Kamdar and Praveen Paramasivam NEW YORK (Reuters) -The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation. The…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26. For the…
(Reuters) – Russia will scrap a 12% commission on buying foreign currency through brokerages starting from April 11, Tinkoff bank and Alfa Bank said on Friday, after a sharp rally in the rouble raised concerns about its economic and financial impact. The rouble has rebounded on the Moscow Exchange from record lows it hit in…
By Herbert Lash, Bansari Mayur Kamdar and Praveen Paramasivam NEW YORK (Reuters) -The Dow rose and the S&P 500 edged lower in choppy trade on Friday, with bank shares rising as investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation. The yield…
By Luc Cohen and Jody Godoy NEW YORK(Reuters) -Former Goldman Sachs banker Roger Ng was convicted by a U.S. jury on Friday of corruption charges related to his role in helping loot hundreds of millions of dollars from Malaysia’s 1MDB development fund. The charges stemmed from one of the biggest financial scandals in history. Prosecutors…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Bank of America on Friday threw its support behind the securities regulator’s proposal requiring U.S.-listed companies to disclose their climate-related risks and greenhouse gas emissions. The U.S. Securities and Exchange Commission (SEC) unveiled the draft rule last month, aiming to help investors better understand the “actual or…
LONDON (AP) — The board chairman of Russian metals company Rusal has called for an investigation into events in the Kyiv suburb of Bucha, where Ukrainian officials say Russian troops killed civilians. Rusal Chairman Bernard Zonneveld, an independent non-executive director, did not address who was responsible or even directly say anyone was killed in Bucha,…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices were stable on Friday in choppy trading but remained on course for a second weekly fall after countries announced plans to release crude from their strategic stocks. Brent crude futures were up 77 cents, or 0.77%, at $101.35 a barrel by 12:19 p.m ET (1619 GMT). U.S….
AUSTIN, Texas (AP) — Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory. Musk didn’t give details of the robotaxi other than to say it will “look quite…
By Caroline Valetkevitch NEW YORK (Reuters) -The U.S. Treasury 10-year yield hit a three-year high above 2.7% on Friday while the U.S. dollar index advanced to 100 for the first time in nearly two years, helped by the prospect of a more aggressive pace of Federal Reserve tightening. U.S. stocks were mixed in choppy early…
