2022

By Karen Brettell (Reuters) – The closely watched two-year/10-year part of the U.S. Treasury yield curve briefly inverted on Tuesday, which in the past has indicated that a recession could start in one to two years. Other parts of the yield curve, however, including one of the Federal Reserve’s favorite recession indicators – the gap…

BOSTON (Reuters) – A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against the online brokerage Robinhood by declaring the state’s new fiduciary rule which underlies the case invalid. Suffolk County Superior Court Judge Michael Ricciuti in Boston concluded that Massachusetts Secretary of State Bill Galvin’s lacked the…

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow and S&P 500 snapping four-session winning streaks, on waning signs of progress for peace talks between Ukraine and Russia against a backdrop of a hawkish Federal Reserve curbing economic growth. Russian forces bombarded the outskirts of Kyiv and a besieged…

By Paresh Dave and Jeffrey Dastin OAKLAND, Calif. (Reuters) – Microsoft Corp President Brad Smith wrote to Ukraine’s leader this month with a clear message: despite Kyiv’s calls for it to sever all ties with Russia, the U.S. software behemoth would continue doing business in the country with non-sanctioned clients, including schools and hospitals. “Depriving…

By John McCrank NEW YORK (Reuters) – The dollar dropped to a nearly two-week low on Wednesday as optimism over peace talks between Russia and Ukraine faded and investors’ attention shifted to economic data and interest rate expectations. The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57%…

By Jiraporn Kuhakan and Chayut Setboonsarng BANGKOK (Reuters) – Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars. Thailand, along with most other countries in Southeast Asia, has been…

By Scott DiSavino NEW YORK (Reuters) – Oil prices gained over 2% on Wednesday as another U.S. crude stock drawdown indicated tight supplies and investors worried about possible new Western sanctions against Russia. Brent futures rose $2.69, or 2.4%, to $112.92 a barrel by 1:22 p.m. EDT (1722 GMT). U.S. West Texas Intermediate (WTI) crude…

(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates on management of the central bank’s balance sheet, Kansas City Fed President Esther George said on Wednesday. George said she was less concerned about what…

By Tom Wilson and Koh Gui Qing LONDON/NEW YORK (Reuters) – The U.S. and European equities rally paused on Wednesday as investors took stock of economic and geopolitical risks, while oil prices jumped back around $4 on the prospect of more Russian sanctions. The broad Euro STOXX 600 fell 0.6% after three positive sessions that…