By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gains in more than two years. Morgan Stanley shares jumped 6.45%, their biggest one-day percentage climb since Nov. 9, 2020 after…
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U.S. economy sealed expectations that the Federal Reserve will hike interest rates next week. Bank of America posted a 20% surge…
KYIV (Reuters) -Russia and Ukraine presented vastly different accounts of fighting in northeastern Ukraine on Tuesday, with Moscow reporting advances by its troops and Kyiv saying it had seized the initiative in the region. Both sides reported no letup in the fighting. Ukraine has reported a measure of progress in a counteroffensive launched early last…
(Reuters) -Johnson & Johnson sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block a program that gives the Medicare government health insurance plan the power to negotiate lower drug prices. The pharmaceutical industry says the drug price negotiation program under President Joe Biden’s signature Inflation Reduction Act law will curtail profits…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed more than 1% on Tuesday after China said it will act to support economic growth in the world’s biggest oil importer and on expectations the U.S. Federal Reserve will stop raising interest rates soon and a forecast decline in U.S. output. Brent futures rose $1.13, or…
By Pratyush Thakur and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook as conflicts such as the war in Ukraine stoked demand for military equipment. But shares of the company were down around 2.5% over continued supply chain concerns and F-35 deliveries. Defense companies in the…
The surge of potential short squeeze plays has gained momentum in 2021 and continued throughout 2022, captivating the attention of new traders in search of lucrative opportunities. Certain characteristics, such as high short interest and steep borrowing costs, have emerged as common indicators that could trigger a short squeeze. Let’s take a closer look at…
By Jonathan Stempel (Reuters) -U.S. regulators on Tuesday announced a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls. The crackdown, known as Operation Stop Scam Calls, involves the U.S. Federal Trade Commission (FTC) and 101 other federal and state law enforcement authorities, including the attorneys…
SEOUL (Reuters) – A U.S. national was probably detained after crossing into North Korea on Tuesday during a tour in the “peace village” of Panmunjom, with its cluster of distinctive bright blue buildings and history of defections, tension and murder. Known formally as the Joint Security Area (JSA), in the heavily fortified Demilitarized Zone (DMZ),…
