Wall St ends higher, posts weekly, monthly gains on solid earnings, Fed pause hopes
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields…
Economy
Lyft asks employees to come to office more regularly
(Reuters) – Lyft Inc said on Friday it has asked employees to return to office, the latest move by new…
First Republic options draw bears, though cashing in could be a problem
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Bearish options traders are ramping up bets on further…
White House: Fed report on SVB reinforces need for regulatory, supervisory reforms
WASHINGTON (Reuters) – The Federal Reserve Board’s independent review of Silicon Valley Bank’s collapse reinforces the need for “the commonsense…
US House votes to repeal Biden solar tariff waiver
By Nichola Groom and Katharine Jackson (Reuters) -The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s…
Supervisory staff shortages come into focus in Fed, FDIC reviews of failed banks
By Hannah Lang (Reuters) – Among the key findings revealed on Friday in the Federal Reserve and Federal Deposit Insurance…
US dollar firms as inflation data backs Fed hike; yen plunges
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed inflation grew in March,…
Colombia’s central bank raises benchmark rate to 13.25% in split vote
By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s central bank board raised the benchmark interest rate by 25 basis points to 13.25%…
Crude prices up over 2% on rising U.S. oil demand and lower output
By Scott DiSavino NEW YORK (Reuters) -Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings…
US labor costs increase solidly in first quarter
WASHINGTON (Reuters) – U.S. labor costs increased solidly in the first quarter as strong wage gains persisted amid a tight…