By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market showed little appetite to bet on an end to the continuing stock market sell-off on Monday, as Wall Street’s most followed gauge of equity market fear soared to its highest level in more than a year. The Cboe Volatility – the Wall…
By Devik Jain and Bansari Mayur Kamdar (Reuters) -U.S. stock indexes plunged on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive monetary policy tightening by the Federal Reserve. A correction is confirmed…
By Tom Wilson and Karen Brettell LONDON/NEW YORK (Reuters) – Bitcoin tumbled to its lowest level in six months on Monday as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was last down 5.4% at $34,310 after earlier dropping to $32,951, its lowest price since July…
By Herbert Lash and Sujata Rao NEW YORK/LONDON (Reuters) -The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of…
NEW YORK (Reuters) – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in a report. The Fed’s balance sheet roughly doubled in size during the pandemic to nearly $9 trillion, as it snapped up bonds…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – U.S. stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve. A correction is confirmed…
(Reuters) – Ford Motor Co is cutting off customer orders for the Maverick, a hybrid affordable pickup that the automaker had rolled out in June last year, the Wall Street Journal reported https://www.wsj.com/articles/ford-shuts-off-orders-for-new-20-000-maverick-pickup-11643033093?mod=latest_headlines on Monday. Ford told its dealers in a memo that it is suspending customer orders for the Maverick pickup truck because it…
(Reuters) – Goldman Sachs Group Inc said it has appointed Luke Sarsfield as the global co-head of its $2.47 trillion asset-management business, according to a memo seen by Reuters on Monday. Sarsfield will take over the post alongside Julian Salisbury, who has been heading the unit alone ever since Eric Lane ended his association of…
By Arunima Kumar and Liz Hampton (Reuters) -Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices. U.S. oil prices rose more than 50% last year and have made…
(Reuters) -Activist investor Blackwells Capital on Monday called on the board of exercise equipment maker Peloton Interactive Inc to remove Chief Executive John Foley and start a sale process as the fortunes of the pandemic winner start to wane. Foley is “ill-suited to lead company and must be removed”, the investment firm founded by Jason…
