Wall Street’s main indexes opened higher on Monday as investors awaited inflation data and the Federal Reserve’s policy decision later this week to gauge the U.S. economic outlook amid worries of a recession. The Dow Jones Industrial Average rose 43.04 points, or 0.13 percent, at the open to 33,519.50. The S&P 500 opened higher by…
Wall Street Opens Higher as Investors Await CPI Data, Fed Decision
Dollar Eases, but Inflation Outlook Stays High on Investors’ Radar
LONDON—The dollar eased on Monday but its losses were contained by data last week that showed U.S. wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer. The U.S. currency made the most upward headway against commodity-linked currencies like the Australian…
Oil Resumes Slide as Weak Economy Outweighs Supply Risks
December 12, 2022
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SINGAPORE/LONDON—Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4 percent, at $75.72 a barrel by 0900 GMT. U.S. West…
Global Shares Ease as Central Bank Rate Hikes Loom
December 12, 2022
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LONDON—Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing. Oil prices rose as a key pipeline supplying the United States remained shut,…
North Carolina Treasurer Wants BlackRock CEO Larry Fink to ‘Resign or Be Removed’
December 9, 2022
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You might call it the “battle of BlackRock.” The conflict, which pits Republican officials in states across the country against the world’s largest asset manager, has only intensified in recent months. Just days ago, Florida became the latest state to pull money from BlackRock—in its case, $2 billion in state-controlled assets. The state’s chief financial…
Wall Street Slips as Inflation Remains Hotter Than Expected
NEW YORK—Stocks are slipping on Wall Street after a report showed inflation is still hotter than expected, even though it is slowing. The S&P 500 was 0.3 percent lower and on pace for its sixth loss in the last seven days. The trigger was data showing prices at the wholesale level were 7.4 percent higher…
Dollar Dips Ahead of US Inflation Data, Fed Meeting Next Week
LONDON—The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a lull in market-moving news, investors are looking towards rate decisions next week—including from the…
Oil Set for 10 Percent Weekly Drop as Demand Worries Dominate
December 9, 2022
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Oil prices were stable on Friday, although both benchmarks headed for a weekly loss on worries over weak economic outlook in China, Europe, and the United States weighing on oil demand. Brent crude futures were at $76.20 a barrel, up 5 cent, at 1216 GMT. Brent hit a 2022 low this week. U.S. West Texas…
World Shares Higher Ahead of US Inflation Update
December 9, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares were higher in Europe and Asia ahead of an update Friday on U.S. wholesale prices that will provide insights into how businesses are coping with inflation. Germany’s DAX added 0.2 percent to 14,295.30 while the CAC 40 in Paris was nearly unchanged at 6,649.30. Britain’s FTSE 100 also was little changed, gaining less than…
Stocks Open Higher on Wall Street but Remain Lower for Week
NEW YORK—Stocks are opening modestly higher on Wall Street, but remain lower for the week after five straight losses. The S&P 500 was up 0.2 percent in the early going Thursday and the tech-heavy Nasdaq was down 0.1 percent. The Dow Jones Industrial Average was up 0.5 percent. Energy companies were doing better than the…
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