SINGAPORE/LONDON—European and Asian shares rose on Wednesday thanks to positive news about inflation and China’s strict anti-COVID measures, while the dollar backpedaled as investors await minutes from the Federal Reserve’s most recent meeting. The pan-European STOXX 600 was up 0.9 percent by 0835 GMT as a lower inflation reading from France boosted sentiment, adding to…
Stocks Creep Higher as Inflation Data Offers Hope Ahead of Fed
January 4, 2023
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Tesla Shares Tumble After Company Misses Delivery Target
DETROIT—Shares of Tesla tumbled more than 12 percent Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. The electric vehicle and solar panel maker’s stock closed at $108.10, and it’s down just under 70 percent since the start of last year. The stock hit…
Wall Street Slips in 2023 Open After Ending Dismal Year
Stocks gave up an early gain and ended lower Tuesday, a lackluster first trading day of 2023 for Wall Street just days after it closed the books on its worst year since 2008. The S&P 500 shed a 1 percent gain and finished 0.4 percent lower. The Dow Jones Industrial Average slipped less than 0.1…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 3)
January 3, 2023
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Benchmark U.S. crude oil for February delivery fell $3.33 to $76.93 a barrel Tuesday. Brent crude for March delivery fell $3.81 to $82.10 a barrel. Wholesale gasoline for February delivery fell 12 cents to $2.36 a gallon. February heating oil fell 21 cents to $3.09 a gallon. February natural gas fell 49 cents to $3.99…
FTX’s Sam Bankman-Fried Enters Plea in Federal Fraud Case
FTX founder Sam Bankman-Fried pleaded not guilty in a federal court Tuesday to charges of fraud, conspiracy, campaign finance law violations, and money laundering. Bankman-Fried, 30, entered his plea via his lawyer before District Judge Lewis Kaplan in Manhattan federal court. During the hearing, Kaplan set a trial date for Oct. 2, 2023. A federal prosecutor, Danielle…
German Inflation Hits 7.9 Percent in 2022, Highest in Over 70 Years
BERLIN—Germany has recorded its highest annual inflation in more than 70 years, according to preliminary data released Tuesday by the country’s Federal Statistical Office. Surging energy and food prices due to Russia’s attack on Ukraine saw full-year inflation reach 7.9 percent in 2022. The last time annual inflation was near that level was in 1951,…
Wall Street Opens Higher on First Trading Day of 2023
Wall Street’s main indexes opened higher on the first trading day of the year, with a slew of economic data on tap this week as well as the Federal Reserve’s meeting minutes that would provide more clues on the path of future interest rate hikes. The Dow Jones Industrial Average rose 1.65 points, or 0.15…
Dollar Jumps to 2-Week High, Euro Slides as German Inflation Eases
LONDON—The euro was on track for its biggest one-day drop since September as German inflation eased in December, while the dollar rose to a two-week high with focus turning to the Federal Reserve’s minutes from the December meeting. The euro was last down around 1.3 percent against the dollar at $1.0526, its lowest level since…
Oil Falls as Outlook for China, Global Economy Weigh
January 3, 2023
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LONDON—Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed. Brent crude futures fell 46 cents, or 0.54 percent, to $85.45 a barrel by 1017 GMT. U.S. West Texas Intermediate crude was down 38 cents, or 0.47 percent, at $79.88. Both contracts rose by…
World Markets Mostly Gain Ahead of Fed Report, US Jobs Data
January 3, 2023
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BEIJING—Global stock markets and Wall Street futures were higher Tuesday ahead of updates on U.S. jobs amid fears of a possible global recession. Frankfurt, Shanghai, and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might…
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