LONDON/SINGAPORE—The U.S. dollar rose to a 15-month high against the rouble on Monday after dramatic weekend events in Russia, which saw an aborted mutiny by armed mercenaries. The dollar index also found some safe-haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook….
Dollar Surges to 15-month High Against Russia’s Rouble on Aborted Mutiny
Oil Markets Shrug Off Russian Political Turmoil
LONDON—Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest producers. Brent crude futures were down 8 cents, or 0.1 percent, at $73.77 a barrel by 0900 GMT. U.S. West…
Stock Market Today: Global Shares Decline After Armed Rebellion Quelled in Russia
June 26, 2023
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TOKYO—Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. France’s CAC 40 dipped 0.4 percent in early trading to 7,135.23. Germany’s DAX slipped 0.2 percent to 15,797.27. Britain’s FTSE 100 fell 0.8 percent to 7,403.10. The futures for the Dow Jones Industrial Average and…
Growing China-Middle East Economic Ties Cannot be Ignored
Commentary The fireworks were flying during the recent China and Gulf Cooperation Council (GCC) summit in Riyadh. Several high profile business deals were announced between the Chinese Communist Party (CCP) in Beijing and the GCC—traditionally and until recently a strong ally of the United States—that could help shape the landscape of international investments in the…
Number of US Homes For Sale Plunges to Lowest Level Since 2012
June 24, 2023
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Since real estate brokerage Redfin started taking records, fewer homes were available for sale in the United States in May 2023 than in any other month. The number of homes for sale declined by 7.1 percent year-over-year in May 2023 on a seasonally adjusted basis to 1.4 million units, according to a June 21 Redfin…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 23)
June 23, 2023
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Benchmark U.S. crude oil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel. Wholesale gasoline for July delivery fell 3 cents $2.52 a gallon. July heating oil fell 6 cents to $2.41 a gallon. July natural gas rose 12 cents to…
How Major US Stock Indexes Fared June 23
Another drop for stocks helped drag Wall Street to its first losing week in the last six. The S&P 500 closed 0.8 percent lower Friday, pulling back further from last week when it reached its highest level in more than a year. The Dow and the Nasdaq composite also fell. Stock markets abroad also fell…
Stock Market Today: Wall Street Falls to Close out Its First Losing Week in the Last 6
NEW YORK—Another drop for stocks on Friday has Wall Street on track to close out its first losing week in the last six. The S&P 500 was 0.7 percent lower in late trading, pulling back further from last week when it reached its highest level in more than a year. The Dow Jones Industrial Average…
Wall Street Opens Lower as Hawkish Fed Saps Market Mood
Wall Street’s main indexes opened lower on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook by Federal Reserve Chair Jerome Powell in his two-day congressional testimony. The Dow Jones Industrial Average fell 111.05 points, or 0.33 percent, at the open to 33,835.66. The S&P 500 opened lower by 27.72 points, or…
American Tech Sector Continues to Bleed as Layoffs Jump 200 Percent in May
June 23, 2023
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The technology sector in the United States continued to lay off more workers in May, with job cuts nearly tripling from April, according to latest data. In May, the tech sector laid off 19,072 employees, which is an almost 200 percent jump from the 6,469 layoffs announced in April, technology magazine IEEE Spectrum reported, based…
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