Tag: Markets

Barclays Warns of ‘Second Wave’ of Deposit Outflows as ‘Sleepy’ Depositors Awake and Run for Exits

After a month of uncertainty, Barclays warned that a “second wave” of deposit outflows is increasingly likely, a sign that the latest banking crisis is far from over. The collapse of Silicon Valley Bank (SVB) and Signature Bank forced federal regulators to rush to backstop the banking system, which calmed market fears in the short…


Wall Street Opens Higher as Inflation Data Boosts Softer Fed Policy Hopes

Wall Street’s main indexes opened higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. The Dow Jones Industrial Average rose 42.93 points, or 0.13 percent, at the open to 32,901.96. The S&P 500 opened higher by 5.35 points, or 0.13 percent, at…


World Bank Says Economic Recoveries in East Asia Are Losing Steam

The World Bank said that Asian economies are beginning to lose steam after making a recovery from the pandemic. The smaller economies in East Asia, which have largely regained their pandemic-era losses, are now facing a stalled recovery as productivity begins to lag, according to a World Bank report from March 31. Across the Asia-Pacific…


Shares and Bonds Ride High After Soothing Eurozone Data

LONDON—Share markets pushed for a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a record monthly drop in the eurozone’s inflation rate raised investors’ expectations for similar U.S. data later in the day. With an action-packed first quarter also drawing to a close world stocks were…


Euro Rises as Eurozone Countries Report Inflation Data

LONDON/SINGAPORE—The euro was set for its best week since mid January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while investor expectations U.S. rates are near peaking meant the dollar headed for a second consecutive quarterly loss. The European common currency was at $1.0883, down 0.2 percent on the…


Oil Dips, Set for Monthly Drop, Ahead of Key US Inflation Data

LONDON—Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5 percent this week, were down 63 cents, or 0.8 percent, at $78.64…


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 30)

Benchmark U.S. crude oil for May delivery rose $1.40 to $74.37 a barrel Thursday. Brent crude for May delivery rose 99 cents to $79.27 a barrel. Wholesale gasoline for April delivery fell 1 cent to $2.66 a gallon. April heating oil fell 4 cents to $2.62 a gallon. May natural gas fell 8 cents to…


Used-Car Prices Are Back Up Again This Month, After Easing for Nearly a Year

Used-car prices in the United States have gone back up again in March, after easing for months. The average used-vehicle price was gradually leaning toward affordable again for millions of Americans for almost a year. Although the relief was relatively slight, many car buyers benefited from the price decline. The average used-car purchase had dropped from…


Roku to Cut 6 Percent of Workforce as Tech Layoffs Rise Over 60,000 So Far in 2023

Roku, the digital streaming device maker, announced another round of layoffs, as the number of job losses in the tech industry rises over 60,000 in 2023. The company said it would lay off another 200 workers, or 6 percent of its workforce, in a Securities and Exchange Commission (SEC) filing on March 30, a few months after cutting…


Toyota’s Global Sales Notch Up a February Record as Parts Shortage Eases

TOKYO—Toyota Motor Corp. said on Thursday that global sales hit a record for the month of February as it bounced back from severe pandemic-induced parts shortages, adding that worldwide production also increased for a second straight month. Japan’s biggest automaker said in a statement, however, that shortages of parts continue to be a problem. During…