Tag: Markets

Dollar Eases as Investors Ponder Outlook for Fed Rates

March 22, 2023
Business & Marketscryptocurrencyeconomic policieseconomyForexglobalinflationMarketsrecessionstocks
0 Comment

LONDON—The dollar held around five-week lows on Wednesday, before the conclusion of the Federal Reserve’s policy meeting at which investors will be looking for any insight on what might happen with interest rates given the turmoil in the banking sector. Markets show a quarter-point rise in U.S. rates is the most likely outcome, but investors…

Read More

Oil Slips on Demand Fears, Market Awaits Fed Decision

March 22, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil prices edged lower on Wednesday following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve. Brent crude futures, which have risen by almost 3 percent this week, were down 30 cents, or 0.40 percent, at $75.02 a barrel at 1026 GMT. U.S. West…

Read More

Crypto Exchange Coinbase Asks Supreme Court to Compel Disgruntled Customers to Pursue Arbitration

March 22, 2023
Business & MarketscoinbaseCompaniescrypto currencycryptocurrencyJudiciaryMarketsMedia & Big TechPolicies & ImpactsSupreme CourtUSUS News
0 Comment

An attorney for cryptocurrency exchange Coinbase told the Supreme Court on March 21 that current customer disputes should not move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. Coinbase finds itself at the Supreme Court because it prefers the arbitration…

Read More

World Stocks Cautiously Higher Ahead of High Stakes Fed Decision

March 22, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

LONDON—World stocks were cautiously higher on Wednesday as hopes that a banking crisis would be averted were tempered by uncertainty before a Federal Reserve meeting that sees the central bank caught between taming inflation and maintaining stability. Data showing British inflation unexpectedly rose to 10.4 percent in February boosted expectations for a quarter point rate…

Read More

Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 21)

March 21, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment

Benchmark U.S. crude oil for April delivery rose $1.69 to $69.33 a barrel Tuesday. Brent crude for May delivery rose $1.53 to $75.32 a barrel.Wholesale gasoline for April delivery was unchanged at $2.54 a gallon. April heating oil was also unchanged at $2.69 a gallon. April natural gas rose 13 cents to $2.35 per 1,000…

Read More

Stocks Rise for First 2-day Rally Since Banking Crisis Began

March 21, 2023
Business & MarketsMarketsstocksWall Street
0 Comment

NEW YORK—Stocks rallied Tuesday, led by the banks most beaten down by the industry’s crisis, and some of Wall Street’s fear washed out on hopes the U.S. government will offer more help if needed. The S&P 500 jumped 1.3 percent to lock in its first back-to-back gain since Silicon Valley Bank’s rapid failure began two…

Read More

Home Prices Drop, Breaking 11-Year Streak of Increases

March 21, 2023
Business & Marketshome pricesHome salesMarketsreal estateUSUS Real Estate
0 Comment

The longest streak of rising home prices on record was broken in February when the median price of a home in the United States dipped by 0.2 percent in annualized terms. The National Association of Realtors (NAR) said Tuesday that the median existing home price was $363,000 in February, down 0.2 percent from $363,700 recorded…

Read More

Yellen: Government Could Step in Again to Protect Other Banks From Deposit Runs to Stop Contagion

March 21, 2023
banking sectorBusiness & MarketsCompaniescongresseconomic policieseconomyExecutive BranchFDICinflationInvestmentJanet YellenMarketsPolicies & ImpactsPoliticsRegional & State Newsregional banksSilicon Valley BankUSUS News
0 Comment

U.S. Treasury Secretary Janet Yellen on Tuesday defended government intervention in the banking sector and suggested that it may be necessary to take similar measures in case smaller financial institutions experience deposit runs that could lead to contagion. She also called the American banking system “sound,’ and said that overall “the situation is stabilizing” due to…

Read More

Oil Rises for 2nd Day as Banking Fears Ease for Now

March 21, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and reduce fuel demand. Sentiment across financial markets has improved after the UBS takeover of Credit Suisse, announced on Sunday, and after…

Read More

Shares Rise After Credit Suisse Deal, but Bank ‘Whack-a-Mole’ Not Over

March 21, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

LONDON/SINGAPORE—Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond. The Federal Reserve begins a two-day meeting later in the day and…

Read More