June 30 (Reuters) – U.S. consumer spending slowed sharplyin May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next […]
It was a mixed session of global markets overnight. Stronger-than-expected economic data pushed Treasury yields higher and steered investors toward cyclical stocks as recession fears eased. […]
By Sruthi Shankar and Johann M Cherian [1/2]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2023. REUTERS/Brendan McDermid […]
US benchmark oil prices are seeing additional declines, down 1.6% at $68.41 a barrel, and 5% lower for the week which would be the largest one-week […]