US job market in spotlight as weekly jobless claims hit 4-month high

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York, U.S., September 3, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Register Weekly jobless claims increase from 21,000 to 218,000 Continuing claims drop 25,000 to 1.317 million Mid-Atlantic factory activity slows … Read more

Stock market rebound falters, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in … Read more

Stocks rally even as growth and inflation fears persist

Pristine prices are displayed on the stock quotation boards of the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/Files Join now for FREE unlimited access to Register LONDON, May 17 (Reuters) – Global stocks rallied on Tuesday on optimism … Read more

Analysis: White House weighs inflation against farmers in new biofuel mandates

May 16 (Reuters) – The White House is expected to announce in coming weeks how much biofuels like corn-based ethanol U.S. refiners must put into their fuel this year, a move that will force it to weigh up of consumer inflation against the support of the nation’s farmers. How the administration balances competing priorities could … Read more

Analysis: The pain of food inflation puts emerging markets between a rock and a hard place

Food accounts for 40% of IPC baskets in low-income countries UN food price index hits record high in February and March More governments choose to introduce support measures Risk of social unrest is rising over food, fuel prices are rising LONDON/ISTANBUL/CAIRO, May 17 (Reuters) – Like millions of people in developing and emerging countries around … Read more

Walmart stores set to see high shopper traffic amid worsening inflation pain

NEW YORK, NY, May 16 (Reuters) – Walmart Inc (WMT.N) is expected to post a steady increase in gross margins and revenue when it reports first-quarter results on Tuesday as price-conscious buyers, feeling the pressure of persistent inflation, increase visits to the low-cost retailer. Walmart has seen an average 4.9% increase in monthly visits since … Read more

Stock markets struggle as fears over the economy grow

LONDON, May 16 (Reuters) – European stocks fell on Monday and Wall Street was poised to open lower as investor sentiment struggled to recover from last week’s sell-off on fears. a slowdown in economic growth. Global stocks hit their lowest point in 18 months last week as investors worried that raising interest rates to counter … Read more

Shanghai aims to return to normal on June 1 as COVID lockdown hits economy

Shanghai aims to lift COVID lockdown on June 1 City residents frustrated with changing schedules China’s retail sales and industrial production plummet in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai on Monday outlined plans for ending a painful COVID-19 lockdown that lasted more than six weeks, which has severely battered the Chinese economy, and returning … Read more

Russia Destroyed Satellite Internet in Ukraine – Western Officials

Russia Destroyed Satellite Internet in Ukraine - Western Officials

United States: a Russian hack aimed at disrupting Ukrainian communications UK: hack was ‘deliberate and malicious’ EU: Attack on Viasat caused “blind” blackouts Russia regularly denies carrying out cyberattacks NEWPORT, Wales, May 10 (Reuters) – Russia was behind a massive cyberattack on a satellite internet network that knocked tens of thousands of modems offline at … Read more

Global stocks climb to 18-month low, but markets watch for recession

S&P futures up 1.13%, European stocks gain 0.96% MSCI Asia excluding Japan +1.8%, Nikkei +2.64% Concerns about inflation and policy tightening remain Dollar swings near 20-year highs on safe-haven demand LONDON/SHANGHAI, May 13 (Reuters) – Global stocks rose from 18-month lows a day earlier and the dollar fell from 20-year highs on Friday, although investors … Read more