News
Yen hits 40-year low as clock ticks on intervention
16+ min ago (636+ words) The yen weakened to 162. 27 per dollar in early trading, a 40-year low, with focus turning to Tokyo's next steps. The Japanese currency was set for a nearly 2% drop against the dollar for the second quarter, its fourth straight quarter of…...
Borrowed money fueling US stock rally is getting more expensive
3+ hour, 53+ min ago (670+ words) NEW YORK, June 29 (Reuters) " The borrowed money helping to fuel the U. S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work. Inflows into leveraged exchange-traded products, rising stock…...
Europe's central bank head defends its recent rate hike to fight inflation
3+ hour, 21+ min ago (345+ words) ECB head Christine Lagarde said Monday that without the quarter percentage-point increase, inflation could have lingered above the bank's 2% target into 2028. "Some have characterized our rate increase earlier this month as an "insurance hike," Lagarde said. "I'm sorry to disappoint…...
Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension
23+ hour, 26+ min ago (462+ words) The U. S. and Iran traded fresh barbs over the weekend before they agreed to stop tit-for-tat attacks and meet in Qatar on Tuesday, leaving investors nervous about a fragile ceasefire. Oil prices rose on Monday following strikes that again slowed energy…...
America In Focus: key inflation gauge surges to 3-year high, mortgage rate climbs
2+ day, 8+ hour ago (719+ words) Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked,…...
Supreme Court ruling, ECB conference likely to further frame Fed chief Warsh's early tenure
2+ day, 13+ hour ago (882+ words) The top U. S. court, entering the final week of its current term, could decide as soon as Monday whether Fed Governor Lisa Cook can keep her job despite Trump's announcement last August that he was firing her. Lower courts have agreed…...
US goods trade deficit hits 14-month high in May as imports surge
3+ day, 9+ hour ago (555+ words) The sharp deterioration in the goods trade deficit reported by the Commerce Department on Friday also reflected a decline in exports. Recent business surveys have shown front-loading of orders by firms. Sponsors of the surveys attributed the behavior to the…...
Analysis-Dollar rides into second half of 2026 on a 'winner takes it all' wave
3+ day, 20+ hour ago (773+ words) By Amanda Cooper, Dhara Ranasinghe and Saqib Iqbal Ahmed It is the best performing currency at the half-year point, up 3% and contrasts with a year ago, when it was nursing a fall of more than 10%, in its biggest first-half dive…...
Yen wobbles near 40-year low as dollar pauses for breath
3+ day, 23+ hour ago (476+ words) The Japanese currency was flat against the dollar at 161. 82 yen, edging back from a two-year nadir of 161. 95 on Thursday. Breaching the 161. 96 mark would take it to its weakest level since 1986. The yen was little changed after data showed on Friday…...
US weekly jobless claims drop more than expected
4+ day, 11+ hour ago (332+ words) WASHINGTON, June 25 (Reuters) " The number of Americans filing claims for unemployment benefits fell more than expected last week, consistent with labor market resilience. Initial claims for state unemployment benefits dropped 12, 000 to a seasonally adjusted 215, 000 for the week ended June 20, the…...