Wall St Week Ahead: Investors brace for pivotal July after dismal first half

Wall St Week Ahead: Investors brace for pivotal July after dismal first half

NEW YORK, July 1 (Reuters) – The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street’s course for the coming months. Second-quarter corporate earnings, hotly anticipated US inflation data and the Federal Reserve’s … Read more

Second half starts with fresh strain on stocks

Second half starts with fresh strain on stocks

World stocks struggle after biggest fall in index history Euro zone inflation hits fresh record high Dollar rises against Aussie, kiwi, sterling 10-year Treasury yield sliding below 3% China markets steady in a sea of ​​red in Asia LONDON, July 1 (Reuters) – The second half of the year started with more volatility for global … Read more

Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO / LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West … Read more

China’s factory, service sectors shake off 3 months of lockdown pain

China’s factory, service sectors shake off 3 months of lockdown pain

A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions partially ease 2022 GDP growth … Read more

Exclusive: Meta slashes hiring plans, girds for ‘fierce’ headwinds

Exclusive: Meta slashes hiring plans, girds for ‘fierce’ headwinds

June 30 (Reuters) – Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn . “If I had to bet, I’d say that this might be one of the worst … Read more

S&P 500 closes the book on its steepest first-half slide since 1970

S&P 500 closes the book on its steepest first-half slide since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US May consumer spending rises moderately; inflation stays hot Nasdaq notches biggest-ever Jan-June percentage drop Indices down: Dow 0.82%, S&P 0.88%, … Read more

US consumer spending, underlying inflation slow in May

US consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – US consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of … Read more

S&P 500 limps to slightly lower close as quarter-end looms

S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in stolen funds by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programs. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more

Inflation saps US consumer confidence; house prices remain elevated

Inflation saps US consumer confidence;  house prices remain elevated

Consumer confidence index falls 4.5 points to 98.7 in June Goods trade deficit falls 2.2% to $ 104.3 bln in May Exports increase 1.2%; imports dip 0.1% Wholesale inventories rise 2.0; retail stocks up 1.1% House prices increase in April, but pace slowing WASHINGTON, June 28 (Reuters) – US consumer confidence dropped to a 16-month … Read more