Today's Top Story
Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble
NEW YORK (Reuters) - The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Read More
Business News
-
Exclusive: Fed's Kashkari opposed to rate hikes at least through 2023
(Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.
-
EU warns Lebanon's leaders of sanctions over 'home-made' crisis
BEIRUT (Reuters) - The European Union's foreign policy chief told Lebanon's leaders on Saturday they were to blame for the country's political and economic crisis and some could face sanctions if they continue to obstruct steps to form a new government and implement reform.
-
Investors brace for annual Russell index rebalancing with pandemic imprint
NEW YORK (Reuters) - Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the "meme" stock craze.
- More Business News»
Economic News
-
Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble
NEW YORK (Reuters) - The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year.
-
EU warns Lebanon's leaders of sanctions over 'home-made' crisis
BEIRUT (Reuters) - The European Union's foreign policy chief told Lebanon's leaders on Saturday they were to blame for the country's political and economic crisis and some could face sanctions if they continue to obstruct steps to form a new government and implement reform.
-
Russia's Putin tries to give ruling party a pre-election boost with spending promises
MOSCOW (Reuters) - President Vladimir Putin sought on Saturday to give Russia's ruling party a pre-election boost by promising to spend big on infrastructure, education and health.
- More Economic News»
Money News
-
EU lifts ban on eight banks barred from bond sales
BRUSSELS (Reuters) -Eight banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.
-
Sumitomo shareholders reject climate change resolution
TOKYO (Reuters) -Sumitomo Corp shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues.
-
JPMmorgan, Citibank, six others cleared for next bond sale - EU Commission source
BRUSSELS (Reuters) - Nomura, Unicredit, Credit Agricole, JPMorgan, Citibank, Barclays, Bank of America and Deutsche Bank can take part in the next syndicated debt sale backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund, a Commission source said on Friday.
- More Money News»
