Reuters - Squid Business

US dollar flat to modestly higher as upbeat data backs May rate hike

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was little changed to slightly higher against major currencies on Friday, as business activity data suggested that the world’s largest economy remained resilient, supporting expectations of another 25-basis-point interest rate increase by the Federal Reserve at next month’s policy meeting. Against commodity currencies, the greenback …

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Gold retreats to mark weekly loss on hawkish Fed

By Deep Kaushik Vakil (Reuters) – Gold prices fell sharply on Friday and were headed for their worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar. Spot gold dropped 1.2% to $1,979.63 per ounce by …

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Trump ally Jordan urges court to allow deposition of ex-prosecutor

By Luc Cohen NEW YORK (Reuters) – U.S. Representative Jim Jordan, one of Donald Trump’s staunchest allies in Congress, on Friday urged an appeals court to let his House Judiciary Committee depose a former prosecutor in the Manhattan district attorney’s criminal probe of the former U.S. president. The district attorney, Democrat Alvin Bragg, had earlier …

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UK health minister says he will seek court order to block nurses’ strike

(Reuters) – British health minister Steve Barclay said on Friday that he intends to pursue legal action against the Royal College of Nursing’s upcoming strike action. “Following a request from NHS Employers I have regretfully provided notice of my intent to pursue legal action to ask the courts to declare the Royal College of Nursing’s …

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London’s FTSE 100 ends up for fifth straight week

By Shristi Achar A and Johann M Cherian (Reuters) -Britain’s exporter-heavy FTSE 100 index closed higher on Friday, boosted by defensive stocks, while Network International hit nearly a two-year high after a Canadian wealth manager made a counter bid to take over the payments provider. Shares in mid-cap Network International Holdings Plc soared 10.3% after …

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‘Art is continuous resistance’: Sudanese cartoonist draws to bring hope, truth

By Gwladys Fouche OSLO (Reuters) – In his living room in Norway, while the TV broadcasts pictures of the violence back home in Khartoum, Khalid Albaih does what he has become known for in the Middle East and beyond: draw cartoons. His latest, entitled The Dog Fight, depicts the two main Sudanese foes, army chief …

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Analysis-Bearish fundamentals, buoyant charts complicate outlook for US stocks

By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally …

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Factbox-2024 US presidential election: who is in, who is out and who is still thinking about it

By Ross Colvin WASHINGTON (Reuters) -Democratic U.S. President Joe Biden may announce his re-election campaign by video next week, a source familiar with the matter said on Thursday, as most Republican hopefuls are still trying to decide whether to challenge former President Donald Trump. Here is a list of declared candidates and other potential 2024 …

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Tech earnings to test markets’ ‘most crowded’ trade

By David Randall NEW YORK (Reuters) – A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in coming weeks could help investors determine if those gains are justified. U.S. technology stocks are currently the “most crowded” trade in the market, fund managers surveyed by BofA Global Research …

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UK local authority loses bid to stop asylum seekers being housed at air base

LONDON (Reuters) – A local authority in southeastern England on Friday lost a bid at London’s High Court to stop the British government from accommodating asylum seekers at a former military base. Braintree District Council, in Essex to the northeast of London, had sought an injunction to prevent the Home Office (interior ministry) housing up …

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