By Stephen Culp NEW YORK (Reuters) -U.S. stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon as March. All three major U.S. stock indexes rose in light trading a day after the Christmas holiday, with the S&P 500 …
Wall Street ends higher in final stretch of 2023, rate cuts in view Read More »
DUBAI (Reuters) – Yemen’s Iran-backed Houthi militia claimed responsibility for a missile attack on Tuesday on a container ship in the Red Sea and for an attempt to attack Israel with drones. MSC Mediterranean Shipping said there were no injuries to its crew from the attack on its ship, the United VIII, en route from …
Yemen’s Houthis claim responsibility for Red Sea container ship attack Read More »
By Nidal al-Mughrabi, Bassam Masoud and Maayan Lubell CAIRO/GAZA/JERUSALEM (Reuters) -Israel’s war on Hamas will last for months, Israel’s military chief said on Tuesday while the United Nations voiced alarm over an escalation of Israeli attacks that killed more than 100 Palestinians over two days in part of the Gaza Strip. Israel’s Chief of Staff …
Gaza war to last months, Israel army chief says; escalation alarms UN Read More »
By Blake Brittain (Reuters) -Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after U.S. President Joe Biden’s administration declined to veto a government tribunal. The tech giant also filed an emergency request on Tuesday for the U.S. Court of Appeals for …
Apple files appeal after Biden administration allows US ban on watch imports Read More »
By Koh Gui Qing and Ankur Banerjee NEW YORK/SINGAPORE (Reuters) -Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. inflation will lead the Federal Reserve to cut interest rates next year. Oil prices jumped over 3% earlier in the session to …
Global stocks edge up, dollar holds near 5-month low Read More »
By Ange Kasongo and Sonia Rolley KINSHASA (Reuters) -Opposition candidates in Democratic Republic of Congo’s chaotic presidential election plan to march in the capital on Wednesday, despite authorities banning the protest and early results showing the incumbent with a large lead. Martin Fayulu, one of the main challengers to President Felix Tshisekedi in the Dec. …
Congo opposition plans Wednesday election protest despite ban Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar index fell on Tuesday and the euro hit a more than four-month high as investors waited on fresh clues to when the Federal Reserve is likely to begin cutting interest rates as inflation falls closer to the U.S. central bank’s 2% annual target. Volumes were muted the …
Dollar falls, euro highest since August in thin holiday trading Read More »
By Nate Raymond (Reuters) – The White House is gearing up for what could be President Joe Biden’s last chance to put his stamp on the judiciary, as progressive advocates fret that he may fall short of appointing as many judges as former President Donald Trump did over his four-year term. With a November 2024 …
As election looms, Biden struggles to match Trump’s judicial appointments Read More »
By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Oil climbed more than 2% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand. Brent crude futures settled $2, …
Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes Read More »
By Deep Kaushik Vakil (Reuters) – Gold consolidated gains on Tuesday, extending its climb for a third session on a weaker dollar and Treasury yields in a slow final week of the year, with traders expecting the Federal Reserve to cut U.S. interest rates in early 2024. Spot gold rose 0.3% to $2,059.79 per ounce …
Gold firms on bets for early 2024 start to US rate cuts Read More »
