By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve policymakers supported a hawkish policy stance. The yield on 10-year notes topped 4% for the …
S&P, Nasdaq weak as manufacturing stokes Fed concerns Read More »
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The skepticism expressed by conservative U.S. Supreme Court justices toward President Joe Biden’s move to forgive $430 billion in student debt not only cast doubt on the plan’s fate but also signaled trouble ahead for the use of executive power to get things done in his remaining …
US Supreme Court doubt over student debt relief looms over Biden agenda Read More »
By Pete Schroeder (Reuters) – After a rare snowfall dusted Los Angeles on Saturday, Southern California is bracing for a series of weak storms that will bring wind and rain this week to coastal areas while Northern and Central California mountain communities could see more heavy snow. Over the past three days, the storm brought …
Southern California braces for wind and rain after rare snowfall Read More »
By Steve Scherer and Susan Heavey OTTAWA (Reuters) -Canadian opposition parties on Wednesday stepped up their push for a broad public inquiry into alleged foreign election interference, particularly by China, a move that Liberal Prime Minister Justin Trudeau has not yet endorsed. Recent media reports have alleged ongoing Chinese interference in Canada’s elections, with Trudeau …
Canada’s opposition steps up push for public inquiry on Chinese meddling Read More »
By David Shepardson WASHINGTON (Reuters) -Norfolk Southern Chief Executive Alan Shaw has agreed to testify on the Ohio train derailment before the U.S. Senate Environment and Public Works Committee on March 9, the company said on Wednesday. The Feb. 3 derailment of a Norfolk Southern-operated train in Ohio caused a fire and sent a cloud …
Norfolk Southern CEO to testify on train derailment before US Senate Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. House Foreign Affairs Committee voted on Wednesday along party lines to give President Joe Biden the power to ban Chinese-owned TikTok, in what would be the most far-reaching U.S. restriction on any social media app. Lawmakers voted 24 to 16 to approve the measure to grant the administration …
U.S. House panel approves bill giving Biden power to ban TikTok Read More »
By Nelson Banya (Reuters) -Gold mining sector mergers and acquisitions are inevitable due to the need to replace depleting mineral reserves, Harmony Gold Chief Executive Peter Steenkamp said on Wednesday. U.S-based Newmont Corp, the world’s top gold producer, last month tabled a $16.9 billion bid for Australia’s Newcrest Mining, igniting speculation of a new wave …
Harmony Gold CEO says gold sector consolidation ‘inevitable’ Read More »
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, weighed down by firmer commodity currencies that benefited from China’s strong manufacturing activity data, as well as gains in the euro after German inflation soared last month and raised rate hike expectations in the euro zone. …
Dollar drops as commodity currencies gain on China optimism; euro rises on hot inflation Read More »
By Yevhen Titov NEAR CHASIV YAR, Ukraine (Reuters) -Russian forces carried out relentless attacks on Bakhmut on Wednesday, trying to encircle and storm the eastern Ukrainian city and claim their first major prize for more than half a year after some of the bloodiest fighting of the war. Ukrainian President Volodymyr Zelenskiy accused Moscow of …
Russia tries to close ring on Bakhmut as Ukrainians resist Read More »
By Lawrence Delevingne and Nell Mackenzie (Reuters) -Two of three major Wall Street stock indexes declined on Wednesday, while Treasury yields marched higher, as new inflation indicators from China, Germany and the U.S. hardened expectations that high interest rates would be in force longer than expected. China’s official manufacturing purchasing managers’ index (PMI) rose to …
US stocks mostly decline, Treasuries dip as inflation worries linger Read More »
