LONDON, Dec 16 (Reuters) – World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signalled that the fight to tame inflation was not over yet. Interest rates went …
Read More »U.S. retail sales post biggest drop in 11 months; labor market tight
Retail sales fall 0.6% in November Core retail sales drop 0.2%; October sales revised lower Weekly jobless claims decrease 20,000 to 211,000 WASHINGTON, Dec 15 (Reuters) – U.S. retail sales fell more than expected in November, but consumer spending remains supported by a tight labor market, with the number of …
Read More »Most Gulf markets fall on Fed hawkishness; Abu Dhabi gains
Dec 15 (Reuters) – Most stock markets in the Gulf dropped in early trade on Thursday after Federal Reserve Chair Jerome Powell said the central bank would deliver more rate increases next year. Fed’s hawkish stance risks tipping the economy into a recession, but Powell said a higher cost would …
Read More »Tesla shares fall as investors bash Musk’s Twitter focus
SAN FRANCISCO, Dec 14 (Reuters) – Tesla (TSLA.O) shares extended declines to hit their lowest level in more than two years on Wednesday, as investors including a “fanboy” of CEO Elon Musk lashed out at Musk’s distraction from the electric car company following his buy of Twitter. Shares of Tesla, …
Read More »U.S. SEC votes to advance stock market overhaul proposals
NEW YORK, Dec 14 (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors’ stock orders. The proposals include requiring marketable …
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