Analysis: Argentina’s economic crisis whack-a-mole goes into overdrive

The facade of Argentina’s Central Bank is pictured in the financial district of Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com register BUENOS AIRES, June 28 (Reuters) – Argentina’s economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears … Read more

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Four big U.S. banks raise dividends after stress tests

NEW YORK/WASHINGTON, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N) and Wells Fargo (WFC.N) hiked their dividends on Monday after the US banks cleared their annual stress test exerciselast week. The US Federal Reserve said on Thursday the country’s largest lenders could easily weather a severe economic downturn, giving … Read more

European shares hit two-week high as China eases COVID-19 curbs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 24, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com register Prosus tops STOXX 600 on Tencent stake sale plan Shanghai declares victory over COVID-19 Mining sector leads gains June 27 (Reuters) – European shares closed at … Read more

Growth stocks drag Nasdaq lower, energy shares bounce

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register S&P 500 energy stocks among few gainers Robinhood rises on Goldman Sachs upgrade Dow flat, S&P up 0.25%, Nasdaq down 0.34% June 27 … Read more

Oil prices rise amid G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com register HOUSTON, June 27 (Reuters) – Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian … Read more

Wall St Week Ahead: Bruised U.S. stock investors brace for more pain in second half of 2022

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 13, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register NEW YORK, June 24 (Reuters) – With US stocks on track to mark their worst first half of the year in more than … Read more

U.S. new home sales rebound in May; consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com register New home sales rebound 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register June 24 (Reuters) – Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street … Read more

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more