Fed policymakers embrace more rate hikes, markets a little less

June 24 (Reuters) – A pair of US central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared. Last week, the Federal Reserve raised its benchmark overnight interest rate by three-quarters of … Read more

US weekly jobless claims dip; labor market remains tight

People line up outside a newly reopened career center for in-person appointments in Louisville, US, April 15, 2021. REUTERS / Amira Karaoud / File Photo Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims fall 2,000 to 229,000 Continuing claims increase 5,000 to 1.315 million WASHINGTON, June 23 (Reuters) – The number … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for … Read more

Nikola founder asks judge to block evidence of ‘wealth’, ‘lifestyle’ in fraud case

Trevor Milton, founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, US, July 29, 2021. REUTERS / Eduardo Munoz / File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Trevor Milton, the billionaire founder and former chief executive of Nikola … Read more

Real estate firm must comply with New York AG’s Trump probe, court rules

NEW YORK, June 16 (Reuters) – Real estate company Cushman & Wakefield PLC (CWK.N) must comply with subpoenas from New York State Attorney General Letitia James as part of her civil investigation into former US President Donald Trump, an appeals court ruled on Thursday. James’ probe is examining whether Trump and his family company, the … Read more

Analysis: Markets suspect new ECB tool to address bond stress could mimic old tools

FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS / Ralph Orlowski / Register now for FREE unlimited access to Reuters.com Register LONDON, June 15 (Reuters) – Rather than invent a radical new instrument to ease bond market strains across the euro bloc, investors reckon the European … Read more

Bitcoin eases from 18-month low as the crypto market stabilizes

LONDON / NEW YORK, June 15 (Reuters) – Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the US Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to … Read more

Cryptoverse: The funds making moolah from messy markets

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier / File Photo Register now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. … Read more

How high? Markets ramp up terminal rate pricing as inflation bites

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly / File Photo Register now for FREE unlimited access to Reuters.com Register June 13 (Reuters) – Traders have sharply increased where they see rate hikes by the world’s top central banks ending … Read more

S.Africa’s Ramaphosa urges police to probe money laundering claims against him

CAPE TOWN, June 10 (Reuters) – South African President Cyril Ramaphosa said on Friday police should be allowed to investigate him after a former intelligence official accused him of money laundering over millions of dollars allegedly stolen from the president’s farm. Ramaphosa has not been formally charged with any crime, but a police spokesperson confirmed … Read more