Yahoo Finance Plus With fireworks and fanfare, China and Russia opened a new bridge for freight traffic that links the two countries. As Russia’s isolation grows following its invasion of Ukraine, China is willing to keep their partnership going but not at any cost. Photo: Amur Region Government/Zuma Press
Should we still trust the Fed? This bigwig has serious concerns.
Prime minister Boris Johnson finally resigns after more than 50 ministers stepped down from their posts in his government.
U.S. stocks pushed higher at Thursday's open as investors weighed minutes from the Federal Reserve’s last meeting and fresh employment data out of Washington.
Company made most of its overall 2021 sales in the U.S. while recording most of its profits in foreign subsidiaries, leaving it with a tax bill far below the 21% U.S. rate.
U.S. bond yields rise, led by 2- to 5-year rates, further inverting the Treasury curve on fear Federal Reserve hawkishness will tip the economy into recession.
The crisis at 10 Downing Street comes at a time when the Britain is facing a sharp cost of living crisis, and soaring inflation, as well as the ongoing war in Ukraine.
Food retailers are pushing back against higher prices, Amazon’s Grubhub deal could pressure Uber and DoorDash, Norwegian Cruise is to drop preboarding Covid tests at some ports, and other news to start your day.
(Bloomberg) -- Germany’s vice chancellor made a public plea to the Canadian government to release a turbine that’s caught up in sanctions against Russia and critical for gas flows to Europe. Most Read from BloombergTycoon Whose Bet Broke the Nickel Market Walks Away a BillionaireBoris Johnson Odds: Who Are the Front-Runners to Replace PM?Natural Gas Soars 700%, Becoming Driving Force in the New Cold WarUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingRoaring US Rent
American Action Forum President Douglas Holtz-Eakin joins Yahoo Finance Live to discuss how pandemic stimulus contributed to inflation, the Fed's rate hike strategy to alleviate inflation, and how Americans are dipping into savings to balance rising gas and food prices.
In this episode of Influencers, Andy is joined by Forward Party Founder and 2020 Presidential Candidate, Andrew Yang, as they discuss the state of the nation, why Yang says the two-party system is 'pitting us against each other', and who's to blame for rising inflation.
The U.S. benchmark crude oil is trading below $100 for the first time since May, which should allow for some relief for gas prices at the pump.
Sterling regains some lost ground but remains well down this year against the dollar
IKHAIL KLIMENTYEV/Sputnik/AFP via Getty ImagesRussian President Vladimir Putin’s key ally Belarusian leader Alexander Lukashenko has started hinting at what may be next in Russia’s war, and it doesn’t sound pretty.Lukashenko claimed this weekend that he thinks it’s time for Europe to face a “moral cleansing.”“The time has come for the forgetful Europe to give itself a moral cleansing,” Lukashenko said, without going into further detail about what that would entail, according to BelTA.Lukashenko
The political uncertainty is, if not over, at least reduced: U.K. Prime Minister Boris Johnson announced he is resigning.
Four months after the start of the full-scale invasion, there are signs of exhaustion of Russia's arsenal.
(Bloomberg) -- President Volodymyr Zelenskiy said he’s confident UK policy toward Ukraine won’t change any time soon, after Boris Johnson announced his intention to resign as prime minister. Most Read from BloombergTycoon Whose Bet Broke the Nickel Market Walks Away a BillionaireNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingRoaring US Rental Market Shows Early Signs of Slowing DownBoris Johnson Odd
(Bloomberg) -- China’s Ministry of Finance is considering allowing local governments to sell 1.5 trillion yuan ($220 billion) of special bonds in the second half of this year, an unprecedented acceleration of infrastructure funding aimed at shoring up the country’s beleaguered economy.Most Read from BloombergTycoon Whose Bet Broke the Nickel Market Walks Away a BillionaireBoris Johnson Odds: Who Are the Front-Runners to Replace PM?Natural Gas Soars 700%, Becoming Driving Force in the New Cold Wa
India's rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September. A global stampede into safe-haven U.S. dollars on rising global recession risks pushed the Indian rupee to a record low of 79.40 against the greenback on Tuesday. Although the Reserve Bank of India's intermittent dollar selling helped limit losses, higher global crude oil prices and steady capital outflows have widened its current account deficit which in turn has dragged down the rupee.
More than 50 lawmakers handed in their resignations to say they had lost confidence in his leadership.
Initial jobless claims unexpectedly edged higher last week in a potential sign the labor market may be moderating amid tighter financial conditions.
Yahoo Finance