Tag Archives: weighs

Reuters Gold slips as interest rate expectations sap appeal Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level. “Gold bulls are stuck in a quagmire of aggressive Fed policy actions, as the prospects of higher U.S. rates erode support for the precious metal,” said Han Tan, chief market analyst at Exinity. The U.S. Federal Reserve is expected to deliver another 75 basis… Source link

The Biden administration may trim mortgage costs for new and low-income homebuyers in a move to make homebuying more accessible, The Wall Street Journal reports. Industry officials are asking the Federal Housing Administration to cut premiums it charges for loans they insure by $50 to $70 a month per buyer, though some analysts say the federal agency is unlikely to make such deep cuts, the newspaper reports. Biden’s moves to make homebuying more affordable have so far centered on easing… Source link

(Reuters) – Airlines canceled nearly 700 flights in the United States early Monday, as they struggled to keep up with a surge in summer travel demand due to a shortage of staff ranging from pilots to crew members. Total flight cancellations within, into, or out of the United States as of 6.07 am ET were 669, as per flight-tracking website Flightaware.com. Nearly 860 flights were canceled on Sunday. Delta Air Lines, United Airlines Holdings Inc and Republic Airlines Inc had over 100… Source link

Yahoo Finance senior columnist Rick Newman discusses recent economic news including the Federal Reserve’s benchmark interest rate hike, the S&P seeing its worst week since March 2020 and President Joe Biden’s statement that a recession is “not inevitable.” This segment aired on KTLA 5 Weekend Morning News on June 18, 2022. Close Modal Suggest a Correction Suggest a Correction Source link

Welcome back to The Station, your weekly guide to everything going on in the world of transportation. Many readers of this weekly newsletter are likely enjoying a three-day weekend thanks to the Memorial Day holiday. So, this week I will keep it a wee bit shorter. Before we get started, check out the latest transportation Q&A, this time with Convoy co-founder and CEO Dan Lewis. He predicts digital freight will go mainstream within the year. Why? Lewis said: “The industry is going to contract… Source link

(Adds detail) MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to e-commerce investments, but raised its full-year group revenue forecast for a second time. The rapidly expanding company, which is spending $650 million on an e-commerce drive this year, offers services ranging from advertising to ride-hailing and food delivery. It now expects group revenue this year of 340-350 billion roubles… Source link

Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy.  During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum. With COVID-19 deaths and… Source link

Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.  “No,” Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. “It’s going to improve. It has improved since March. It’s going to continue to increase [product availability] every single month here.” To help improve demand, Oatly said it will increase… Source link

(Bloomberg) — Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad. The ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The… Source link

The Guardian Trumpism lives on in new thinktank – but critics say it’s ‘just a grift’ The America First Policy Institute calls itself ‘non-partisan’ and a ‘non-profit’ but critics regard it as a cash cow for Trump alumni with stained reputations Larry Kudlow outside the White House on 25 September. Kudlow is vice-chair of the board. Photograph: Rex/Shutterstock Malcolm X, Mark Twain, Malcolm Gladwell. Lewis Carroll, Steve Jobs. Douglas Adams, Mohandas Gandhi, Rocky Balboa –… Source link