Oil falls from four-year highs; Wall Street weighs
Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran.
Bond yields surge in U.S. Treasuries sell-off, stocks sink globally
A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, and stock markets sank globally.
Wall Street drops as bond yield climb continues
Wall Street stocks dropped on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on another round of strong economic data, increasing concerns for accelerating inflation.
Judge tells Tesla, SEC to justify settlement of fraud lawsuit
A New York district court judge has asked Tesla Inc Chief Executive Officer Elon Musk and the U.S. Securities and Exchange Commission to provide a joint statement by Oct. 11, explaining why their settlement should be approved.
Gucci boss reassures staff over looming era of slower growth
The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering -owned label, according to an internal video message seen by Reuters.
Oil falls from four-year highs; Saudi, Russia agree to up supply
Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran.
Wall Street hammered by surging bond yields
Wall Street tumbled on Thursday, mirroring a slump in global financial markets, as U.S. Treasury yields surged to multi-year highs on robust economic data and upbeat comments from the Federal Reserve, sparking fears of accelerating inflation.
Oil drops from four-year highs; Saudi, Russia agree to up supply
Oil prices fell on Thursday on the prospect of a production increase from Saudi Arabia and Russia and on profit-taking after futures hit four-year highs in the previous session, supported by the imminent loss of Iranian supply through U.S. sanctions.
Bond yields follow U.S. Treasuries sell-off globally, stocks sink
A sell-off in U.S. Treasuries pushed yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, weighing on stock markets globally.
Danske money laundering scandal widens with DOJ inquiry
Danske Bank faces a widening investigation into suspected money laundering at its Estonian branch.
