By Sinéad Carew NEW YORK (Reuters) – Wall Street’s benchmark S&P 500 index is expected to advance about 5% from Tuesday’s close by year-end although high interest rates and inflation have many strategists in a Reuters poll predicting a correction within the next three months. The S&P 500 was expected to end 2023 at 4,200 …
S&P 500 index seen climbing 5% by end of 2023: Reuters poll Read More »
(Reuters) – The average interest rate on the most popular U.S. home loan rose last week to its highest since November as bond markets took fright that the Federal Reserve might have to continue tightening policy through summer to subdue inflation, data from the Mortgage Bankers Association (MBA) showed on Wednesday. The average contract rate …
U.S. mortgage interest rates jump to highest level since November – MBA Read More »
(Reuters) – The White House on Wednesday will unveil a plan to reduce mortgage insurance fees charged to first-time home buyers, helping an estimated 850,000 borrowers save about $800 a year on the cost of a typical loan, it said in a statement. Vice President Kamala Harris will announce the plan to lower fees on …
White House to roll out plan to lower first-time home buyers’ mortgage costs Read More »
By Luc Cohen NEW YORK (Reuters) -A former Mexican law enforcement official once in charge of his country’s fight against drug traffickers was convicted on Tuesday on U.S. charges that he took millions of dollars in bribes from the infamous Sinaloa cartel. Federal prosecutors in the New York City borough of Brooklyn said Genaro Garcia …
Ex-Mexico drug czar convicted in U.S. of taking bribes from cartel Read More »
By Joseph Ax (Reuters) -A liberal and a conservative won Tuesday’s nominating contest for a pivotal seat on Wisconsin’s Supreme Court, setting up a one-on-one clash in April with major consequences for abortion rights, control of the state government and possibly the 2024 presidential election. Janet Protasiewicz, a liberal Milwaukee judge who has spoken favorably …
By Isla Binnie NEW YORK (Reuters) – Vivek Ramaswamy, the activist investor who launched a firm last year to pressure companies to abandon environmental, social and corporate governance (ESG) initiatives, said on Tuesday he would run for President of the United States. Ramaswamy, 37, will step down as executive chairman of Strive Asset Management, which …
Anti-ESG crusader Ramaswamy launches U.S. presidential bid Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75% on Wednesday, and said it expects to keep tightening further as inflation remains too high, a hawkish signal that sent the local dollar surging. The Reserve Bank of New Zealand …
NZ cenbank hikes 50bps, flags more to come as inflation ‘too high’; kiwi gains Read More »
By Alexander Tanas CHISINAU (Reuters) – President Vladimir Putin revoked on Tuesday a 2012 decree that in part underpinned Moldova’s sovereignty in resolving the future of the Transdniestria region – a Moscow-backed separatist region which borders Ukraine and where Russia keeps troops. The decree, which included a Moldova component, outlined Russia’s foreign policy 11 years …
Putin cancels decree underpinning Moldova’s sovereignty in separatist conflict Read More »
By Byron Kaye and Sameer Manekar SYDNEY (Reuters) -Top Australian grocer Woolworths Group Ltd said an inflation-driven shift away from dining out was helping to lift sales, sending its shares higher after its half-year profit beat forecasts despite cost pressures. Woolworths and smaller rival Coles Group Ltd have experienced wild swings in Australian consumer behaviour …
Australian grocer Woolworths says inflation is spurring in-home dining Read More »
LIMA (Reuters) -Peru’s attorney general’s office said on Tuesday on Twitter that the U.S. State Department had agreed to extradite former Peruvian President Alejandro Toledo on corruption charges. Toledo, 76, was arrested in the United States in 2019 after Peru formally requested his extradition. Peruvian authorities allege that Toledo, who governed the Andean country between …
U.S. agrees to extradite former Peruvian President Toledo, says Peru Read More »
