By Carolina Mandl (Reuters) – The Nasdaq ended lower on Friday as megacap growth stocks came under pressure after Treasury yields pointed to higher interest rates and shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. Yields on the benchmark 10-year Treasury note rose to their highest in more than a month following …
Nasdaq ends lower as Treasury yields rise, Lyft plunges Read More »
By Kemal Aslan, Maya Gebeily and Khalil Ashawi ANTAKYA, Turkey/JANDARIS, Syria, (Reuters) -Rescue crews saved a 10-day-old baby and his mother trapped in the ruins of a building in Turkey on Friday and dug several people out from other sites as President Tayyip Erdogan said authorities should have reacted faster to this week’s huge earthquake. …
Children rescued from ruins days after earthquake, but death toll tops 23,700 Read More »
By Dan Williams and Maayan Lubell JERUSALEM (Reuters) -Two Israelis including a child were killed by a Palestinian driver who rammed his car into a group of people at a bus stop on the outskirts of Jerusalem on Friday, Israeli police said. A volunteer medic with United Hatzalah ambulance service, Ariel Ben-David, told Army Radio: …
Palestinian driver ploughs into bus stop killing two Israelis Read More »
By Herbert Lash NEW YORK/LONDON (Reuters) -The dollar firmed and global equity markets fell on Friday as rising interest rates unsettled investors amid a growing chorus of central bank officials insisting monetary policy needs to remain tight for some time to lick inflation. U.S. mega-cap growth companies came under pressure and shares of ride-hailing firm …
Stocks slip, dollar gains on tighter policy outlook Read More »
(Recasts, adds new comment, U.S. data, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained on Friday as investors grew concerned about a U.S. inflation report next week that could show a number that is higher than markets forecast amid data showing expectations for a continued rise in prices over the next …
Dollar rises as investors look to next week’s inflation report; yen gains Read More »
By Akash Sriram and Aditya Soni (Reuters) -Lyft Inc lost more than a third of its market value on Friday after a bleak forecast fueled worries that the company’s price cuts to avoid being a distant second to Uber in the North American ride-sharing market would squeeze profits. Analysts said any pickup in ride volumes …
By Tanvi Mehta, Scott Murdoch and Rodrigo Campos NEW DELHI/SYDNEY/NEW YORK (Reuters) – Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller’s report. New York-based …
Adani crisis deepens with Moody’s downgrades and index weighting cuts Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel. Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 …
Oil prices rise over 2% on Russian plan to cut output Read More »
By Seher Dareen (Reuters) – Gold inched higher on Friday while markets awaited next week’s U.S. inflation data that could influence the Federal Reserve’s monetary policy trajectory. Spot gold was up 0.2% to $1,864.10 per ounce by 2:34 p.m. EST (1934 GMT). U.S. gold futures for February delivery settled 0.2% lower at $1,874.50 per ounce. …
Gold inches higher as market looks to U.S. inflation data next week Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose in December instead of falling as previously estimated and data for the prior two months was also revised up, which some economists said raised the risk of higher inflation readings in the months ahead. The consumer price index edged up 0.1% in December rather …
Revisions show U.S. consumer prices a bit firmer than previously reported Read More »
