Dollar Firms, Yen Weakens as Stocks Tread Water: Markets Wrap
Wall Street got another signal the labor market is slowing, which could pave the way for the Federal Reserve to cut rates this year.
Wall Street got another signal the labor market is slowing, which could pave the way for the Federal Reserve to cut rates this year.
Heavy rains pounding East Africa that have caused the death of hundreds of people are hurting production of cut flowers in key producer Kenya.
Initial applications for US unemployment benefits rose last week to the highest level since August, coinciding with a recess at New York City public schools.
Lawyers representing UBS Group AG have managed to win a further delay in submitting comments related to a case brought by investors burned when $17 billion of Credit Suisse Additional Tier 1 bonds were wiped out last year.
The Bank of England’s aggressive push to clear its balance sheet of bonds is sending ripples through money markets, where the cost of obtaining sterling cash hit the highest in three years by several metrics.
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