REP

S&P 500 closes the book on its steepest first-half slide since 1970

S&P 500 closes the book on its steepest first-half slide since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Record US May Consumer Spending Up Moderately; inflation stays hot Nasdaq records largest percentage drop in January-June Indices down: Dow 0.82%, S&P 0.88%, …

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U.S. consumer spending, underlying inflation slow in May

U.S. consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Consumer spending adjusted for inflation falls 0.4% Core PCE Price Index Up 0.3%; 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – U.S. consumer spending rose less-than-expected in May as motor vehicles remained in short supply and higher prices forced purchases of other goods …

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Stocks swing higher as China eases quarantine rules

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board showing charts (top) of the Nikkei index outside a brokerage house in Tokyo, Japan, on 10 March 2022. REUTERS/Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Record HONG KONG, June 28 (Reuters) – Asian stocks …

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Oil prices edge higher ahead of G7 talks on new Russian sanctions

Oil prices edge higher ahead of G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan Terminal in Sherwood Park, near Edmonton, Alberta, Canada, November 14, 2016. REUTERS/Chris Helgren Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 27 (Reuters) – Oil prices rose in a volatile session on Monday as investors awaited any moves against Russian oil …

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Breakingviews: Germany’s gas action plan pulls its punches

Breakingviews: Germany’s gas action plan pulls its punches

Pressure gauges are seen at the Zsana storage site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 24 (Reuters Breakingviews) – Germany is facing a sudden acceleration of its gas crisis. A 60% drop in Russian supplies since the beginning of June threatens …

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Oil slumps nearly 3% as investors eye U.S. Fed rate hikes

Oil slumps nearly 3% as investors eye U.S. Fed rate hikes

A sticker says crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Sign up now for FREE unlimited access to Reuters.com Record Powell says Fed is ‘strongly committed’ to curbing inflation Biden to urge suspension …

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