By Jonathan Stempel OMAHA, Nebraska (Reuters) -Warren Buffett is set to preside over Berkshire Hathaway Inc’s annual meeting for the…
Category: Economy
Apple’s results send shares surging to nine-month high
By Noel Randewich (Reuters) – Apple’s stock surged nearly almost 5% on Friday, hitting a nine-month high and on track…
Dollar holds losses after Fed hikes, signals pause
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by…
Indexes fall 1% as regional banks tumble, investors fret before Fed
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional…
Oil drops 1% as economic growth concerns offset OPEC+ cuts
By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data…
Explainer-Why First Republic Bank failed and what JPMorgan’s deal means
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late…
White House: Fed report on SVB reinforces need for regulatory, supervisory reforms
WASHINGTON (Reuters) – The Federal Reserve Board’s independent review of Silicon Valley Bank’s collapse reinforces the need for “the commonsense…
Wall St rallies as earnings season boost offsets economy worries
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The tech-heavy Nasdaq led a Wall Street rally on Thursday…
Citigroup defends revamp as shareholders complain about sluggish stock
NEW YORK (Reuters) – Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems and bolster…
Investors flock to one-month bills on US debt ceiling jitters, shun others
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading…