Markets & Wall Street
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Bretton Woods Conference Locked Dollar Into Reserve Currency Role
BRETTON WOODS, New Hampshire, July 8 — The dollar’s reign as the world’s reserve currency didn’t happen by…
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Venezuela’s Oil Revival Now Depends On Pipelines And Refineries Too
CARACAS, July 13 — The technical reality of Venezuela’s oil industry is that it cannot simply flip a…
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China Cuts US Treasury Holdings to an 18-Year Low as France and Canada Retreat
The numbers are stark. In 2012, foreign central banks and sovereign wealth funds held roughly half of all…
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Goldman Sachs: US Economy Rewards Capital Over Labor
NEW YORK, September 17 — Goldman Sachs has published research arguing that the US economy increasingly rewards ownership…
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China’s US Treasury Holdings Fall to $618 Billion, an 18-Year Low
WASHINGTON, September 17 — China’s holdings of US Treasury securities have fallen to their lowest level in 18…
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Fed Hikes Rates a Quarter-Point, First Time Since 2023
WASHINGTON, September 16 — The Federal Reserve raised its benchmark interest rate by a quarter-point on Wednesday, the…
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Fed Raises Rates to 3.75%-4.00% as Inflation Hits 3.4%
WASHINGTON, September 17 — The Federal Reserve raised its benchmark interest rate by a quarter-point on Wednesday, the…
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Fed Raises Rates for First Time Since July 2023, Pressuring Bank Stocks
WASHINGTON, September 16 — The Federal Reserve raised its benchmark federal funds rate by a quarter of a…
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ECB Raises Key Rates 25 Basis Points as Middle East Conflict Fuels Inflation
FRANKFURT, September 15 — The European Central Bank raised its three key interest rates by 25 basis points…
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Larry Ellison Cancels $7.5 Billion Oracle Stock Sale as Shares Slide
Austin, September 15 — Larry Ellison has scrapped a plan to sell up to $7.5 billion worth of…
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Amazon Revenue Rises Amid Shrinking Labor Share Of National Income
SEATTLE, September 13 — Amazon’s annual revenue topped $574.8 billion in 2023, up from more than $500 billion…
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Why the US Dollar Remains the World’s Reserve Currency, Vanguard Economists Say
WASHINGTON, September 12 — The dollar is involved in roughly 88% of all foreign exchange transactions and accounts…
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JPMorgan Ends Lending to AI Hedge Fund After Trading Losses
NEW YORK, September 12 — JPMorgan Chase has cut off its lending relationship with the hedge fund Situational…
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UK 30-Year Gilt Sale Hits Record 5.82% Yield as Experts Urge Savers to Review Cash
LONDON, September 12 — Britain sold £4.25 billion (about US$5.4 billion) of 30-year government bonds at a yield…
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Streaming Prices Jump Nearly 70% in Four Years as Rates Keep Rising
MUMBAI, September 12 — The average monthly cost of the most popular streaming services has climbed nearly 70%…
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Japan And Korea Stocks Slump On Oil Spike, US-Iran Tension
TOKYO, September 4 — Japan’s Nikkei 225 fell between 1.9 percent and 2.5 percent to around 64,011 on…
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Treasury Triples Bond Buybacks to $6 Billion, and Yields Shrug
WASHINGTON, Sept. 9 — The U.S. Treasury Department’s decision to triple its quarterly bond buyback to $6 billion…
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ECB Revises Up Euro Area Growth Projections for 2026 and 2027
FRANKFURT, September 10 — The European Central Bank’s September 2026 staff macroeconomic projections describe a euro area economy…
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Fed September Rate Hike Odds Near a Coin Flip After Warsh Jackson Hole Speech
WASHINGTON, September 10 — The Federal Open Market Committee meets next week, and the odds of another rate…
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10-Year Treasury Yield Climbs to Multiyear High After Buyback Expansion
WASHINGTON, September 10 — The yield on the 10-year US Treasury note climbed to its highest level in…
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Oil Hits $105 a Barrel, Bond Yields Surge on Inflation Fears
LONDON, September 10 — Brent crude touched $105 a barrel on Wednesday, a level last seen in 2023,…
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Iran Hits at Ships Near Hormuz and Oil Crosses $100
SINGAPORE, Sept. 9 — Asian stock markets traded mixed on Monday, September 7, following broadly negative cues from…
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Global Shares Mixed as Chipmaker Stocks Rally in Tokyo and Seoul
TOKYO, Sept. 8 — Asia’s tech-heavy markets led global gains on Monday, with Japan’s Nikkei 225 climbing 2.1%…
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Tesla Drops 6% on a Cybercab Show Light on Specifics
BURBANK, Calif., Sept. 5 — Tesla took the wraps off its long-awaited robotaxi, the Cybercab, at a polished…
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Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
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Japan Tobacco’s 272-yen dividend at risk as Putin seizes Russian assets, stock crashes 19%
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Citi Links Hormuz Reopening to Fed Rate Cuts and $5,000 Gold Target
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Home Depot Stock Jumps 7% as Democrats Sweep Congress and Housing Hopes Rise
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Small Business Owners Face Harsh Collection on Pandemic Loans
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Why 7.4% Mortgage Rates Freeze Markets While 1970s Double-Digit Rates Did Not
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How Nigeria’s Lithium Factories Could Reshape Africa’s EV Battery Costs and Energy Security
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Spain Withholds 12% of Olive Oil to Prop Up Prices
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Kotak Neo’s Banerjee Ties Gold, Rupee and Copper to Crude Volatility and Fed Rate Hikes
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El Niño and Iran War Drive Agricultural Commodity Prices to New Highs
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ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High