Tag: Markets

Dollar Slips as Fed Pause Eyed in Busy Central Bank Week

LONDON—The dollar edged lower on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022. Monetary policy meetings of the Fed, the European Central Bank (ECB) and the Bank…


Oil Prices Fall, US Fed Rate Decision in Focus

LONDON—Oil prices fell $2 on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell $1.91, or 2.5 percent, to $72.88 a barrel by…


European Stocks Rise Ahead of Inflation Data, Central Bank Meetings

LONDON—European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. After lacking direction during Asian trading, market sentiment picked up in early European trading, as investors waited for U.S. CPI data…


3D-Printed Homes Hit the Market in Texas

A housing project has put up 3D-printed homes for sale in the Austin region, which is said to be the first such project in the United States. The project, first announced by construction startup Icon last year, is being built at Wolf Ranch, a master planned community in the city of Georgetown, Texas, located 25 miles…


Binance.US Halts Dollar Deposits, Robinhood Delists Tokens After SEC Crackdown

The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing…


IN-DEPTH: Shareholder Votes Show Support for ESG Falling

This year’s spring season of shareholder voting is leading some to believe that the tide may be turning against the left-wing corporate pressure campaign that goes under the awkward moniker of Environmental, Social and Governance, or ESG. “The big story this year is the drop in support for ESG proposals,” Scott Shepard, a fellow at…


Stock Market Today: Wall Street Drifts Higher, Marking 4th Winning Week for S&P 500

NEW YORK—Stocks inched higher Friday to close out a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 percent, to 4,298.86 to cap its fourth straight winning week. The Dow Jones Industrial Average added 43.17, or 0.1 percent, to 33,876.78, and…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 9)

Benchmark U.S. crude oil for July delivery fell $1.12 to $70.17 a barrel Friday. Brent crude for August delivery fell $1.17 to $74.79 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.59 a gallon. July heating oil fell 3 cents to $2.36 a gallon. July natural gas fell 10 cents to $2.25 per…


How Major US Stock Indexes Fared June 9

Stocks drifted higher on Wall Street, giving the S&P 500 its fourth winning week in a row. The benchmark index edged up 0.1 percent Friday. The Dow Jones Industrial Average eked out a gain and the Nasdaq composite rose. Tesla was at the front of the market, rallying 4.1 percent after announcing that General Motors…


A Bipartisan Credit Card Bill Reintroduced In Congress to Foster Greater Competition

A new credit card bill that targets the monopoly of Visa and Mastercard over the credit card industry has triggered swift reaction from lobbyists. A bipartisan group of lawmakers, led by Rep. Lance Gooden (R-Tex.), introduced new legislation that would significantly reform the credit card industry and create greater competition for the benefit of consumers….