LONDON/SYDNEY—The U.S. dollar steadied after climbing to a two-month high and European stocks flattened on Tuesday as relief that a possible default by the U.S. government had been averted gave way to concern that the deal could face a rocky path through Congress. The U.S. dollar index and longer-dated U.S. Treasuries rallied as traders welcomed…
Dollar, European Stocks Steady With US Debt Deal in Focus
May 30, 2023
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All You Need to Know About Living Off Dividends
May 29, 2023
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Preparing for retirement may take more time, money, and effort than you think. It is especially harder to transition this year as inflationary pressures intensify. Although it may benefit savers and lenders, its impact is less desirable than we think. It erodes the value of dollars and, in turn, hurts the purchasing power of consumers….
Dollar Nudges Lower as US Debt Ceiling Deal Dents Safe-Haven Appeal
LONDON—The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until…
Oil Steady After US Debt Deal but Rate Hike Worries Linger
Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2 percent, to $77.09 a barrel by 0905 GMT, while U.S. West…
European Shares Lack Momentum After Debt Ceiling Deal
May 29, 2023
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LONDON—European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government’s $31.4 trillion debt…
Here’s How to Understand the Ups and Downs of the Stock Market
By Brad Klune For anybody who has ever questioned why the stock market appears to defy logic and common sense, Brian Feroldi’s latest book, Why Does The Stock Market Move Up? is a must-read. Feroldi provides readers with a unique perspective on the factors that drive stock market growth. Brian is a financial educator with…
Stock Market Today: Tech Leads More Gains on Wall Street
NEW YORK — Technology stocks powered solid gains for Wall Street on Friday after another chipmaker reported strong demand related to artificial intelligence. The upbeat finish to the week for major indexes comes amid lingering anxiety over persistently high inflation, the risk of a U.S. debt default and broadly weak corporate earnings. The S&P 500…
How Major US Stock Indexes Fared May 26
Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3 percent Friday, and the Nasdaq rose 2.2 percent. The Dow added 1 percent. Marvell Technology jumped 33 percent after saying it expects AI revenue to at least double…
Wall Street Opens Higher on Hopes of Debt Deal Breakthrough
Wall Street’s main indexes opened higher on Friday, buoyed by progress in negotiations over raising the U.S. debt ceiling, though data pointing to slightly hotter-than-expected inflation capped gains. The Dow Jones Industrial Average rose 30.85 points, or 0.09 percent, at the open to 32,795.50. The S&P 500 opened higher by 4.88 points, or 0.12 percent,…
Dollar Set for 3rd Week of Gains as US Debt Talks Loom Large
LONDON—The dollar eased on Friday but stayed on track for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates to curb sticky inflation and nervously awaited resolution of last-ditch talks on the U.S. debt ceiling. Apparent progress on Thursday in the talks between President Joe Biden and top congressional Republican Kevin…
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