Market Overview - Page 171

Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. “It may be.

The U.S. is taking a two-pronged approach toward its goal of implementing a worldwide minimum tax for corporations as it progresses through negotiations with a global consortium, Treasury Secretary Janet Yellen said Tuesday. Getting countries around the world to implement.

Bill and Melinda Gates, who for decades have overseen one of history’s greatest fortunes and philanthropic operations, said they plan to divorce. The announcement Monday that the couple is splitting after 27 years of marriage has the power to ripple.

Stock futures fell on Tuesday, with tech shares set to lead the decline. The pullback follows a strong start to May as investors on Monday piled into shares that would benefit the most from an economic reopening. Futures on the.

As the coronavirus pandemic eases, credit activity in the UK is rising. A fresh set of statistics could be another factor for the Bank of England’s decision to slow QE as early as this week, taking the first step towards.

India crossed 20 million reported cases of Covid-19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total to 20.28 million, according to health ministry data. India’s first cases were detected in late.

Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash that saw full-year earnings for the state firm slashed in half. In a release.

Foreign ministers from the Group of Seven (G-7) developed nations are to meet in London on Tuesday to discuss the most pressing geopolitical challenges facing the world, including Russia and China. The U.K. is hosting G-7 foreign and development ministers.

The dollar added 0.1% by the European open, having almost completely recovered from the decline the day before. The recent pull into the dollar is well matched by the slippage in stock markets. Since the start of last week, the.

Germany’s GDP fell by 1.7% in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3%. This is in clear contrast to the USA, where the economy is already 0.4% above pre-pandemic levels. Germany,.

The oil price is ready for further growth, and this year it might consolidate in the area of $70-75, not ruling out bounces up to $85. The rally in early November overheated the price by March, which turned out to.

Asian stocks retreated Friday as China’s antitrust crackdown weighed on technology firms, while U.S. equity futures fell after another record on Wall Street overnight. Treasuries and the dollar were steady. Hong Kong led regional losses and an Asia-Pacific stock gauge.