Wall Street’s ‘Sell in May’ could be fading away
NEW YORK (Reuters) – “Sell in May and go away,” arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years. FILE…
Wall Street posts weekly loss as banks, chipmakers weigh
NEW YORK (Reuters) – The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China…
Dollar and oil pause ascent, bonds and gold lick wounds
LONDON (Reuters) – Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered…
Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. FILE…
Uber chief product officer to leave in latest executive departure
(Reuters) – Uber Technologies Inc Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior…
Asia stocks edge higher, investors cautious on U.S.-China trade talks
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after…
U.S. labor market tightening; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973,…
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014…
Asian shares inch higher; euro tries to shake off Italian political risk
SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier. FILE PHOTO: A panel displays a list of…
Asian shares steady; euro hampered by Italian political risk
SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form…