China's property investment falls 10.3% y/y in Jan-Oct
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China's property investment fell at a faster pace from January to October but sales narrowed the slump, showing policy stimulus...
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China's property investment fell at a faster pace from January to October but sales narrowed the slump, showing policy stimulus...
By Ann Saphir and Howard Schneider DALLAS (Reuters) -Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not...
By Michael S. Derby (Reuters) - Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the...
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By Rajasik Mukherjee (Reuters) - Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over...
The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European stock market futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2% target, tempering expectations for a rate cut next month.
The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European stock market futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2% target, tempering expectations for a rate cut next month.
Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. Together, they have helped drive the S&P 500's gain of 3% since the Nov. 5 vote. "We've got this relief from this big risk," said Garrett DeSimone, head of quantitative research at OptionMetrics.
Yahoo Finance readers have their say on bitcoin's stunning rally and how high it's likely to surge.