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Fed shift causes rally in value stocks to wobble

NEW YORK (Reuters) -The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Read More

 

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Economic News

  • Fed shift causes rally in value stocks to wobble

    NEW YORK (Reuters) -The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year.

  • ECB makes good progress on new strategy, Lagarde says

    FRANKFURT (Reuters) -European Central Bank policymakers meeting this weekend made "good progress" in reshaping the ECB's strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday.

  • EU warns Lebanon's leaders of sanctions over 'home-made' crisis

    BEIRUT (Reuters) - The European Union's foreign policy chief told Lebanon's leaders on Saturday they were to blame for the country's political and economic crisis and some could face sanctions if they continue to obstruct steps to form a new government and implement reform.

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Money News

  • EU lifts ban on eight banks barred from bond sales

    BRUSSELS (Reuters) -Eight banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.

  • Sumitomo shareholders reject climate change resolution

    TOKYO (Reuters) -Sumitomo Corp shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues.

  • JPMmorgan, Citibank, six others cleared for next bond sale - EU Commission source

    BRUSSELS (Reuters) - Nomura, Unicredit, Credit Agricole, JPMorgan, Citibank, Barclays, Bank of America and Deutsche Bank can take part in the next syndicated debt sale backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund, a Commission source said on Friday.

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