Author: Press Room

European stocks advanced on Tuesday, as investors took heart from a late rally on Wall Street and looked towards the possibility of more interest rate increases from the European Central Bank and US Federal Reserve.The region-wide Stoxx 600 rose 0.5 per cent, while Germany’s Dax and France’s Cac 40 were up 0.5 per cent and 0.9 per cent respectively. London’s FTSE 100 climbed 0.4 per cent. Markets had been closed since Friday for the Easter holiday.US markets recovered strongly on Monday afternoon from a weak start to the day’s trading, with the S&P 500 closing up 0.1 per cent and…

The Supreme Court’s reversal of Roe v. Wade last June was decades in the making, culminating in a dramatic evisceration of women’s constitutional privacy rights and ability to obtain an abortion. The new controversy over medication abortion, which has burst relatively suddenly on the legal scene, has the potential for another seismic ruling at the Supreme Court. Yet it is a different kind of case and, ultimately, could bring a different resolution. The challenge by anti-abortion physicians and medical groups tests the US Food and Drug Administration’s authority to review and approve drugs for use. It brings to federal courts…

Shares of Johnson & Johnson JNJ, -0.50% shed 0.50% to $164.32 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.10% rising 0.10% to 4,109.11 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 33,586.52. This was the stock’s second consecutive day of losses. Johnson & Johnson closed $22.37 short of its 52-week high ($186.69), which the company reached on April 25th. Despite its losses, the stock outperformed some of its competitors Monday, as Procter & Gamble Co. PG, -0.83% fell 0.83% to $150.96. Trading volume…

Gold prices are trading this week just a stone’s throw away from their all-time settlement high, but the move above the key $2,000-an-ounce mark was a long time in the making. What’s surprising is how long gold has spent “trying to establish itself above the $2,000 level,” George Milling-Stanley, chief gold strategist at State Street Global Advisors, told MarketWatch. Aside from last year, prices were above that on an intraday basis in 2020, and “the macroeconomic and geopolitical background has been very favorable for gold for over a year.”  With inflation at a 40-year high and “stubbornly resistant” to the…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. The federal tax code is a complex, changing set of rules — but one of the most important annual changes are the yearly adjustments to income-tax brackets. How much is a person’s taxable income actually getting taxed? That’s what is shown by the seven income tax brackets, and the seven escalating tax rates. The seven tax rates are 10%,…

Treasury yields advanced on Monday, led by the 3-month T-bill rate, as traders priced in a better-than-not chance of the fed-funds rate going a bit above 5% next month and staying there until at least June.What happened The 3-month yield TMUBMUSD03M, 4.950% rose 13 basis points to 4.985%, according to FactSet data. The yield on the 2-year Treasury note TMUBMUSD02Y, 3.961% rose 3.4 basis points to 4.004% from 3.970% on Friday. The yield on the 10-year Treasury note TMUBMUSD10Y, 3.390% advanced 3.2 basis points to 3.414% from 3.382% on Friday. The 2- and 10-year rates were each up for the…

© Reuters. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s annual meeting in Omaha, Nebraska, U.S., May 5, 2018. REUTERS/Rick Wilking TOKYO (Reuters) -Berkshire Hathaway Inc’s Warren Buffett is considering additional investment in Japanese stocks and said he holds a 7.4% stake in each of five Japanese trading houses, including Itochu Corp, the reported on Tuesday. In an interview with the newspaper, Buffett also said he would visit Japanese trading houses and Tungaloy Corp offices during his stay in Japan this time. Berkshire Hathaway (NYSE:) had more than a 6% stake in…

MEXICO CITY (Reuters) – Mexican authorities announced Monday a working group will investigate the impact of genetically modified (GM) corn imports on the country’s tortillas, a national staple typically made from cornflour, amid a trade dispute with the United States. The United States has requested trade consultations with Mexico after its government moved to restrict imports of GM corn, arguing it can contaminate Mexico’s ancient native varieties and have negative impacts on human health. The U.S., which says Mexico’s claims lack scientific backing, requested consultations under a chapter of the North American trade agreement on food security, which calls for…

By Maximilian Heath BUENOS AIRES (Reuters) – The latest government incentive to grow Argentina’s processed soybean exports recorded few takers on Monday, according to traders and analysts, on the first day for the scheme that offers farmers and shippers a preferential exchange rate. Would-be participants in the “soy dollar” program need more details, several told Reuters. The program provides access to an exchange rate of 300 Argentine pesos per U.S. dollar for all sales of soybean derivatives, or 40% more than the tightly-controlled official rate of some 213 pesos per greenback. The government of embattled President Alberto Fernandez, struggling to…

By Jorgelina do Rosario WASHINGTON (Reuters) -A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. Many weaker economies navigated the fallout from the COVID-19 pandemic and the war in Ukraine with financing aid from multilateral and bilateral lenders. But repayments on emerging markets’ high-yield international bonds will total $30 billion in 2024, a steep increase compared to the $8.4 billion left for the remainder of this year. This adds a layer of complexity to more vulnerable countries if some issuers…