 | | | | U.S. stock investors worried geopolitical uncertainty and the Federal Reserve's fight against inflation could dent economic growth are heading for defensive sectors they believe can better weather turbulent times and tend to offer strong dividends. | | | | | | Egypt's current account deficit narrowed to $3.8 billion in the October-December quarter from $4.85 billion in the same period a year earlier, boosted by a jump in tourism, the central bank said in balance of payments figures released on Thursday. | | | | | | Philadelphia Federal Reserve President Patrick Harker on Thursday repeated his view that the U.S. central bank will deliver "a series of deliberate, methodical hikes" to interest rates this year to bring down widespread and "far too high" inflation. | | | | | | Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S. economy, although trading continues to be bright spot for Wall Street. | | | | | | Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S. Federal Reserve's rate hikes help their bread-and-butter business --taking deposits and lending. | | | | | | The Brazilian currency's monster rally may soon run out of gas, analysts and government officials say, as U.S. interest rate hikes and risks to the Chinese economy threaten the fundamentals of the world's best-performing major currency. | | | | | | The Federal Reserve's aim is to raise rates quickly enough to bring down inflation without pushing the U.S. economy into recession or damaging the strong jobs market, Cleveland Federal Reserve Bank President Loretta Mester signaled on Thursday. | | | | | | When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. | | | | | | U.S. stock investors are increasingly turning to the options market for protection against more downside on Wall Street as they worry the Federal Reserve will be less sensitive to equity market volatility as it hikes interest rates to fight inflation. | | | | | | Short-dated euro zone bond yields and the single currency fell on Thursday as traders pared back rate hike bets after the European Central Bank refrained from switching to a more hawkish stance. | | | | | |
