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US dollar touches three-week high; yen up on renewed trade uncertainty NEW YORK (Reuters) - The dollar rallied to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies waned with renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary ...
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Why the Fed, Long Reticent, Has Started to Talk About Climate Change Climate change is risky business — including for officials at the Federal Reserve. An increase in severe weather events could lead to bank failures as property prices rapidly adjust, stoke uncertainty and harm economic growth. That makes global warming and ...
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Sen. Blumenthal calls on Uber, Lyft to share data on risky drivers, implement fingerprinting Sen. Richard Blumenthal (D-Conn.) said that Uber and Lyft provided "ambiguous" answers to his recent inquiries about safety measures in the ride-hailing industry and called on both companies to institute fingerprint background checks for drivers. Blumenthal ...
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The Philippine peso has jumped nearly 4% this year as investors hunt for yield In a low-rate environment where investors are searching for yield, the Philippines has been an attractive option. Yields in the Southeast Asian country have stayed high — relative to its regional counterparts — and that's giving the Philippine peso a boost.
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A Recession Warning Reverses, but the Damage May Be Done The message from Wall Street is clear: The American economy is not in the kind of trouble that investors feared earlier this year. Stocks are at all-time highs and climbing. Yields on long-term government bonds, which reflect expectations for growth and ...
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Andreessen Horowitz boosts its crypto bet with new 'start-up school' Bitcoin's buzz may have faded but Andreessen Horowitz is still betting on cryptocurrency and its underlying technology. The Silicon Valley venture capital firm is launching a school to coach entrepreneurs on building blockchain and cryptocurrency companies, ...
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Billionaires' wealth falls for first time since 2015 ZURICH (Reuters) - The world's richest people became a little less well off last year, according to a report by UBS (UBSG.S) and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015.
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Veterans Day free food: 100-plus restaurants have deals for vets, active military Monday Businesses are saluting veterans and active-duty military personnel Monday. They're offering free meals, treats and special discounts on Veterans Day to show their appreciation for all those who have sacrificed for the country. Proof of service such as a ...
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US oil drillers cut rigs for third week in a row -Baker Hughes Nov 8 (Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as producers cut spending on new drilling, even though most are still increasing output as they benefit from efficiency gains. Drillers cut seven oil ...
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For the Best Travel Deals, Get Into the Black Friday Spirit! Black Friday, the kickoff to the holiday shopping season, is best known for doorbuster deals and irresistible sales on gifts. Deals on hotels, airfare, tours and cruises may have little to do with gift-giving and more with tempting shoppers to indulge in their own ...
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