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Dollar slips as currency traders see inflation spike as temporary The dollar index edged down on Friday and major currency pairs were stuck within recent ranges as markets shrugged off Thursday's high U.S. inflation number, believing the Federal Reserve's stance that it is likely to be a temporary blip. U.S. consumer ...
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The Fed could be facing a jobs headache in its inflation fight pre-Covid level," Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note. "Whatever is happening here, the Fed needs large numbers of these people to return to the labor force in the fall.".
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Dollar slips as currency traders see inflation spike as temporary LONDON (Reuters) - The dollar index edged down on Friday and major currency pairs were stuck within recent ranges as markets shrugged off Thursday's high U.S. inflation number, believing the Federal Reserve's stance that it is likely to be a temporary blip.
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US drillers add oil and gas rigs for sixth week in seven -Baker Hughes U.S. energy firms added oil and natural gas rigs for the sixth time in seven weeks as oil prices rose to their highest since 2018, although gas drillers have slowed down their activity. The oil and gas rig count, an early indicator of future output, rose five to 461 in ...
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PG&E's New Boss Is an Ex-Climate Denier Now Tackling Warming PG&E Corp.'s new chief executive officer, Patricia Poppe, once doubted the reality of climate change. Now, it may shape her fate. The state her electric utility serves ...
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House lawmakers introduce Big Tech bills that could break up Amazon, Google and others (CNN Business) Tech giants including Amazon, Apple, Facebook and Google could be forced to make sweeping changes to their businesses under a series of new bills introduced Friday by House lawmakers targeting the companies' economic dominance.
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Want to Go to Hawaii? Be Prepared. Vaccinated travelers may soon be able to travel to Hawaii without testing or quarantining, some eight months after the state instituted its stern Safe Travels program. In recent days, David Ige, Hawaii's governor, has issued a series of guidelines regarding ...
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'You Can Tokenize a Building' in State Street's New Digital Push Boston-based State Street, a designated global systemically important financial institution, won't be investing in cryptocurrencies directly, Chakar said. The Basel Committee on Banking Supervision said on Thursday that banks will face the ...
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US Universities Look For International Student Enrollment To Recover This Fall None of the reporting institutions intends to offer virtual instruction only. Those plans for the fall mirror what was already occurring on campuses throughout the U.S. during the spring, 2021 semester, as rates of the virus ...
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European shares hit record high, bond yields fall as inflation fears ease U.S. stocks rallied to record highs on the data, with 10-year U.S. Treasury yields also dipping to a three-month low. Market players said ...
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