Markets
By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. on Friday, the last trading day of the year, settled at $77.04 a barrel,…
Investing.com– Most Asian currencies steadied after strong gains on Monday, while the dollar nursed recent losses amid growing conviction that the Federal Reserve was done raising interest rates, and will begin cutting them in early-2024. The was one of the biggest beneficiaries of this notion, with the currency having recovered…
The volatile world of meme-based cryptocurrencies has witnessed surprising ups and downs. Shiba Inu (SHIB), known as the “Dogecoin killer,” gained attention in 2021 by briefly overtaking Dogecoin (DOGE) in the market cap. However, its momentum has waned in 2022 and 2023.Despite its $7 billion market cap driven by community…
The U.S. stock market was heading into year-end with a head of steam, pushing the S&P 500 index ever closer to record territory. In a look back at 2023, data provider FactSet took a look at the biggest daily market moves in both directions. Feb. 21: -2% March 9: -1.85%…
© Reuters. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo By Jonathan Stempel NEW YORK (Reuters) -A federal judge said Johnson & Johnson (NYSE:) shareholders may pursue as a class action their lawsuit accusing the company…
By Ange Kasongo KINSHASA (Reuters) – When Democratic Republic of Congo’s President Felix Tshisekedi was declared the winner of another disputed election on Sunday, he pledged be a leader for all its 100 million people. However, accusations by opposition leaders of electoral fraud and political repression will likely cloud his…
By Hannah Lang WASHINGTON (Reuters) -The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S. Federal Reserve will soon be cutting interest rates, while bitcoin breached $42,000 for the first time since early 2022. The , which tracks the currency…
After what industry participants are calling a big, messy “cleanup” of the digital asset industry, crypto bulls are hopeful that the fledgling space will be anchored by more established, regulated players in 2024. Crypto investors may end up remembering 2023 as the year of the conviction of Sam Bankman-Fried, co-founder…
© Reuters. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany, September 22, 2020. REUTERS/Michael Dalder//File Photo FRANKFURT (Reuters) – Accountancy firm EY is facing a new lawsuit claiming 1.5 billion euros…
Investing.com– Most Asian currencies weakened on Tuesday tracking a string of middling economic readings from the region, with the Australian dollar falling sharply after the Reserve Bank kept rates unchanged and offered scant cues on monetary policy. The was the worst performer for the day, down 0.6% after the .…