Business – Page 2 – Freedom 96.9

Morning Bid: Can Treasuries rally for a second day?

Friday, October 2 by SRN News

A look at the day ahead in European and global markets from Stella Qiu It's probably not much of a surprise that Treasury yields hit 24-year highs of 5.34% on the first trading day of October after their steepest quarterly rise in 32 years. The... Read More.

US job growth expected to slow in September; unemployment rate likely steady

Thursday, October 1 by SRN News

By Lucia Mutikani WASHINGTON, Oct 2 (Reuters) - US job growth likely slowed in September and the unemployment rate is forecast to have been 4.1% for a third straight month, suggesting the labor market remained stable heading into the fourth quarter. The anticipated moderation would follow... Read More.

Asian shares fall after wild swings in bonds, FX before US jobs data

Thursday, October 1 by SRN News

By Stella Qiu SYDNEY, Oct 2 (Reuters) - Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening military buildup in the Gulf kept oil prices elevated. Bond markets were... Read More.

Oil rises slightly as market weighs mixed supply signals

Thursday, October 1 by SRN News

By Helen Clark PERTH, Oct 2 (Reuters) - Oil prices drifted slightly higher on Friday after China halted fuel exports, while the Wall Street Journal reported that the US is sending more troops and carriers to the Middle East as it also tries to make... Read More.

Dollar at 17-month high as global bond rout hits euro

Thursday, October 1 by SRN News

By Ankur Banerjee SINGAPORE, Oct 2 (Reuters) - The US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary... Read More.

Australia’s Sunrise Energy Metals plans US redomicile, primary Nasdaq listing

Thursday, October 1 by SRN News

Oct 2 (Reuters) - Australia's Sunrise Energy Metals plans to relocate its parent company to the United States through a newly incorporated Delaware company and seek a primary listing on Nasdaq, the company said on Friday. Here are some more details: • The new US-based company,... Read More.

Fed’s Logan calls for ’50 bps or more’ in rate hikes

Thursday, October 1 by SRN News

By Ann Saphir Oct 1 (Reuters) - The US central bank will need to raise short-term borrowing costs by at least another half of a percentage point to turn monetary policy "modestly restrictive" and get inflation back on track to the Federal Reserve's 2% goal,... Read More.

G20 trade chiefs to denounce food trade coercion but not excess factory capacity

Thursday, October 1 by SRN News

By David Lawder MILWAUKEE, Oct 1 (Reuters) - G20 trade ministers agreed on Thursday to denounce the weaponization of food through coercive trade actions, but failed to reach consensus on statements denouncing forced labor in supply chains and on addressing structural excess industrial capacity, U.S.... Read More.

Moderna to replace Warner Bros Discovery on Nasdaq 100

Thursday, October 1 by SRN News

Oct 1 (Reuters) - Nasdaq said on Thursday that vaccine maker Moderna will replace Warner Bros. Discovery on the Nasdaq 100 index, effective October 9. Here are some details: • Moderna shares have jumped more than sixfold this year to a valuation of roughly... Read More.

YPF investors ask US Supreme Court to revive $16.1 billion judgment against Argentina

Thursday, October 1 by SRN News

By Natalia Siniawski and Leila Miller Oct 1 (Reuters) - Investment firms Petersen Energia and Eton Park petitioned the US Supreme Court on Wednesday to reinstate a $16.1 billion judgment against Argentina in the long-running litigation on Argentine energy firm YPF . The petition seeks... Read More.

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