Oil rises over 2%, but still set for weekly drop on recession fears
Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising...
Chances of global recession nearing 50% -Citigroup
Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has...
Fed’s commitment to curbing inflation is ‘unconditional,’ Powell says
The Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional" but also comes with the risk of higher unemployment, U.S. central bank chief Jerome...
U.S. Justice Dept delivers subpoenas in Trump fake electors probe, reports say
U.S. federal agents delivered grand jury subpoenas on Wednesday to several people as part of a probe into efforts by ex-President Donald Trump and his...
Huge sell-off rocks Treasury markets, yield curve inverts
U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday - the so-called curve inversion that often heralds economic recession - on expectations interest...
Analysis: British Pound: The sick man of the currency world
In volatile currency markets, one trade stands out as an easy bet: selling the British pound. With the world's fifth-biggest economy grappling with a particularly...
TerraUSD backer says will compensate some users; bitcoin back below $30,000
An affiliate of the company behind collapsed stablecoin TerraUSD said on Monday it had spent the bulk of its reserves trying to defend its dollar...
Wall Street falls as growth stocks, glum China data weigh
Wall Street's main indexes fell on Monday as downbeat data out of China added to worries about a global economic slowdown against the backdrop of...
Wall St slumps as bets of big rate hikes grow despite Fed view
Wall Street's main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve's less hawkish tone failed to ease investors' expectations of...
BoE flags risk of recession and 10% inflation as it raises rates again
The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates...