Dollar gains, stock rally ebbs after labor report

NEW YORK (Reuters) – The dollar bounced off two-year lows and a gauge of global equity markets halted a march toward a record high on Friday as slightly better-than-expected data on U.S. job growth in July also snapped big rallies in gold and the euro. The Labor Department report showed employment growth slowed considerably from […]

World shares falter after Trump takes aim at China tech firms

TOKYO (Reuters) – World stock markets tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok. European stocks looked set to recede as well, with Euro Stoxx 50 futures .STXEc1 falling 0.3%. S&P500 futures ESc1 slid 0.5%. […]

Picking pennies: Dollar slump lifts U.S. bond returns for foreigners

NEW YORK/LONDON (Reuters) – A 10% decline in the value of the U.S. dollar since March has boosted returns for foreign investors in the world’s largest government bond market at a time when U.S. Treasury yields are near record lows.    German and Japanese buyers of U.S. government debt can pocket a few basis points in […]

Stocks slip as markets await U.S. stimulus

LONDON (Reuters) – Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others. European stocks edged down in volatile trading, with Frankfurt gaining 0.2% as investors digested […]

Asia futures mixed as gold prices hold near record peak

WASHINGTON (Reuters) – Asia futures were mixed on Wednesday and gold traded mixed, after U.S. and European equities gained overnight on strong earnings results. Hong Kong futures were 0.01% lower, while Nikkei futures were trading slightly above the Nikkei 225 index’s previous close and Australian shares were set to track Wall Street higher. Spot gold […]

Goldman sets new goals for employing Black, Latino, female vice presidents

NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) said on Wednesday that by 2025 it wants 7% of its employees with the title vice president to be Black and 9% to be Latino professionals. The bank also aims for 40% of its employees with this title to be female, Goldman’s chief executive officer, David […]

Goldman sets new goals for employing Black, Latino, female vice presidents

NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) said on Wednesday that by 2025 it wants 7% of its employees with the title vice president to be Black and 9% to be Latino professionals. The bank also aims for 40% of its employees with this title to be female, Goldman’s chief executive officer, David […]

Gold strides further above $2,000, dollar weakens

NEW YORK (Reuters) – Gold pushed further past $2,000 on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings. Oil prices rose to their highest since early March on a big drop […]

U.S. prosecutors do not charge Portland protesters with antifa ties

WASHINGTON (Reuters) – U.S. federal prosecutors have produced no evidence linking dozens of people arrested in anti-racism protests in Portland, Oregon, to the antifa or anarchist movements, despite President Donald Trump’s assertions they are fueling the unrest. A spokesman for the U.S. Attorney’s office in Portland confirmed this in an email to Reuters on Tuesday. […]

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

SYDNEY (Reuters) – Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks […]