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Dollar, U.S. Treasuries edge higher on strong U.S. labor report

4 Min Read NEW YORK(Reuters) -The dollar and the yield on the benchmark Treasury note edged higher in light trading on Friday after data showing a surge in the hiring of Americans in March pointed to a U.S. economic recovery that is poised to be the strongest in decades. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Equity markets were closed for Good Friday in the Americas...
New York United States South Korea South Korean Steven Ricchiuto Chizu Nomiyama

Archegos fallout wipes $9 bn from market value of Credit Suisse, Nomura

LONDON/NEW YORK (Reuters) - Investors on Wednesday tallied the fallout from Archegos Capitals dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed. The downfall of Archegos, a family office run by former Tiger Asia manager Bill Hwang, has rocked a handful of stocks that have been linked to the funds massive margin call while weighing on shares of banks that did business with the New York-based fund. ...
New York United States City Of United Kingdom Cynthia Osterman Tiger Asia

Global equities surge on factory data, stimulus hopes

3 Min Read NEW YORK (Reuters) - Global equity markets surged on Thursday, with U.S. and European benchmark stock indexes setting record highs, on the back of the strongest manufacturing data around the world in decades and a drop in bond yields that lifted big tech shares. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid U.S. President Joe Bidenโ€™s sweeping $2.3 trillion plan to rebuild Americaโ€™s crum...
United States City Of United Kingdom San Francisco Alison Williams Mark Heinrich Joe Biden

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S&P 500, Nasdaq slip as bond yields rise | Business Standard News

Read more about S&P 500, Nasdaq slip as bond yields rise on Business Standard. NEW YORK (Reuters) - The S&P 500 slipped on Friday after hitting an all-time high the prior session as rising U.S. bond yields revived inflation worries and dulled the appeal of high-growth technology shares.
New York United States Great Hill Thomas Hayes Matthew Lewis Shashank Nayar

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