Page 79 - Texas Intermediate News Today

(Bloomberg) — Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures. Equities got hit across the board, with the S&P 500 extending its April slide — as the economic figures fueled “stagflation” jitters, bringing even…

Currency settles at 278.48 in inter-bank market

(Bloomberg) — Wall Street was rattled by data that showed exactly what investors did not want to hear: a sharp slowdown in the world’s largest economy and stubborn inflationary pressures. Treasuries sold off, with yields hitting fresh 2024 highs as the economic figures fueled “stagflation” jitters — bringing more uncertainty to the path of Federal…

A global glut in natural gas supplies and moderately lower gasoline prices will likely more than offset any benefits of surging first-quarter crude oil prices for ExxonMobil and Chevron.

(Bloomberg) -- Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions against Iran.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBiden’s New Chopper Is Demoted After Scorching White House LawnRay Dalio’s Famous Trade Is Sputtering, I...

Asian equities extended the week's gains Wednesday following a strong rally on Wall Street and another record in London, as traders cheered more upbeat earnings reports and data indicating a slowdown in US economic activity.

Investors are betting on strong earnings among mega-cap leaders to help sustain the equity rebound, after stocks suffered heavy losses last week.

Australian shares are trading notably higher on Wednesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,700 level, following the broadly positive cues from global markets overnight, with gains in most sectors led by technology stocks.

Asian stock markets are a sea of green on Wednesday, following the broadly positive cues from global markets overnight, as data showing a slowdown in U.S. manufacturing activity in the month of April raised hopes the US Fed will start thinking of cutting interest rates soon.

US stocks rose for a second straight session in New York Tuesday, building on the prior days momentum following a round of mostly good corporate earnings, while European markets also