(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) Prominent meme stocks snap rally Boeing gains on possible UAL order Pfizer rises on news of US govt deal Industrials lag on infrastructure bill uncertainty Indexes up: Dow 0.37%, S&P 0.59%, Nasdaq 0.78% (Updates to late afternoon; changes dateline, byline)
June 10 (Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory.
All three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. But economically sensitive transports and smallcaps were in negative territory.
FBI Director Chris Wray on Thursday suggested "serious charges" are still coming in the criminal investigation of the deadly Jan. 6 attack on the U.S. Capitol by supporters of former President Donald Trump.
3 Min Read
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told lawmakers on Thursday that debt relief for poor and developing countries would be hampered without new funding, while $2.7 billion in current unmet U.S. commitments to the World Bank, International Monetary Fund and other institutions would grow.
Yellen, in prepared remarks to a U.S. House of Representatives Appropriations subcommittee, said that the G20 Debt Service Suspension Initiative for poor countries and a new debt restructuring “Common Framework” both need funding from Congress.
“Without new funding, the United States could be forced to delay the multilateral debt process under the Common Framework and charge much higher interest rates on DSSI debt service suspensions,” Yellen said.
By Reuters Staff
1 Min Read
BANGKOK, June 9 (Reuters) - Thailand’s parliament on Wednesday started debating a bill to allow the government to borrow an additional 500 billion baht ($16 billion) to help the tourism-reliant country deal with its latest and biggest coronavirus outbreak so far.
Southeast Asia’s second-largest economy is expected to grow only 1.5%-2.5% this year after last year’s 6.1% slump, with tourism still struggling, the government predicts.
Given the outbreak has not yet been contained, there is an urgent and unavoidable need for more funding to help quickly restore the economy to normal, Finance minister Arkhom Termpittayapaisith told the House of Representatives, which plans to debate the bill until Thursday.