Agriculture
Coffee is playing a key role in reviving office culture.
Currencies
Treasuries were little changed, while a gauge of the dollar and index of commodities both slipped. The dollar slipped, while gold edged up. The U.S. dollar slipped, while gold edged up. That would add to what already may be multibillion-dollar tabs for the likes of JPMorgan , Bank of America and Wells Fargo.
Oil
Oil prices rose as a surprise drop in U.S. crude stockpiles and a halt in exports from Iraq’s Kurdistan region offset a smaller-than-expected cut to Russian supplies. Chevron was the most active bidders offering $108 million in 75 high bids – more than all the other oil majors combined, according to energy consultants Wood Mackenzie. The government oil license auction generated $264 million in high bids, according to the Bureau of Ocean Energy Management. Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, Bloomberg data shows.
The company said it wants to expand its deepwater oil and gas production in the U.S. Gulf.
The company said it wants to expand its deepwater oil and gas production in the U.S. Gulf.
United States
Paying up | The US deposit-insurance overseer may hit up big banks to help pay for rescuing depositors during recent bank collapses. Coming up The US publishes initial jobless claims numbers at 8:30 a.m. New York time, with economists expecting the number to tick up after two weeks after declines. Big jobs | The US pick for World Bank chief, Ajay Banga, looks to be the only candidate. Fiona Rutherford What we re reading Life expectancy continues to decline in the US as it rebounds in other countries, NPR reports.
Stocks gain European stocks climbed, partly catching up with a rally on Wall Street Wednesday that pushed the tech-heavy Nasdaq 100 into a bull market. There’s a real risk of another baby formula shortage in the US. Biden wants to bring the world s most sophisticated chipmakers to the US. The Wall Street Journal said it is deeply concerned for his safety. Here’s a look over the last 90 days of 2-year yields vs. the NASDAQ-100.
Jerome Powell, chairman of the US Federal Reserve, during a news conference in Washington on March 22.
Stocks gain European stocks climbed, partly catching up with a rally on Wall Street Wednesday that pushed the tech-heavy Nasdaq 100 into a bull market. There’s a real risk of another baby formula shortage in the US. Biden wants to bring the world s most sophisticated chipmakers to the US. The Wall Street Journal said it is deeply concerned for his safety. Here’s a look over the last 90 days of 2-year yields vs. the NASDAQ-100.
Jerome Powell, chairman of the US Federal Reserve, during a news conference in Washington on March 22.
Europe
EU lawmakers in February agreed to tougher rules on targeted political advertising aimed at countering misinformation during elections. The headline inflation rate fell by almost half, to 3.1% no longer very far from the 2% level targeted by the ECB. This week I m taking a look at the European Union s new push to boost gender equality. Spain inflation halves but core pressures highlight ECB bind. EU gets closer to finalizing its green plan. The UK, denied the EU s firepower, announced its answer today.
That s the measure the ECB actually targets, they insist.
0 That s the measure the ECB actually targets, they insist.
