Wall Street posts solid gains, aces defensives, tech shine

Wall Street posts solid gains, aces defensives, tech shine

Energy, cyclical sectors lag Lower bond yields support technology, growth stocks US business activity slows considerably in June-survey Indexes up: Dow 0.64%, S&P 0.95%, Nasdaq 1.62% June 23 (Reuters) – Wall Street’s main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups … Read more

US Fed says banks can weather severe downturn comfortably

US Fed says banks can weather severe downturn comfortably

WASHINGTON, June 23 (Reuters) – The largest US banks would remain well capitalized in the event of a severe economic shock, the US Federal Reserve said on Thursday after the lenders’ annual health check, paving the way for them to issue share buybacks and dividends. The 34 lenders with more than $100 billion in assets … Read more

Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Euro zone business growth has slowed significantly this month – and by much more than expected – … Read more

Factbox: Health emergencies: WHO’s highest form of alert

Factbox: Health emergencies: WHO's highest form of alert

LONDON, June 23 (Reuters) – World Health Organization (WHO) experts meet on Thursday to evaluate whether monkeypox constitutes an international emergency, its highest form of alert. read more Only six such emergencies have previously been declared: COVID-19 (2020), the Ebola outbreak in Democratic Republic of Congo (2019), Zika virus (2016), polio (2014), West Africa’s Ebola … Read more

Rail strikes set to cripple UK travel network

Rail strikes set to cripple UK travel network

LONDON, June 20 (Reuters) – Britain’s biggest rail strike in 30 years will begin on Tuesday when tens of thousands of staff walk out in a pay dispute that unions warn could lead to coordinated action across other industries. British households are already experiencing the biggest economic squeeze in decades, with surging food and fuel … Read more