Tag: Looms

Markets mostly up after tough week as US inflation looms

A jump in Tokyo inflation boosted bets the Bank of Japan will hike interest rates again soon (Richard A. Brooks) Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. The readings came ahead of […]

Possible plea deal looms for man suspected of killing baby daughter

The hearing for a man suspected of killing his 7-week-old daughter in 2021 was delayed Tuesday in Kern County Superior Court pending a possible plea deal. Gregory Higgins, 37, is charged with murder and assault of a child under the age of 8 years old resulting in death. On Sept. 15, 2021 around 11:30 a.m., […]

No-confidence vote looms for Papua New Guinea leader Marape

SYDNEY (Reuters) – Papua New Guinea Prime Minister James Marape is likely to face a no-confidence motion with parliament resuming on Tuesday, after the opposition party nominated Rainbo Paita, who defected from Marape’s cabinet days earlier, as alternate prime minister. Paita, the finance minister, was among several ministers to defect in a group of 18 […]

Tornado causes havoc in Texas as record-breaking heat wave looms

A tornado ripped through central Texas on Wednesday evening, causing huge damage and destroying homes, as forecasters warn of a potentially record-breaking heat wave in the state. The city of Temple, northeast of Austin, declared a state of emergency and opened a shelter for displaced people after a twister caused widespread devastation. Cars were overturned, […]

Biden to secure 200th judicial confirmation as election looms

By Nate Raymond (Reuters) – President Joe Biden is set to secure U.S. Senate confirmation of his 200th appointment to the federal judiciary on Wednesday, surpassing his Republican predecessor Donald Trump‘s pace even as the clock ticks toward their Nov. 5 election rematch. Reaching this milestone at this point in his presidency is evidence, according […]

Copper Hits Record Above $11,000 on Bets That Shortage Looms

(Bloomberg) — Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Most Read from Bloomberg Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11,000 a ton for the first […]

US futures hold steady as inflation test looms

US stocks held steady on Wednesday, eyeing fresh record highs ahead of a crucial update on consumer prices that could upend rate-cut hopes and as meme stocks regrouped after a roaring rally. Futures on the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) hovered above the flatline. Contracts on the Nasdaq 100 (NQ=F) were […]