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July 1, 2022

Weekly

Pound posts first weekly rise in four weeks

Reuters
An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. REUTERS/Luke Macgregor Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) –......

Stocks in biggest weekly loss since 2020 on interest-rate worries

Reuters
BOJ an outlier as leading central banks raise rates Investors’ recession fears grow Lagarde comments soothe euro zone debt markets NEW YORK, June 17 (Reuters) – World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy......

Oil drops on recession concerns, heading for weekly fall

Reuters
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – Oil prices fell almost 2% on......

Wall Street suffers biggest weekly loss since January after hot CPI data

Reuters
Consumer price index rose to 1% in May from 0.3% in April Netflix falls after Goldman Sachs downgrades to ‘sell’ Indexes: Dow down 2.7%, S&P 500 down 2.9%, Nasdaq down 3.5% NEW YORK, June 10 (Reuters) – U.S. stocks posted their biggest weekly percentage declines since January and ended sharply......

Oil prices on track for weekly gain amid high U.S. demand

Reuters
An aerial view shows oil stockpiling facilities in unidentified location, South Korea, in this handout picture taken on July 14, 2005. Picture taken on July 14, 2005. Korea National Oil Corp/Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 10 (Reuters) – Oil rose......

Weekly jobless claims hit 229,000, the highest level since January

CNBC
CNBC – For more and to sign up click here A man walks past a “We’re Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Initial jobless claims spiked to their highest level since mid-January last week despite......

Wall Street rallies to end longest weekly losing streak in decades

Reuters
NEW YORK, May 27 (Reuters) – Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three......

Oil on track for weekly rise on global supply concerns

Reuters
Technicians stand next to an oil rig at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register EU may clinch......

Dollar drifts up but set for biggest weekly drop in 4 months

Reuters
U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 27 (Reuters) – The dollar edged higher on Friday but was on track for its biggest weekly drop......

Inside the Fight Over the Fastest-Growing Sport: Pickleball | SI Weekly

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTg5NzM2OTIwMTc4MjM4Njkw/x164009_nilsen_2042.jpg John Gonzalez On this week’s Sports Illustrated Weekly: A story that sounds like a cross between There Will Be Blood and Best in Show, all set A cross between There Will Be Blood and Best in Show, all set around the fastest growing sport in America — pickleball. Based on......

Tech stocks are mired in their longest weekly losing streak since dot-com bust

CNBC
CNBC – For more and to sign up click here Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest......

U.S. weekly jobless claims rise; continuing claims lowest since 1969

Reuters
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase 21,000 to 218,000 Continuing claims drop 25,000 to 1.317......

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

CNBC Real Estate
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total......

Asian shares trim weekly losses, dollar steady near 20-year highs

Reuters
A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo April 7, 2015. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan +1.5%, Nikkei +2.61% Shares set for second week of losses on inflation, tightening worries Dollar remains......

U.S. weekly jobless claims rise; productivity plunges at fastest pace in 74 years

Reuters
Weekly jobless claims increase 19,000 to 200,000 Continuing claims fall 19,000 to 1.384 million Productivity plunges at 7.5% rate in first quarter WASHINGTON, May 5 (Reuters) – New claims for U.S. unemployment benefits increased to a more than two-month high last week, but remained at a level consistent with tightening......

Weekly mortgage demand rose for the first time since early March last week, but it won’t last

CNBC Real Estate
Real estate listings Adam Jeffery | CNBC A brief calm in the midst of a rising interest rate storm boosted weekly mortgage demand ever so slightly last week, but it is unlikely to be the start of a new trend. Rates have already moved sharply higher this week. Total mortgage......

WHO says weekly Covid deaths have dropped to lowest level since March 2020

CNBC
CNBC – For more and to sign up click here The World Health Organization on Tuesday said weekly new Covid deaths have fallen to the lowest level since March 2020, but warned a global decline in testing for the virus could hinder its efforts to fight the pandemic. The world......

Oil falls, posts nearly 5% weekly loss on growth concerns

Reuters
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register IMF warns of further cuts to global growth forecasts Shanghai lockdown raises concern over Chinese demand Fed Chair......

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