Oil falls and rate-hike bets are questioned after Democratic sweep
A Democratic win in both chambers of Congress sent oil sharply lower and led market watchers to question next year's…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Fed’s Williams: US inflation too high, must return to 2%
New York Fed President John Williams said US inflation is too high and must return to 2%. He added that…
UK house prices fall 0.6% in October, steepest drop in more than three years
UK house prices fell 0.6% in October, the steepest monthly drop in more than three years and the fourth decline…
Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs
A global equity selloff led by technology stocks has erased year-to-date gains at many hedge funds. Some managers are cutting…
Japan’s GPIF posts $33.3 billion quarterly loss as foreign bonds slide
Japan's Government Pension Investment Fund lost 5.25 trillion yen ($33.3 billion) in the September quarter. Rising global bond yields and…
