Oil Holds Modest Loss as Risk-Off Tone Counters Lower Stockpiles
Oil was little changed near $88 a barrel as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
Oil was little changed near $88 a barrel as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.
Nasdaq Inc.’s profit fell for the first time in a year as firms continue to wait for the economy to stabilize before going public.
Treasuries slid as investors focused on signs of sticky price pressures in a reading of first-quarter US economic growth data, further dimming the outlook for the pace of Federal Reserve rate cuts to come this year.
Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of one of its best-known handbags to more than €10,000 ($10,725).
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