Latest Market News
Gold futures ended lower on Thursday, pressured by remarks from Federal Reserve Chairman Jerome Powell that implied the central bank will continue to boost interest rate as it attempts to bring down inflation. U.S. initial jobless claims fell last week to a three-and-a-half-month low, “underscoring a robust jobs market even as the Fed launches monetary […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C.
Oil futures ended higher on Thursday, with prices “near-term oversold,” following Wednesday’s “multi percentage-point drop to multi-month lows,” said Tyler Richey, co-editor at Sevens Report Research. Gains for oil came despite a report from the Energy Information Administration that showed an 8.8 million-barrel weekly rise in U.S. crude inventories. October WTI crude CLV22, +3.06% climbed […]
The British pound showed little movement Thursday after the death of Queen Elizabeth II at the age of 96. The pound GBPUSD, +0.73% traded at $1.1508 versus the U.S. dollar, down 0.2% on the day. The 96-year old monarch, who ruled the UK for 70 years, died peacefully at Balmoral Castle, according to an announcement […]
Queen Elizabeth II has died at her Balmoral home in Scotland, the Royal Family announced on Thursday. The 96-year old monarch, who ruled the U.K. for 70 years, died peacefully, according to the brief statement, which was read out by the BBC. King Charles and the Royal Consort Camilla Parker-Bowles will remain at Balmoral this […]
White House press secretary Karine Jean-Pierre offered a reaction on Thursday following news that Queen Elizabeth II has died, saying “our hearts go to the people of the United Kingdom, to the queen and to her family.” Jean-Pierre suggested President Joe Biden will have a message, telling reporters that she didn’t want to “get ahead […]