Stocks Finish Higher After Omicron-Driven Selloff
U.S. stocks rallied, bouncing back from Wednesday's decline and extending this week's volatile trading. Treasury yields rose.
Fed's Bostic Wants to Accelerate Pace of Bond Buying Taper
Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday he would like to get the central bank in position to raise its short-term interest rate target next year if inflation pressures don't retreat from currently high levels.
OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices
The producers agreed to continue pumping more crude, sticking to a long-term plan despite new worries over demand raised by the Omicron coronavirus variant.
Whether Omicron Wreaks Havoc or Not, the U.S. Dollar Is a Buy
The greenback should do well if the economy shrugs off the new Covid-19 variant, or serve as a haven if it doesn't.
Germany Restricts Social Contact for Unvaccinated People
Germany is tightening restrictions aimed at curbing the spread of the coronavirus amid a recent surge in cases, including a ban for unvaccinated people from retail and social gathering venues.
Low Initial Jobless Claims Reflect Tight Labor Market
Initial jobless claims, a proxy for layoffs, totaled a seasonally adjusted 222,000 last week, following the prior week's report showing the lowest number in 52 years.
House Approves Funding Bill in Bid to Avert Government Shutdown
Some GOP lawmakers push for amendment objecting to vaccine rules for employers.
Metaverse Lures Investors as Promising Yet Uncertain New World
Exchange-traded funds have sprung up to cater to growing appetite for metaverse investments.
The Scramble for EV Battery Metals Is Just Beginning
Global miners have an opportunity to sell ESG-friendly natural resources to the automotive and energy industries, but it will require investment.
HSBC, Credit Suisse, Others Fined for 'Sterling Lads' Currency Cartel
EU authorities fined four banks close to $400 million for manipulating the foreign-currency market by exchanging sensitive information and trading plans, including through an online chat room.
(END) Dow Jones Newswires
12-02-21 1915ET
