New EU sanctions to hit Russian oil, target more banks

BRUSSELS (Reuters) -The European Union will slap new sanctions on Russia for waging war against Ukraine, targeting Moscow's oil industry, more Russian banks and those responsible for disinformation, the EU's top diplomat said on Tuesday.

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03-05-2022

Wall Street struggles for direction as Fed decision looms

U.S. stock indexes were mixed on Tuesday as financial shares rose and megacap growth stocks slid, with investors bracing for a big interest rate hike by the Federal Reserve this week to tame surging prices.

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03-05-2022

EU's Borrell says new Russia sanctions to hit oil, cut more banks from SWIFT

The European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow's oil industry, more Russia banks and those responsible for disinformation, the bloc's top diplomat said on Tuesday.

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03-05-2022

Paramount misses quarterly revenue estimate, but streaming grows

(Reuters) -Paramount Global reported forecast-missing quarterly revenue on Tuesday that sent its shares down 6%, but the media giant still added millions of streaming subscribers.

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03-05-2022

U.S. job openings hit record high of 11.5 million in March

U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high.

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03-05-2022

Dollar dips before Fed announcement, Aussie gains after rate hike

The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve's expected move to hike rates this week and beyond was already priced in.

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03-05-2022

Facebook-owner Meta opens access to AI large language model

Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research, the social media company said on Tuesday.

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03-05-2022

DuPont flags slow sales volumes in Q2 as global supply chain issues bite

(Reuters) -Industrial materials maker DuPont de Nemours said it expects slower sales volume growth and sequential margin contraction in the current quarter as COVID-related shutdowns in China further pressured an already tight supply chain.

newspaper

03-05-2022

Wall Street mixed at open as earnings disappoint

U.S. stock indexes were mixed at the open on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.

newspaper

03-05-2022