Wall St drops at open as strong inflation stokes rate hike fears

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes opened lower on Wednesday after stronger-than-expected inflation data fueled fears of

Asia shares wallow near one-month lows on inflation anxiety

SYDNEY (Reuters) – Asian shares languished near one-month lows on Wednesday as investors speculated surging commodity prices and growing inflationary pressure in the United States could lead to earlier rate hikes and higher bond yields globally.FILE PHOTO: TV camera men

Wall Street closes lower as inflation jitters spark broad sell-off

NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday as rising commodity prices and labor shortages fed fears that despite reassurances from the U.S. Federal Reserve, near-term price spikes could translate into longer-term inflation.FILE PHOTO: People are seen on

How a major oil pipeline fell victim to a cyber attack

It took just two hours for cyber criminals to steal almost 100 gigabytes of data from one of the biggest energy pipelines in the US. On Friday, a shadowy criminal gang, known as Darkside, was able to use that data

Dow hits all-time highs as materials, energy stocks rise

The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid(Reuters) – The Dow Jones Industrials hit a record high on Monday on optimism that interest rates would remain

A2 shares slump after big earnings downgrade, resignation

Shares in a2 Milk tumbled after the alternative dairy company slashed its revenue and earnings forecasts for the 2021 financial year. It was the company’s fourth consecutive earnings downgrade. In the first few minutes of trade, a2 Milk shares were

Why the young in US are quitting their jobs

(NYTIMES) – Something strange is happening to the exhausted, millennial workers of America. After a year spent hunched over their MacBooks, enduring back-to-back Zooms in between sourdough loaves and Peloton rides, they are flipping the carefully arranged chessboards of their