Economy

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Economy

May 12, 2026

Kremlin plays down Russian economic forecast downgrades

MOSCOW, May 12 (Reuters) – The Kremlin played down a government economic growth forecast downgrade on Tuesday and gave no indication that it plans to punish officials for failing to boost growth,

Economy

May 12, 2026

Analysis-US credit markets defy war risks as cash drives rally

NEW YORK, May 12 (Reuters) – U.S. corporate bond markets are on a roll, with investment-grade credit spreads tightening, issuance rising and solid-looking economic fundamentals encouraging investors to put their cash to

Economy

May 12, 2026

New York hospital system receives grand jury subpoena in US transgender care probe

May 12 (Reuters) – NYU Langone Health, one of New York City’s major hospital networks, said it received a federal grand jury subpoena from the U.S. Department of Justice seeking information concerning

Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday

The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank’s next leader.

May 12, 2026

Economy

TSX slides amid Middle East tensions, U.S. inflation data

By 12:30 ET (17:30 GMT), the S&P/TSX 60 index was down 6.2 points or 0.3%. The Toronto Stock Exchange’s S&P/TSX composite index is down 145.9 points or 0.4%. The Toronto Stock Exchange’s S&P/TSX

May 12, 2026

Economy

Stock Market Top Trader Looks at Projected Ticker Numbers and Graphs Running, Analysing Data to Make Best Sell. Behind Him Room Full of Screens and Statistics.

Oil prices rise, but U.S. stocks inch to more records

Oil prices rose Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market nevertheless inched toward more records. The price for a barrel of Brent

May 12, 2026

Economy