Oil Holds Modest Loss as Risk-Off Tone Counters Lower Stockpiles
Oil was little changed near $88 a barrel as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
Oil was little changed near $88 a barrel as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.
Nasdaq Inc.’s profit fell for the first time in a year as firms continue to wait for the economy to stabilize before going public.
Treasuries slid as signs of sticky price pressures in a reading of first-quarter US economic growth further dimmed the outlook for the pace of Federal Reserve interest-rate cuts.
Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of one of its best-known handbags to more than €10,000 ($10,725).
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