Key PointsLONDON — European markets closed slightly lower on Friday as global stocks searched for direction to end the week, with investors monitoring a slew of economic data and corporate earnings.The index provisionally ended the session down by 0.2%, with the health care sector falling 1.1% while most major bourses entered negative territory. The pan-European benchmark was down 0.8% on the week.Shares in on Friday, while rebounded after a sell-off on Thursday amid reports that the White House is considering a capital gains tax hike.In Europe, IHS Markit's showed the economic recovery...…Key PointsLONDON — European markets closed slightly lower on Friday as global stocks searched for direction to end the week, with investors monitoring a slew of economic data and corporate earnings.The index provisionally ended the session down by 0.2%, with the health care sector falling 1.1% while most major bourses entered negative territory. The pan-European benchmark was down 0.8% on the week.Shares in on Friday, while rebounded after a sell-off on Thursday amid reports that the White House is considering a capital gains tax hike.In Europe, IHS Markit's showed the economic recovery...WW…

Business News and FinanceVIEW IN APPKEY POINTS New U.S. sanctions on Russia are "mostly symbolic" and will have minimal impact on markets and the macroeconomic outlook, economists have suggested. announced a raft of new sanctions against Moscow over 2020 election interference, a huge cyberattack on U.S. government and corporate networks, illegal annexation and occupation of Ukraine's Crimea, and human rights abuses.Sanctions targeted 16 entities and 16 individuals accused of attempting to influence the 2020 U.S. presidential election, along with five individuals and three entities...…Business News and FinanceVIEW IN APPKEY POINTS New U.S. sanctions on Russia are "mostly symbolic" and will have minimal impact on markets and the macroeconomic outlook, economists have suggested. announced a raft of new sanctions against Moscow over 2020 election interference, a huge cyberattack on U.S. government and corporate networks, illegal annexation and occupation of Ukraine's Crimea, and human rights abuses.Sanctions targeted 16 entities and 16 individuals accused of attempting to influence the 2020 U.S. presidential election, along with five individuals and three entities...WW…

Key PointsHaving long been at loggerheads over , and , the world's foremost economic superpowers are turning their attention to as the next path to commercial supremacy. China outspent the U.S. by nearly 2-to-1 on energy transition-related investment between 2010 and 2020, according to BNEF data cited by Bank of America's ESG Research team in a report last month.13 hours agoPressure points including "supply chain dominance, domestic-focused manufacturing policies, human rights-related laws and carbon-related trade tariffs," BofA analysts said.BofA managing director of research Haim...…Key PointsHaving long been at loggerheads over , and , the world's foremost economic superpowers are turning their attention to as the next path to commercial supremacy. China outspent the U.S. by nearly 2-to-1 on energy transition-related investment between 2010 and 2020, according to BNEF data cited by Bank of America's ESG Research team in a report last month.13 hours agoPressure points including "supply chain dominance, domestic-focused manufacturing policies, human rights-related laws and carbon-related trade tariffs," BofA analysts said.BofA managing director of research Haim...WW…

Key PointsIn this articleWhat to know about the Archegos fallout as banks warn of lossesLONDON — and warned Monday of "significant" hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week.While neither Credit Suisse nor Nomura named the fund, it's been widely reported that Archegos Capital Management is the firm connected to the fire sale.In a trading update before the market open, Credit Suisse said a number of other banks were also affected and had begun exiting their positions with the unnamed firm. The...…Key PointsIn this articleWhat to know about the Archegos fallout as banks warn of lossesLONDON — and warned Monday of "significant" hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week.While neither Credit Suisse nor Nomura named the fund, it's been widely reported that Archegos Capital Management is the firm connected to the fire sale.In a trading update before the market open, Credit Suisse said a number of other banks were also affected and had begun exiting their positions with the unnamed firm. The...WW…

Key PointsLONDON — European markets closed higher Friday as investors reacted to a fresh batch of corporate earnings and economic data, as well as comments from U.S. Treasury Secretary calling for fiscal stimulus.The pan-European ended the session up 0.5%, with basic resources shares surging 2.8% to lead the gains as most sectors and major bourses closed in positive territory.Yellen told CNBC on Thursday that a is still necessary to get the economy firing on all cylinders again. U.S. stocks got a boost from her comments, with all the major indexes climbing.Investors have been rattled...…Key PointsLONDON — European markets closed higher Friday as investors reacted to a fresh batch of corporate earnings and economic data, as well as comments from U.S. Treasury Secretary calling for fiscal stimulus.The pan-European ended the session up 0.5%, with basic resources shares surging 2.8% to lead the gains as most sectors and major bourses closed in positive territory.Yellen told CNBC on Thursday that a is still necessary to get the economy firing on all cylinders again. U.S. stocks got a boost from her comments, with all the major indexes climbing.Investors have been rattled...WW…

Key PointsLONDON — The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since the Great Frost of 1709, as the coronavirus pandemic ravaged economic activity.In the final quarter of the year, gross domestic product grew by 1%, according to the Office for National Statistics, as the country reimposed nationwide lockdown measures in a bid to combat a resurgence of Covid cases.The 9.9% annual contraction is more than twice that seen in 2009 in the aftermath of the global financial crisis, and narrowly worse than the 9.7% slump during the crisis of 1921.Economists polled...…Key PointsLONDON — The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since the Great Frost of 1709, as the coronavirus pandemic ravaged economic activity.In the final quarter of the year, gross domestic product grew by 1%, according to the Office for National Statistics, as the country reimposed nationwide lockdown measures in a bid to combat a resurgence of Covid cases.The 9.9% annual contraction is more than twice that seen in 2009 in the aftermath of the global financial crisis, and narrowly worse than the 9.7% slump during the crisis of 1921.Economists polled...WW…

Key PointsLONDON — European stocks closed mixed Friday as investors looked to vaccine rollouts for hopes of normalization, while global markets flirted with record highs.The pan-European finished flat in Europe, with banks climbing 1% to lead gains and telecoms falling 0.8%. For the week, the index closed up 3.45% aided by a week-long rally in Italian assets.Corporate earnings season continued to drive individual share price movement, with , , and all reporting before the bell on Friday. BNP Paribas posted a net income of 1.59 billion euros ($1.90 billion) for the fourth quarter of 2020,...…Key PointsLONDON — European stocks closed mixed Friday as investors looked to vaccine rollouts for hopes of normalization, while global markets flirted with record highs.The pan-European finished flat in Europe, with banks climbing 1% to lead gains and telecoms falling 0.8%. For the week, the index closed up 3.45% aided by a week-long rally in Italian assets.Corporate earnings season continued to drive individual share price movement, with , , and all reporting before the bell on Friday. BNP Paribas posted a net income of 1.59 billion euros ($1.90 billion) for the fourth quarter of 2020,...WW…

Key PointsDespite nationwide protests against the detention of Alexei Navalny, Russian assets are poised to deliver good value to investors, according to Kevin Daly, co-head of CEEMEA research at .Navalny, a Russian opposition leader and longtime critic of President Vladimir Putin, is facing a court hearing on Tuesday that could see him imprisoned for more than three years, and a government crackdown on protests in recent days has triggered talk of international sanctions.a day agoAlthough acknowledging that there is "no easy resolution" to the political problems in Russia, as in recent...…Key PointsDespite nationwide protests against the detention of Alexei Navalny, Russian assets are poised to deliver good value to investors, according to Kevin Daly, co-head of CEEMEA research at .Navalny, a Russian opposition leader and longtime critic of President Vladimir Putin, is facing a court hearing on Tuesday that could see him imprisoned for more than three years, and a government crackdown on protests in recent days has triggered talk of international sanctions.a day agoAlthough acknowledging that there is "no easy resolution" to the political problems in Russia, as in recent...WW…

Key PointsLONDON — European markets closed lower Friday as market jitters persisted over a retail trading frenzy that has rocked Wall Street.The pan-European ended the session down by 1.9%, with retail stocks shedding 2.6% to lead losses as all sectors slid into negative territory.Sentiment has been jolted by a surge in speculative trading from retail investors, and several e-brokers  the deliberate buying of heavily-shorted names on Thursday after a week of huge and seemingly synthetic moves in , spurred by Reddit group WallStreetBets.U.S. stocks fell sharply on Friday after...…Key PointsLONDON — European markets closed lower Friday as market jitters persisted over a retail trading frenzy that has rocked Wall Street.The pan-European ended the session down by 1.9%, with retail stocks shedding 2.6% to lead losses as all sectors slid into negative territory.Sentiment has been jolted by a surge in speculative trading from retail investors, and several e-brokers  the deliberate buying of heavily-shorted names on Thursday after a week of huge and seemingly synthetic moves in , spurred by Reddit group WallStreetBets.U.S. stocks fell sharply on Friday after...WW…

Skip NavigationKey PointsA help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesAl Drago | Bloomberg | Getty ImagesInflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP.Last year, with inflation spiraling out of control across major...…Skip NavigationKey PointsA help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesAl Drago | Bloomberg | Getty ImagesInflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP.Last year, with inflation spiraling out of control across major...WW…