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Oil drops with dollar on recession fears; Wall Street ends mixed

Oil hits pre-Ukraine lows as demand outlook worsens Bank of England expects recession throughout 2023 Treasury yield curve inversion deepens Dollar drops; sterling slides against euro OTTAWA, Aug 4 (Reuters) – Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England’s warning of a drawn-out …

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Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week. …

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Stocks and bond yields fall on Taiwan tensions

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register MSCI World Index falls 0.4% Bond yields …

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JetBlue, Spirit near takeover deal that could come on Thursday-source

July 28 (Reuters) – JetBlue Airways Corp (JBLU.O) is nearing a deal to buy Spirit Airlines (SAVE.N) that could be announced as soon as Thursday, a source familiar with the matter said, after Spirit canceled its $2.7 billion sale to Frontier Group Holdings (ULCC.O). The latest developments mark a victory for JetBlue in its months-long …

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