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Oil market jumps on Yemen unrest

published about 3 hours ago
Oil market jumps on Yemen unrest
World oil prices rose sharply this week as Saudi Arabian jets struck rebel targets in Yemen, sparking fresh supply fears in the crude-rich Middle East. Many commodities were also buoyed as weak US data sent the dollar sliding, denting confidence in the world's top economy and throwing into question the timeline for a long-awaited Federal Reserve interest rate hike. OIL: Prices rallied on Wednesday and Thursday after a Saudi Arabia-led coalition bombed Huthi Shiite rebels in support of Yemen's embattled ... more

US stocks snap 4-day slide

published about 4 hours ago
US stocks snap 4-day slide
New York (AFP) - Wall Street stocks rose Friday, snapping a four-day losing streak as traders shrugged off weaker-than-expected US economic growth in the fourth quarter.

Yellen: A rate increase may be warranted later this year

published about 5 hours ago
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.

Fed's Janet Yellen Pitches Cautious Tack on Rate Increases

published about 5 hours ago
Federal Reserve Chairwoman Janet Yellen laid out a case for a “gradualist approach” to interest-rate increases in the years ahead, spelling out in greater detail than she has before the risks of moving too aggressively to tighten U.S. credit.

How Wall Street Helps Tech Workers Cash In

published about 5 hours ago
Financial firms are creating a murky, ad hoc market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.