(Reuters) - U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of Federal Reserve rate cuts this year.
Investors acquired about $5.06 billion worth of U.S. bond funds during the week, the largest since the week ended May 8, according to LSEG data.
Benchmark U.S. 10-year Treasury yields fell to a two-month... (continue reading...)
By Michelle Price
WASHINGTON (Reuters) - Keith Gill, the office worker who shot to notoriety after his online personas and bullish bets on GameStop sparked a retail trading frenzy, appears to be re-emerging from obscurity.
Known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit's popular WallStreetBets, Gill was a key figure in the so-called "Reddit rally" in which shares of GameStop surged 1600% at one point in Jan. 2021,... (continue reading...)
(Reuters) -U.S. job growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates.
The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month, much more than the 185,000 forecast by economists polled by Reuters. Revisions showed 15,000 fewer jobs created in March and... (continue reading...)
BERLIN (Reuters) - The NATO alliance is expected to set its members more demanding targets to bolster their air defence, long-range missiles and logistics capability, a European diplomat told Reuters on Friday.
NATO has drafted the first major defence plans since the end of the Cold War, spelling out how the alliance would respond to a Russian attack.
(Reporting by Sabine Siebold; writing by Matthias Williams; editing by Miranda Murray)
By Nellie Peyton and Tannur Anders
JOHANNESBURG (Reuters) - South African opposition parties said on Friday they were waiting for more details on a proposal by the African National Congress to form a government of national unity after it lost its majority for the first time in the democratic era.
The former anti-apartheid liberation movement once led by Nelson Mandela has run South Africa since 1994. But voters, angered by years of... (continue reading...)
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