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  • Yahoo Finance

    Stock market today: S&P 500 slides for 5th-straight day

    Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.

  • Associated Press Finance

    World Bank's Banga wants to make gains in tackling the effects of climate change, poverty and war

    There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation pandemic, climate disasters and Russia's invasion of Ukraine. Factor in the Israel-Hamas war and rising tensions between powerful nations, and today's agenda is even fuller as the World Bank and the International Monetary Fund hold their spring meetings in Washington this week. “The world’s intertwined challenges of poverty — which clearly we have seen great setbacks over the past few years — combined with fragility and conflict and violence, combined with climate change, is coming into a perfect storm,” Banga said in an interview with The Associated Press.

  • Reuters

    US STOCKS-Stocks end near flat as investors asses earnings, data

    U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, as weekly initial unemployment claims were unchanged from the prior week at 212,000 while a gauge of manufacturing in the mid-Atlantic region rose to a two-year high. The solid labor market, recent reading showing sticky inflation, and comments from Fed officials including Chair Jerome Powell have led markets to back off expectations the central bank would cut interest rates by at least 25 basis points (bps) at its June meeting.