Market News

    U.S. dollar rises on weaker euro, Fed policy; stocks gain

    NEW YORK (Reuters) - The U.S. dollar held near a one-week high against a basket of major currencies on Thursday following an interest rise by the Federal Reserve on Wednesday, while robust economic growth and a rally in the shares of Apple Inc and Amazon.com Inc boosted the U.S. stock market.

    Oil prices surge as Saudis, Russia won't open spigots

    NEW YORK (Reuters) - Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply.