Gold steadied on Thursday, after U.S. inflation data lifted prices over 1% in the previous session, as traders were cautious about the Federal Reserve's policy stance amid fears of a build-up in underlying inflation pressures.
(Reuters) -Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it.
Walt Disney Co's quarterly results show a path for signing up a quarter billion subscribers: international expansion. But furious growth in customers outside the United States is not so certain to bring bumper profits.
The U.S. dollar held near a two-decade high on Wednesday after U.S. inflation moderated less than markets had expected, keeping the Federal Reserve on course to tighten policy aggressively.
Oil prices eased in early Asian trade on Thursday, taking a pause after rising more than 5% in the previous session following new Russian sanctions on some European gas companies.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
