LONDON—The dollar hit the symbolic level of 150 yen for the first time since 1990 on Thursday as the greenback was supported by Treasury yields trading at multi-year highs, keeping markets on high alert for intervention from Japanese authorities. Moves among other major currencies were muted by recent standards. The euro up 0.5 percent at…
Stocks Sag, Bond Yields Firm as Yen Sinks Further
October 20, 2022
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Stocks sagged and bond yields firmed on Thursday as looming central bank rate meetings cast a shadow over largely resilient corporate earnings so far which have failed to dispel downbeat investor sentiment. The strong dollar continued to loom over currency markets, with the yen sinking to a 32-year low against the greenback. Investors braced for…
Mortgage Demand Slumps to 25-Year Low as Rates Climb
October 20, 2022
admin
30-year mortgageBusiness & Marketseconomyinterest rate hikesMarketsmortgage applicationsmortgage demandpersonal financerecessionU.S. home pricesUSUS News
0 Comment
Demand for mortgages has fallen to a multi-decade low amid rising interest rates that have hit record levels, according to the Mortgage Bankers Association (MBA). MBA’s Market Composite Index, which measures the volume of loan applications, fell 4.5 percent for the week ending Oct. 14 from a week earlier on a seasonally adjusted basis, an…
US Natural Gas Futures Tumble Due to Milder Weather and Global Price Slump
U.S. natural gas futures have been declining this week to a three-month low, after weather in North America was predicted to be milder than expected and global energy prices witnessed a slump. The decline in crude oil and European gas prices has led the decline in prices. American natural gas prices witnessed an eight week…
Majority of Americans Say They Are Suffering Financially This Year Due to Inflation
Record-high inflation is beginning to affect the majority of ordinary Americans’ standard of living this year. More than two-thirds of workers, or 72 percent, admit that they are worse off financially than than in 2021, primarily due to higher prices, according to a report by Salary Finance. This is an increase from the 55 percent…
Jeff Bezos Sours on Biden’s Economy, Says It’s Time to ‘Batten Down the Hatches’
Amazon founder Jeff Bezos has joined the ranks of corporate leaders who are sounding the alarm on the U.S. economy, warning of turbulence ahead as recession risks rise. In an Oct. 19 tweet, Bezos shared footage of Goldman Sachs CEO David Solomon predicting more market volatility in the pipeline and warning it’s likely the U.S….
Fed May Need to Push Policy Rate Above 4.75 Percent: Kashkari
The Federal Reserve may need to push its benchmark policy rate above 4.75 percent if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday. “I’ve said publicly that I could easily see us getting into the mid-4%s early next year,” Kashkari said at a panel at the Women…
Pelosi Admits Inflation Partly Caused by Biden’s Policies
House Speaker Nancy Pelosi (D-Calif.) said Tuesday that part of what’s behind the sky-high inflation bedeviling American households is due to President Joe Biden’s policies on job creation. Pelosi said during an Oct. 18 broadcast of MSNBC’s “Andrea Mitchell Reports” that “some” of the inflation in the United States came from “the fact that this…
Wall Street Drops at Open as Treasury Yields Soar
Wall Street’s main indexes opened lower on Wednesday as Treasury yields surged to 14-year highs amid rising interest rates, denting gains powered by streaming giant Netflix after it reversed customer losses. The Dow Jones Industrial Average fell 84.8 points, or 0.28 percent, at the open to 30439.04. The S&P 500 fell 16.9 points, or 0.45…
Bank of America Survey ‘Screams’ Market Capitulation in 2023, Experts Warn Worst Is Yet to Come
Strategists at Bank of America (BoA) have warned about stocks seeing a capitulation—a massive surge in selling pressure in a falling market that often leads to a dramatic decline in prices—this year. A survey of global fund managers found that their sentiment “screams macro capitulation, investor capitulation, start of policy capitulation,” BoA strategists said in…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta