recession – Page 70 – XtremeCuztoms

Wall Street Opens Mixed and Is Headed for a Losing Week

NEW YORK—Stocks are off to a mixed start on Wall Street, keeping the market on track for a losing week after rallying for the first two weeks of the year. The S&P 500 was just barely higher in the early going Friday, and the tech-heavy Nasdaq composite was up 0.4 percent. The Dow slipped 0.1…

Dollar Edges Higher as Economic Storm Clouds Gather

LONDON—The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of profit-taking forced the yen to retreat. The dollar edged up 0.2 percent against a basket of other major currencies to 102.17, holding narrowly above Wednesday’s seven-month lows….

Oil Heads for 2nd Week of Gains on China Demand Outlook

LONDON—Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the…

World Markets Rise After Recession Fears Pull Wall Street Lower

BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession. U.S. futures were little changed while oil prices advanced. Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation…

Jamie Dimon Says That Interest Rates Will Rise Above 5 Percent Because of ‘Underlying Inflation’

JPMorgan Chase CEO Jamie Dimon believes U.S. interest rates will likely rise above 5 percent because of “underlying Inflation.” This is higher than what the Federal Reserve is currently projecting, as inflation remains stubbornly high. The Fed has raised its benchmark interest rate in December to a targeted range of 4.25–4.5 percent, the highest level in 15 years, in order…

Commentary At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration. But the…

Wall Street Opens Lower Amid Recession Worries

U.S. stock indexes opened lower on Thursday as recession worries resurfaced, while shares of Procter & Gamble fell as it warned of cost pressures. The Dow Jones Industrial Average fell 125.61 points, or 0.38 percent, at the open to 33,171.35. The S&P 500 opened lower by 17.02 points, or 0.43 percent, at 3,911.84, while the…

Dollar Slips After Weak Data While Yen Rebounds

SINGAPORE/LONDON—The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. U.S. data released on Wednesday showed retail sales fell by the most in a year in December and…

XtremeCuztoms

Tag: recession

Wall Street Opens Mixed and Is Headed for a Losing Week

Dollar Edges Higher as Economic Storm Clouds Gather

Oil Heads for 2nd Week of Gains on China Demand Outlook

World Markets Rise After Recession Fears Pull Wall Street Lower

Fed Policymakers Foresee Need for More Rate Hikes to Control Inflation

Jamie Dimon Says That Interest Rates Will Rise Above 5 Percent Because of ‘Underlying Inflation’

Biden Admin Finally Admits Its Mistake in Canceling the Keystone XL Pipeline

Wall Street Opens Lower Amid Recession Worries

Dollar Slips After Weak Data While Yen Rebounds

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