Wall Street’s main indexes opened sharply lower on Thursday, with the Nasdaq leading the losses, after data showed a bigger-than-expected rise in consumer prices last month, giving more ammunition to the Federal Reserve to stick to aggressive rate hikes. The Dow Jones Industrial Average fell 455.0 points, or 1.56 percent, at the open to 28755.83….
Oil Prices Rise on Tight Supplies, as IEA Warns of Global Recession
October 13, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices firmed on Thursday, finding continued support from an OPEC+ decision last week to cut supplies, as the International Energy Agency warned that those cuts may push the global economy into recession. Brent crude futures rose 49 cents, or 0.5 percent, to $92.94 a barrel by 0833 GMT. U.S. West Texas Intermediate crude was…
World Stocks Slip to Near 2-year Low Ahead of US CPI Data
October 13, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—World stocks slipped to a near 2-year low and Japan’s yen was pinned near 1998 levels on Thursday, as investors braced for key U.S. inflation data later likely to shape the size of the Federal Reserve’s next interest rate hike. Global markets have suffered a torrid few weeks and there was little sign of respite…
Wall Street’s ‘Fear Gauge’ Flashes Warning Signs
The CBOE Volatility Index (VIX), Wall Street’s “fear gauge,” is beginning to flash warning signs regarding the markets. Wall Street has witnessed losses over recent weeks, as inflation remains high and the Federal Reserve shows no intention of backing down on raising interest rates. The labor market remains tight and wholesale prices climbed for the first…
Late Slide Sends Wall Street Lower in More Uncertain Trading
A wobbly day of trading on Wall Street ended with a modest pullback for stocks Wednesday as investors weighed a report showed that inflation remains very hot, likely paving the way for more aggressive interest rate hikes by the Federal Reserve. A late-afternoon drop erased tentative gains that the major stock indexes had been clinging…
5 Investments Likely to Thrive in a Downturn
October 12, 2022
admin
Alternative InvestmentsBrightdefensive stocksinvestinginvestmentspersonal financePrecious Metalsreal estatestocksWarren Buffett
0 Comment
Whether you’re a business owner or concerned about your personal finances, you’ve likely been tuned in to current news about the economic status of the country. There’s been a lot of talk about recessions and at-risk investments in the past few months. Whether we’re in one, about to enter one, or far away from one,…
How Major US Stock Indexes Fared Wednesday Oct. 12, 2022
Stocks ended a wobbly day lower on Wall Street after a late-afternoon drop erased the tentative gains major indexes had been clinging to for much of the day. The S&P 500 gave back 0.3 percent Wednesday, its sixth consecutive loss. The Dow and Nasdaq ended with smaller losses. Yields on the 2-year and 10-year Treasury…
PepsiCo Signals Resilient Demand as Price Increases Boost Forecasts
PepsiCo Inc. on Wednesday raised its annual forecasts for revenue and profit on the back of fresh price increases for its sodas and snacks to battle runaway costs while signaling resilient demand. Shares rose 4 percent after the company also beat third-quarter estimates that comes amid gloomy expectations for corporate results due to surging inflation…
S&P 500, Nasdaq Open Higher After Selloff, Inflation Worries Weigh
The S&P 500 and the Nasdaq rose at the open on Wednesday, but the gains were capped by worries around the rising chances of more jumbo-sized rate hikes following a higher-than-expected rise in producer prices in September. The Dow Jones Industrial Average fell 6.1 points, or 0.02 percent, at the open to 29,233.06. The S&P…
Yen Weakens to New 24 Year Low; Sterling Cautiously Rebounds
October 12, 2022
admin
Business & Marketscryptocurrencyeconomic policieseconomyenergyForexglobalinflationMarketsrecessionstocks
0 Comment
LONDON/TOKYO—The dollar scaled new 24-year highs versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month, while investors in sterling were left scratching their heads about the Bank of England’s next steps. The dollar rose 0.48 percent to as much as 146.6 yen, with a fifth straight session of…
-
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