Tag: stocks

Dow Dives Nearly 1,300 Points After Red-Hot Inflation Report

Wall Street’s main stock indexes plunged on Sept. 13 after government data showed inflation coming in hotter than expected, putting investors on edge as the price data suggest the Federal Reserve will remain on a hawkish tilt and keep tightening aggressively. The annual inflation rate, as measured by the Consumer Price Index (CPI), clocked in…


‘E’ in ESG Is a Trojan Horse for Radical Social Ideologies: W. Virginia’s Treasurer

West Virginia’s status as a coal-producing state has pitted it against the “E” in the environmental, social and governance (ESG) movement. Yet, the “S” and “G” may cause problems too, according to West Virginia Treasurer Riley Moore. Moore spoke with EpochTV’s Jan Jekielek on Sept. 12 at the National Conservatism Conference (NatCon) in greater Miami….


Wall Street Should Be Honest About the ‘G’ in ESG Investing

Commentary Note: This is the third of a three part series on ESG—environmental, social, and governance—investing.  Two previous columns addressed the environmental and social elements of ESG investing. Here, we discusses the last element, corporate governance. In this third discussion of ESG investing, we see how governance—as with “social”—arises not from what it was intended…


Oil Slips After Bearish US Economic Data

LONDON—Oil prices eased on Tuesday, reversing earlier gains, as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week. Brent crude was down 80 cents, or 0.9 percent, to $93.20 a barrel at 1254 GMT, while WTI crude fell 77 cents, or…


Stocks Tumble After Inflation Stays Hotter Than Expected

NEW YORK—Stocks are tumbling and disappointment is shaking markets worldwide Tuesday, following Wall Street’s realization that inflation isn’t slowing as much as hoped. The S&P 500 sank 2.3 percent in early trading Tuesday, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher, after a report showed inflation decelerated…


Wall Street Slumps at Open After Hot Inflation Data

Wall Street’s main indexes opened sharply lower on Tuesday after data showed monthly U.S consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week. The Dow Jones Industrial Average fell 374.84 points, or 1.16 percent, at the open to 32,006.50. The S&P 500 opened…


How Major US Stock Indexes Fared Monday Sept. 12, 2022

Stocks rose again on Wall Street ahead of a high-stakes report that will hopefully show inflation hammered the economy less hard last month. The S&P 500 climbed 1.1 percent Monday, while gains for tech companies pushed the Nasdaq up a bit more. Traders are making their final moves before a report on Tuesday that’s expected…


At NatCon, a Populist–Libertarian Clash on ESG Investment

It’s no surprise that the environmental, social, and governance (ESG) investment movement was a topic at the third National Conservatism Conference in greater Miami. Experts on a Sept. 11 ESG panel wondered aloud whether the letters actually stand for “evil, stupidity, and grift.” “It’s probably all three, by the way,” said Justin Danhof of Strive…


Capital Markets Freeze Up as Market Volatility Persists

It’s been a hard year for companies that want to raise capital. The initial public offering (IPO) market, which allows a company to raise money by selling shares to the public investors, has witnessed a sharp decline this year, following a record-breaking year in 2021. Public offerings in the United States are on track for…


Wall Street Opens Higher as Focus Shifts to Inflation Data

Wall Street’s main indexes opened higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. The Dow Jones Industrial Average rose 7.78 points, or 0.02 percent, at the open to 32,159.49. The S&P 500 opened higher by 16.31…