LONDON/SYDNEY—World stocks were heading on Friday for a 1 percent loss on the week, drifting from recent two-month highs after U.S. Federal Reserve officials fired more warning shots on interest rates, while the U.S. bond yield curve priced for a recession. The dollar and bond yields rose after St. Louis Fed President James Bullard said…
World Stocks Eye 1 Percent Weekly Loss, US Yield Curve Indicates Recession
Stocks Fall as Fed Signals Rates Need to Go Still Higher
Stocks closed lower on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control. The S&P 500 fell 0.3 percent, with retailers and banks among the biggest weights on the benchmark…
Wall Street Opens Lower After Mixed Economic Data, Hawkish Fed Comments
Wall Street’s main indexes opened lower on Thursday as mixed economic data and hawkish comments from a Federal Reserve official spurred concerns that the U.S. central bank would not tone down its aggressive stance on interest rate hikes. The Dow Jones Industrial Average fell 224.6 points, or 0.67 percent, at the open to 33329.27. The…
Vegan ESG Investors Want Plant-Based Food Options in America’s Hospitals
Environmental, social, and governance (ESG) investing continues to reshape America’s private sector. It may soon help dictate the food served at a hospital near you. The boards of directors for several major American healthcare companies have been sent shareholder proposals from proxy-holders of U.S. Climate Vegan ETF, an exchange-traded fund from the vegan investment firm…
Dollar Bounces as US Economy Sends Mixed Signals; Sterling Slips
LONDON/SINGAPORE—The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound changed direction and slipped ahead of the government’s budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its…
Oil Falls on Easing Geopolitical Tensions, China Demand Worries
LONDON—Oil extended declines on Thursday as concerns over geopolitical tensions eased and as rising numbers of COVID-19 cases in China added to demand worries in the world’s largest crude importer. Poland and NATO said on Wednesday a missile that crashed inside NATO member Poland was probably a stray fired by Ukraine’s air defenses and not…
Shares and Pound Splutter Ahead of UK Budget
LONDON—Nagging recession and interest rate worries had Europe’s markets spluttering on Thursday, and the pound started to sag as Britain looked to put last month’s disastrous fiscal experiment behind it with an austere-looking budget. Trading got off to a choppy start as optimism about Siemens’ earnings and that the European Central Bank might slow its…
Wall Street Slips as Target Stumbles and Weighs on Retailers
Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 lost 0.8 percent Wednesday. The Nasdaq fell 1.5 percent, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower. Target fell sharply after delivering a dismal financial report. Target also…
How Does Tax-Loss Harvesting Work—and Is It for You?
If you have a portfolio and have sold any stocks at a profit this year, you might be looking for a way to offset the capital gains tax. That’s where tax-loss harvesting comes into play. It’s a way of selling investments that helps you lessen the capital gains tax blow. But what is tax-loss harvesting,…
Wall Street Opens Lower on Grim Sales Outlook From Target
Wall Street’s main indexes opened lower on Wednesday after top retailer Target’s dour holiday forecast stoked fears of inflation hurting a crucial business season for retailers. The Dow Jones Industrial Average fell 38.0 points, or 0.11 percent, at the open to 33,554.93. The S&P 500 fell 14.9 points, or 0.37 percent, at the open to…
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