NEW YORK—Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence. Following a months-long drubbing, the S&P 500 delivered its best weekly gain since November 2020 as investors cheered increased clarity on monetary policy…
After Sizzling Rebound, Investors Weigh Whether Stocks Have More Bounce
How Inflation Is Impacting Americans’ Ability to Save
Inflation hit a 40-year-high in February, reaching 7.9 percent annually and reflecting another month of higher prices across the board for Americans. Some sectors rose at a faster pace than others, with the cost of gas, shelter, and food up the most. Fuel shot up more than 43 percent, as those filling up saw continued…
How Inflation Is Affecting Americans’ Ability to Save
Inflation hit a 40-year-high in February, reaching 7.9 percent year-over-year and reflecting another month of higher prices across the board for Americans. Some sectors rose at a faster pace than others, with the cost of gas, shelter, and food up the most. Fuel shot up by more than 43 percent, as those filling up saw continued…
US–China Talks Collapse in Rome Contributes to a Global Chinese Capital Sell-Off
March 20, 2022
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Business & EconomyChinaChina Business & Economychina-russia relationseconomic policieseconomyInvestmentMarketsUS-China relations
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Talks between China and the United States broke down in Rome, Italy triggered a wave of Chinese capital sell-offs. U.S. national security adviser Jake Sullivan and Yang Jiechi, a member of the Politburo of the Chinese Communist Party (CCP) Central Committee, met for seven hours on March 14 in Rome. U.S. officials are deeply concerned…
How to Play Bank Stocks Now That Interest Rates Are Rising
Bank stocks have underperformed since Russia launched its invasion of Ukraine in late February. Despite the recent weakness, Bank of America analyst Ebrahim Poonawala said this week the interest rate environment is paying out even better than expected for big banks. Rates and Earnings The updated Federal Reserve dot plot projections suggest six more rate…
Biden Administration to Resume Oil and Gas Leasing on Federal Land
March 19, 2022
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Business & Economyeconomic policieseconomyExecutive Branchfederal landInvestmentMarketsoil and gas leasesPoliticsUSUS News
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The Biden administration said Friday it would resume plans for oil and gas drilling on federal lands and waters after an appeals court ruled to allow the use of an approximately fivefold higher “social cost of carbon” value in evaluating permits, according to reports. Interior Department spokeswoman Melissa Schwartz told Bloomberg and Reuters in a statement…
Russia Uses Hypersonic Missiles In Ukraine For First Time
March 19, 2022
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Business & EconomyeconomyEuropehypersonicInternationalInvestmentmissilepersonal financeRussia-Ukraine WarUkraineWorld
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Russia said on Saturday that it has used hypersonic missiles to destroy Ukrainian military assets in what marks the first time Moscow has acknowledged using this type of weapon in combat. The Russian defense ministry said in a March 19 operational update that on Friday it destroyed a large underground storage facility for missiles and aviation…
Russia Uses Hypersonic Ballistic Missiles In Ukraine For First Time
March 19, 2022
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Business & EconomyeconomyEuropehypersonicInternationalInvestmentmissilepersonal financeRussia-Ukraine WarUkraineWorld
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Russia said on Saturday that it has used hypersonic missiles to destroy Ukrainian military assets in what marks the first time Moscow has acknowledged using this type of weapon in combat. The Russian defense ministry said in a March 19 operational update that on Friday it destroyed a large underground storage facility for missiles and aviation…
Burger King Owner Claims Russian Operator Is ‘Refusing’ to Shut Restaurants
The owner of fast food restaurant Burger King has claimed that its independent operator in Russia is “refusing” to allow it to close its restaurants within the country. Burger King, which is owned by Restaurant Brands International (RBI) and has around 800 fully franchised outlets in Russia, announced on March 10 that it had decided…
FedEx Shares Slip as Profit Growth Misses Street Target
U.S. delivery firm FedEx Corp. posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets. Shares of FedEx fell 3.5 percent to $219.90 in extended trading. E-commerce shipments fueled revenue at FedEx and United Parcel Service during the COVID-19 pandemic, but…
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