Tag: Markets

Bank of America Strategists Expect Economic ‘Hard Landing’ to Pummel Markets

February 17, 2023
Bank of AmericaBusiness & Marketseconomic policieseconomyinflationinterest rateInvestmentMarketsPolicies & ImpactsrecessionUSUS News
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Bank of America strategists are expecting an economic “hard landing” to pummel the markets at the end of the year, due to a resilient U.S. economy. Economists are beginning to fear that a delayed recession in the second half of 2023 will be harsh on stocks, since the current state of the American economy is keeping…

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Wall Street Opens Lower as Fears of Hawkish Fed Grow

February 17, 2023
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main stock indexes opened lower on Friday on worries that accelerating inflation in the face of a sturdy U.S. economy could prompt the Federal Reserve to err on the side of caution by keeping monetary policy restrictive through the year. The Dow Jones Industrial Average fell 19.84 points, or 0.06 percent, at the…

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Stock Futures Slide After Hot Inflation Report Sparks Worst Wall Street Drop in 4 Weeks

February 17, 2023
Business & MarketseconomyinflationMarketsstocksUSWall Street
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U.S. stock futures and world shares fell on Friday morning after Wall Street’s main indexes suffered their biggest decline in four weeks on Thursday sparked by a hot inflation report and hawkish comments by Federal Reserve officials and investment bank bets on bigger interest rate hikes. On Friday morning, shares slipped in Europe and Asia,…

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Stocks Open Lower After Hot Inflation Report Sparks Worst Wall Street Drop in 4 Weeks

February 17, 2023
Business & MarketseconomyinflationMarketsstocksUSWall Street
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U.S. stocks opened lower on Friday after Wall Street’s main indexes suffered their biggest decline in four weeks on Thursday, sparked by a hot inflation report and hawkish comments by Federal Reserve officials and investment bank bets on bigger interest rate hikes. On Friday morning, shares slipped in Asia, Europe, and the United States, extending…

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Dollar Powers to 6-Week High as Interest Rate Expectations Rise

February 17, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON/SINGAPORE—The dollar rose to a six-week high on Friday as strong U.S. economic data and comments from Federal Reserve officials led to traders betting more interest rate rises are coming. Data on Thursday showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, and that monthly producer prices increased by…

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Oil Heads for Weekly Loss on Rate Hike Worries, Ample Supply

February 17, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell almost 3 percent on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. Two Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels….

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Bird Flu Continues to Spread Worldwide, Threatening Poultry Supplies

February 17, 2023
bird fluBusiness & MarketsCompanieseconomic policieseconomyEnvironmentMarketspoultryScienceUSUS NewsWorld
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Bird flu continues to spread across the globe, threatening stocks of poultry supplies. The disease is extremely deadly to poultry, so much so that entire flocks are often culled even when only one bird tests positive. The avian-borne virus has spread for the first time to several wild bird species that can transmit the virus…

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Another Disappointing Inflation Report Thumps Wall Street

February 16, 2023
Business & MarketsMarketsstocksWall Street
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NEW YORK—Wall Street tumbled Thursday, and stocks fell by the most in four weeks following more evidence that high inflation is staying stickier than expected. The S&P 500 dropped 1.4 percent after a report said inflation at the wholesale level slowed by less last month than economists forecast. It echoed a report on prices at…

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Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 16)

February 16, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for March delivery fell 10 cents to $78.49 a barrel Thursday. Brent crude for April delivery fell 24 cents to $85.14 a barrel. Wholesale gasoline for March delivery fell 6 cents to $2.44 a gallon. March heating oil fell 3 cents to $2.81 a gallon. March natural gas fell 8 cents…

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Meta Ramps Up Spending on Zuckerberg’s Personal Security to $14 Million Despite ‘Year of Efficiency’ Pledge

February 16, 2023
Business & MarketsCompanieseconomyInvestmentMark ZuckerbergMarketsMedia & Big TechmetaPersonal SecurityUS
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Meta Platforms CEO Mark Zuckerberg is increasing spending on his own security to $14 million, despite a pledge to make 2023 a “year of efficiency.” The decision comes just after 11.000 jobs, or 13 percent of the workforce, were eliminated late last year and future spending plans for projects were cut at the social media company….

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