The Fed is now expected to achieve a 50 basis point hike in September Consumer price growth slows in the United States in July Musk sells Tesla shares worth $6.9 billion Volatility index closes at four-month low NEW YORK, Aug 10 (Reuters) – Wall Street surged on Wednesday, putting the Nasdaq more than 20% above …
Wall Street rally lifts Nasdaq 20% from low as inflation fears to ebb Read More »
A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth …
China’s factory inflation hits 17-month low, consumer prices accelerate Read More »
Dow Jones futures rose slightly overnight, as did S&P 500 and Nasdaq futures, with a big inflation report available ahead of Wednesday’s open. X The stock market rally lost ground, pulling back from resistance levels as Micron Technology (MU) triggered a sell-off in chip stocks. On the upside, some natural gas stocks showed strength, including …
Futures contracts: has the peak of inflation finally arrived? 5 earning engines Read More »
DETROIT (AP) — A tax credit of up to $7,500 could be used to cover the cost of an electric vehicle under the Cut Inflation Act that is currently heading toward final congressional approval . But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for such a large …
Most electric vehicles will not qualify for the federal tax credit Read More »
Dow Jones futures were higher after Monday’s stock action. On Wednesday, a key inflation report – the Labor Department’s Consumer Price Index – is due out. And Nvidia stock plunged more than 6% after the chip giant issued a revenue warning in the current quarter. X American international (IGA), Novavax (NVAX), medical shock wave (SWAV) …
Dow Jones Futures: Stock market rally faces key inflation report Read More »
BlackRock says global markets have become more volatile and will remain so for some time. The world’s largest asset manager says the era of steady growth and low inflation is over: “We believe that traditional portfolios, hedges and risk models will no longer work.” “The Great Moderation, a long period of steady growth and low …
Commercial real estate is down and hybrid working is a big reason for that, according to a real estate executive. According to data from MSCI, commercial real estate transactions fell 22% in the second quarter compared to a year ago. And while inflation and economic recession are weighing heavily on the minds of property investors …
Commercial real estate is down and hybrid working is a big reason for that, according to a real estate executive. According to data from MSCI, commercial real estate transactions fell 22% in the second quarter compared to a year ago. And while inflation and economic recession are weighing heavily on the minds of property investors …
The Federal Reserve will face more urgency in its fight to cool the US economy with sharp interest rate hikes after the latest batch of labor market data showed an unexpected acceleration in earnings. jobs and strong wage growth. Figures released on Friday allayed fears that the US economy is either slowing sharply or already …
Big U.S. jobs gains give Fed ‘much more work to do’ to get inflation under control Read More »
A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You would be hard-pressed now to find a recession in the rearview mirror. What’s on the road, however, is another story. There is no historical precedent to indicate that …
Danger Ahead: The U.S. Economy Hasn’t Faced Its Biggest Recession Challenge Yet Read More »
