Interest Rates
5 things to know before the stock market opens Wednesday
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern U.S. stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished […]
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Australia risks recession and housing downturn after third rate hike
The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central […]
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Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names. “The two certainties in this world of uncertainty today is that profits growth is […]
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Luxury car buyers shell out more than ever with ‘car payments that look more like mortgage payments’
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car […]
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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of […]
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5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock slump persists U.S. investors returned from the three-day July Fourth holiday weekend to find stock futures down yet again. The market wrapped up its worst first […]
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South Korea’s June inflation hits 24-year high, raising expectations for a big rate hike
A photo showing workers setting up scaffolding beneath the logo of the Bank of Korea at its headquarters in Seoul on January 14, 2022. South Korea’s June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could deliver a 50 basis point rake hike for the first time […]
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Bank of Israel hikes benchmark interest rate 1/2-point in inflation battle
The Bank of Israel lifted its key rate to 1.25% from 0.75% in July in a bid to battle rising inflation. Eddie Gerald | Moment | Getty Images The Bank of Israel on Monday raised its benchmark interest rate by a half percentage point, its most aggressive move in more than a decade in a […]
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10-year Treasury yield falls to lowest level since May
U.S. Treasury yields fell Friday as recession fears and disappointing economic data left investors looking for safety. The yield on the benchmark 10-year Treasury note traded lower by 8 basis points at 2.889%, near its lowest level since late May. Meanwhile, the yield on the 30-year Treasury bond slid less than 1 basis point to […]
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Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]
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