Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah McKay | Reuters LONDON — New UK Prime Minister Liz…
Tag: business news
US stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike
US stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond…
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when…
Amid US recession fears, these steps can help protect your finances
It’s very easy to get swayed by headline news and market drops when you’re not clear on what you’re working towards. Amanda Wallace Head of insurance operations at Mass Mutual Meanwhile, a…
Moderna asks FDA to authorize omicron Covid boosters for children as young as 6 years old
Following CDC approval for vaccination of children aged 6 months to 5 years, 4 year-old Eleanor Kahn sits with her father Alex, as nurse Jillian Mercer administers the Moderna vaccine for the…
Here’s our plan for Monday after another painful week to own stocks
Stocks took a beating this week as the Federal Reserve raised interest rates by another 75 basis points, the third consecutive hike of that magnitude. It wasn’t the rate move — which…
US fiscal policy is undermining the Fed’s efforts to fight inflation
Inflation remains the top issue on investors’ minds, with many trying to determine when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try…
Tech stocks worst two-week stretch since the start of pandemic
Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq…
Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022
The Truth social network logo is seen on a smartphone in front of a display of former US President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic |…
Government bond yields soar as markets weigh threat of a recession
Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after another major rate hike from the Federal Reserve, flashing a warning of market distress. The policy-sensitive 2-year Treasury yield on Friday…