(Bloomberg) — After some of the most dramatic declines in global financial markets since the Federal Reserve began lifting borrowing costs six months ago, authorities in Asia are stepping up efforts to prevent a downward spiral. South Korea joined a growing list of interventions on Wednesday, with the central bank saying it will buy as […]
Read More(Bloomberg) — The US housing market took a turn in July. A national measure of prices rose 15.8% year-over-year, the S&P CoreLogic Case-Shiller index showed Tuesday. That was the smallest gain since April 2021, and the slowdown from the 18.1% jump in June was the largest deceleration in the history of the index, according to […]
Read More(Bloomberg) — Tens of thousands of solar panels are sitting unused in warehouses across Europe just as the continent struggles with an unprecedented energy crisis. The spike in electricity prices after Russia’s invasion of Ukraine is making the case for a speedier transition to renewable power. Demand for solar from households and businesses is soaring […]
Read More(Bloomberg) — The great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100. More than two-thirds of 914 respondents in the MLIV Pulse survey think profits of the technology companies will disappoint the market throughout 2022. Firms including […]
Read More(Bloomberg) — Oil edged higher after a punishing week as traders weighed up the outlook for global demand amid mounting recessionary concerns. West Texas Intermediate rose above $79 a barrel after collapsing more than 7% last week to end at the lowest close since mid-January. The decline was the US benchmark’s fourth consecutive weekly drop, […]
Read More(Bloomberg) — A hawkish Federal Reserve crushed whatever hope investors had, plunging the stock market into a doom spiral last week and sparking traders’ fears that even more losses are on the way. Any hopes that stocks had priced in the bulk of the bad news heading into the Fed’s latest meeting are now dashed. […]
Read More(Bloomberg) — Gold sank to the lowest level since the early days of the pandemic, caught up in a broad selloff after a slew of central banks followed the Federal Reserve in raising interest rates to cool inflation. Bullion flirted with slipping into a bear market, closing nearly 20% below the all-time high reached in […]
Read More(Bloomberg) — As the Federal Reserve’s intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still? What started as a mild stock selloff this month has morphed into a deepening interest rate-spurred rout that’s wiped out virtually all of the summer gains in […]
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