Markets

Investors no longer expect the Fed to rate interest rates by 50 basis points in March, according to the CME FedWatch tool. Fed Chairman Jerome Powell said he’s inclined to propose an increase of 25 basis points at the March 15-16 meeting.  Powell suggested he’s still open to an aggressive rate hike of 50 basis… Continue reading Investors have ditched expectations for a half-point rate raise in March, though Powell suggests a hike of that size is still on the table this year

Russia’s central bank banned money transfers by people or companies in countries that sanctioned Moscow for the Ukraine invasion.  And any non-Russians, regardless of their country, cannot take out more than $5,000 per month, according to a local media report. The central bank also announced that foreigners would not be able to collect bond coupon… Continue reading Russia’s central bank cracks down harder on money going overseas as sanctions trigger rush for the exit

Ford stock jumped as much as 9% on Wednesday after the company unveiled its “Ford+” plan.The automaker will separate its electric vehicles unit from its gas-powered cars unit to scale EVs.Ford will retain ownership of both units rather than spinning one off into a separate company. Loading Something is loading. Ford stock jumped as much… Continue reading Ford jumps 8% after announcing plans to split electric vehicles and gas-powered cars into separate units

The Dow industrials tumbled 600 points Tuesday as Russia ramped up its invasion of Ukraine.  The energy sector on the S&P 500 was the only gainer as oil prices surged to 2014 highs.  Target stock was a winner after the retailer’s fourth-quarter earnings report.  Loading Something is loading. US stocks closed firmly lowers on Tuesday,… Continue reading Dow sinks 600 points as investors brace for Russia to intensify invasion of Ukraine

Investors should hold back from buying the dip in stocks with global markets shaken by Russia’s invasion of Ukraine, said Generali Investments.  Risks are tilted towards a more protracted rise in energy costs, which could hurt global growth and the earnings outlook. The S&P 500 pushed further into a correction as the stock market sold… Continue reading Investors should wait to buy the dip in stocks as instability from Russia-Ukraine crisis is set to persist, asset manager says

The stock market has more downside ahead as investors have yet to throw in the towel, according to Bank of America.The bank sees the potential for the S&P 500 to fall to 3800, representing 12% downside potential.”Both late January and late February had big gap downs followed by upside reversals. However, neither period showed true… Continue reading The stock market has more downside coming as investors chase the dip rather than throw in the towel, Bank of America says

Ukraine raised about $270 million worth of war bonds to fund its defense against Russia. The Eastern European country turned to more traditional finance after raising millions in crypto. The sale came as a Russian convoy stretching 40 miles long closed in on Kyiv, the capital of Ukraine.  Loading Something is loading. Ukraine has turned… Continue reading Ukraine raises $270 million in war bonds to support military while massive Russian convoy closes in on Kyiv

Visa and Mastercard announced they have blocked certain financial institutions from their networks.  They cited economic sanctions Western nations have put on Russia after it invaded Ukraine. The payment giants also both pledged $2 million each in humanitarian relief for Ukraine. Loading Something is loading. Payment processors Visa and Mastercard announced they have blocked certain Russian… Continue reading Visa and Mastercard have banned Russian banks as more Western sanctions roll out