The stock market kept investors on edge Thursday as markets bounced between positive and negative territory throughout the day. Stocks initially opened lower as investors heard news that Liz Truss resigned as the United Kingdom’s prime minister after a short and tumultuous tenure. However, the markets quickly turned higher amid well-received earnings reports from telecom… Continue reading Stock Market Today: Stocks End Choppy Session With a Loss
Truss-tastrophe! Markets Rise on PM Step-Down
U.S. stocks applauded the surprise resignation of Liz Truss as traders bet the exit of the shortest-serving prime minister in British history would restore a measure of calm to the U.K. currency and bond markets. Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by… Continue reading Truss-tastrophe! Markets Rise on PM Step-Down
Investors are slashing down the odds of a 75-basis-point rate hike in December and beyond as the Fed hints at smaller increases
Investors on Friday pulled down expectations the Federal Reserve will issue another rate hike of 75 basis points in December and beyond. The probability of another jumbo-sized rate hike at the end of the year fell to 45% from 75% on Thursday. The moves were sparked after a report from the Wall Street Journal and… Continue reading Investors are slashing down the odds of a 75-basis-point rate hike in December and beyond as the Fed hints at smaller increases
Dow surges 748 points as US stocks rally on hopes of less aggressive Fed rate hikes
Jennifer Sor Drew Angerer/Getty Images US stocks rallied on Friday, boosted by hopes of less aggressive Fed rate hikes. All three indexes ended the day higher, with the Dow climbing over 700 points. The 10-year Treasury edged lower as investors began to slash expectations of a 75 point rate hike in December. Loading Something is… Continue reading Dow surges 748 points as US stocks rally on hopes of less aggressive Fed rate hikes
It would be a ‘real mistake’ to assume other countries will avoid UK-like turmoil, and the US must watch its fiscal issues, former Treasury Secretary Larry Summers says
Other nations could see the same market turmoil that played out in the UK, ex-Treasury Secretary Larry Summers warned. He pointed to the risk of a “doom loop” created by unsustainable deficits and rapidly rising interest rates. “Things can change extraordinarily fast if you lose credibility,” Summers added. Loading Something is loading. Thanks for signing… Continue reading It would be a ‘real mistake’ to assume other countries will avoid UK-like turmoil, and the US must watch its fiscal issues, former Treasury Secretary Larry Summers says
Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says
Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush.”The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said.Ives called Musk’s $44 billion deal… Continue reading Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says
Banks Prepare for Consumers Unable to Pay Back Loans
Banks are shoring up their provisions against credit losses on fears that consumers could be late paying, or default on, loans and credit card bills. Fears of a recession continue to increase as interest rates have risen rapidly. The Federal Reserve, which has raised interest rates 3 percentage points since March, is expected to hike rates… Continue reading Banks Prepare for Consumers Unable to Pay Back Loans
The housing market will deteriorate more quickly as the impact of soaring mortgage rates hasn’t been fully felt yet, Goldman Sachs says
The housing market will continue to slide in the coming months, according to Goldman Sachs. Analysts said September existing homes sales data didn’t fully capture the latest increase in mortgage rates. In a Thursday note, they said “we expect the deterioration in the housing market to reaccelerate in future prints.” Loading Something is loading. Thanks… Continue reading The housing market will deteriorate more quickly as the impact of soaring mortgage rates hasn’t been fully felt yet, Goldman Sachs says
Recent Post
