U.S. stocks stormed back from losses sparked by a hot inflation reading on speculation the yearlong selloff has potentially reached bottom Author of the article: Bloomberg News Stephen Kirkland and Emily Graffeo The S&P 500 surged to highs of the day in a broad rally — wiping out a loss that hit 2 per cent.… Continue reading Stocks are going crazy today — soaring 3% in wild ride after inflation data plunge
Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal
Stocks initially sold off Thursday after the latest consumer price index (CPI) showed inflation remained stubbornly high in September, before embarking on a massive rebound to end the day with impressive gains. The Labor Department this morning said consumer prices ran hotter-than-expected last month – with many experts saying this all but guarantees the Federal… Continue reading Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal
What Is Passive Investing?
When it comes to saving money for the long term – that is, ten years or more – investing your money usually delivers better returns than simply saving it up as cash in the bank. This is why any workplace pension you have, for example, will at least partly be invested in the stock market,… Continue reading What Is Passive Investing?
What a DraftKings-ESPN Tie-Up Will Mean for Investors
Last Friday, as the September jobs report dealt a blow to the broader stock market, shares of sports betting site DraftKings (DKNG (opens in new tab), $13.49) jumped more than 3%. Why? Reports surfaced over a potential partnership with Walt Disney’s (DIS (opens in new tab)) ESPN. The speculation dates back to summer of 2021,… Continue reading What a DraftKings-ESPN Tie-Up Will Mean for Investors
U.S. Stocks Rocked By Hot Inflation Data, Fed Hike Fears
U.S. stock indexes fell on Thursday, with the Dow and the S&P 500 near two-year lows, after a bigger-than-expected rise in consumer prices last month sparked fears of another big rate hike from the Federal Reserve when it meets in November. The headline consumer price index gained at an annual pace of 8.2% in September,… Continue reading U.S. Stocks Rocked By Hot Inflation Data, Fed Hike Fears
Consumer Price Inflation Sizzles: What the Pros Are Saying
A key measure of consumer price inflation blew past economists’ estimates to hit a 40-year high in September, all but ensuring more aggressive interest rate hikes by the Federal Reserve. The consumer price index (CPI) rose 0.4% last month vs. expectations for a 0.2% increase, the Labor Department said Thursday. Year-over-year, CPI moderated to an… Continue reading Consumer Price Inflation Sizzles: What the Pros Are Saying
US stocks soar over 2% after September’s higher than expected inflation report sparks wild turnaround
Matthew Fox Drew Angerer/Getty Images US stocks surged more than 2% in a wild trading session after September’s CPI report doubled expectations at 0.4% month-over-month.The September inflation report poured cold water on hopes that the Fed will pivot away from its interest rate hikes anytime soon.Fed Fund Futures are now pricing in a 75 basis… Continue reading US stocks soar over 2% after September’s higher than expected inflation report sparks wild turnaround
Inflation and bond yields are peaking as demand destruction starts to dominate, economist says
Inflation and bond yields are close to peaking, according to top economist Komal Sri-Kumar. He also told CNBC that he expects a severe recession in the wake of monetary tightening and inflation. “I think we are reaching the point where demand destruction is going to dominate over supply uncertainties, and that’s what is happening.” Loading… Continue reading Inflation and bond yields are peaking as demand destruction starts to dominate, economist says
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