Stock Market Today Treasury yields on the two-year and 10-year notes spiked to their highest levels in over a decade as central banks around the world rush to tame inflation.Wednesday’s selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve’s latest policy announcement. The central bank issued… Continue reading Stock Market Today: Stocks Fall as Global Banks Follow in Fed’s Footsteps | Kiplinger
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Where the Midterm Election Races Stand Today | Kiplinger
Economic Forecasts In a tight race, these state elections may make the difference when midterm results are announced in November.With the congressional midterm elections only weeks away, here’s how we think things will shake out. In early spring, Republicans appeared well on their way to steamroll through the midterms and win back control of the… Continue reading Where the Midterm Election Races Stand Today | Kiplinger
Investors should brace for ‘unsettling volatility’ and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says
Markets need to brace for “unsettling volatility,” Mohamed El-Erian told CNBC on Friday. The top economist predicted the S&P 500 could retest June lows due to signs of dysfunction in US Treasuries and money markets. He warned investors not to ignore the gloomy macro backdrop, despite some attractive stock names. Loading Something is loading. Investors… Continue reading Investors should brace for ‘unsettling volatility’ and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says
DARPA Launches Crypto Project with Inca Digital
Inca Digital, a Digital Asset Data Analytics Company, to Lead Work to Map the Impact of Digital Financial Assets , /PRNewswire/ — The Defense Advanced Research Projects Agency (DARPA) has awarded Inca Digital’s government contracting division, Inca Digital Federal, a Phase II Small Business Innovation Research (SBIR) contract to research advanced methods for analyzing… Continue reading DARPA Launches Crypto Project with Inca Digital
The UK pound slides to 37-year low against the dollar as the new British government’s mini-budget spurs worries about further inflationary pressures
The UK pound hits a fresh 37-year low against the US dollar on Friday. Pound sterling fell below $1.09 as the UK’s new government outlined tax cuts and other moves to bolster economic growth. The British economy is dealing with consumer price inflation hovering around 10%. Loading Something is loading. The UK pound sharply dropped… Continue reading The UK pound slides to 37-year low against the dollar as the new British government’s mini-budget spurs worries about further inflationary pressures
New Stock News Chinas First and Largest Office IT Integrated Solution Provider Edianyun Resubmit to HKEX
, /PRNewswire/ — Edianyun is a major office IT integrated solution provider in China, providing one-stop office IT services on a subscription basis to enterprise customers consisting mainly of SMEs. According to Zhitong Caijing APP, HKEX revealed that Edianyun had submitted a listing application to HKEX Mainboard again on September 9, with CICC as the exclusive sponsor.… Continue reading New Stock News Chinas First and Largest Office IT Integrated Solution Provider Edianyun Resubmit to HKEX
The 2-year Treasury just touched its highest level since 2007 as aggressive Fed moves send bonds yields soaring
The two-year Treasury yield hit its highest level since 2007 on Friday. The jump in US bond yields follows another aggressive rate hike by the Fed this week. The central bank has signaled that it can stomach an economic downturn if inflation comes down. Loading Something is loading. The two-year Treasury yield touched its highest… Continue reading The 2-year Treasury just touched its highest level since 2007 as aggressive Fed moves send bonds yields soaring
Soaring Mortgage Rates Hammer Home Buyers
Mortgage rates are soaring, and home buyers are paying the price. The 30-year fixed-rate mortgage averaged 6.29% in the week ended Sept. 22, according to Freddie Mac, an almost-14-year high. The rate rose from 6.02% a week ago and was up from 2.88% a year ago. “The housing market continues to face headwinds, as mortgage… Continue reading Soaring Mortgage Rates Hammer Home Buyers