Digital companies that boomed during lockdowns hit by fears they cannot withstand a recession Author of the article: Financial Times Nicholas Megaw and Imani Moise in New York A pedestrian walks past the PayPal logo at an office building in Berlin, Germany. Photo by REUTERS/Fabrizio Bensch/File Photo Almost half a trillion dollars has been wiped… Continue reading Half a trillion dollars wiped from once high-flying fintechs
Stock Market Today: Stocks Erase Early Lead to End Lower | Kiplinger
Stock Market Today A round of well-received bank earnings boosted the stock market to start Monday, but investors’ enthusiasm waned as the day wore on.The major indexes opened Monday solidly higher amid a round of well-received bank earnings, but chipped away at these gains to eventually end lower. Garnering the most attention from this morning’s… Continue reading Stock Market Today: Stocks Erase Early Lead to End Lower | Kiplinger
Twitter Earnings on Tap, But All Eyes on Musk Court Battle | Kiplinger
stocks Our preview of the upcoming week’s earnings reports includes Twitter (TWTR), Netflix (NFLX) and Johnson & Johnson (JNJ).The second-quarter earnings season got off to a rocky start last week following disappointing reports from several big banks. Wall Street will stay focused on how the financial sector fared over the three-month period, but notable names… Continue reading Twitter Earnings on Tap, But All Eyes on Musk Court Battle | Kiplinger
How to Get Ahead During a Market Downturn | Kiplinger
First, there was the supply chain slowdown, then the inflation ramp-up, followed by the gas price explosion, and now, we’re staring down the real risk of recession. It probably should come as no surprise that this barrage of economic body blows finally tamed America’s long-running bull market. If we are, indeed, nearing a recession, certainly… Continue reading How to Get Ahead During a Market Downturn | Kiplinger
US stocks turn lower as Apple reportedly plans to slow hiring and spending amid economic uncertainty
US stocks reversed lower Monday after Bloomberg reported Apple will slow hiring and spending. A housing market gauge showed builder confidence slowed to a pandemic-era low. Cryptocurrencies bounced back from recent turmoil to regain a $1 trillion market capitalization. Loading Something is loading. US stocks reversed sharply lower Monday after Bloomberg reported Apple plans to… Continue reading US stocks turn lower as Apple reportedly plans to slow hiring and spending amid economic uncertainty
The dollar’s blistering rally cools as the currency falls from 2-decade highs on softer rate hike expectations
The US Dollar Index edged lower on Monday, cooling after a huge rally for the greenback. The dip comes as markets soften rate hike expectations, seeing a 100 basis point jump this month as less likely. The ECB’s next rate hike could lead to further softening of the greenback, according to an analyst. Loading Something… Continue reading The dollar’s blistering rally cools as the currency falls from 2-decade highs on softer rate hike expectations
Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE’s local currency: report
Russia and Indian refiners are set to trade oil not in US dollars but in the UAE’s local currency, Reuters reported. Sources told Reuters that more deals priced in UAE dirhams will happen as Moscow looks to insulate itself from sanctions. Earlier in March, Russia and India held talks for a potential ruble-rupee trade deal.… Continue reading Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE’s local currency: report
A key gauge of the housing market saw its steepest drop since the early days of the pandemic
Builder confidence fell sharply in July, the National Association of Home Builders said Monday. The NAHB attributed the fall to high inflation and rising rates, which are crushing mortgage demand. The drop is the seventh-straight monthly decline and the NAHB’s lowest-ever reading, excluding the early pandemic. Loading Something is loading. High inflation and rising interest… Continue reading A key gauge of the housing market saw its steepest drop since the early days of the pandemic
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