Stock Market Today A heaping helping of lousy economic data Thursday washed away any optimism traders showed after the Fed’s latest policy decision.Whatever cheer investors took from yesterday’s Federal Reserve policy announcement and Chair Jerome Powell’s presser evaporated Thursday, as the major indexes sank and the Dow Jones Industrial Average dropped to within close reach… Continue reading Stock Market Today: Bears Viciously Repel Post-Fed Rally | Kiplinger
US futures rebound after Dow plunges below 30,000 as central banks spark recession fears
US futures rebounded Friday after a sharp sell-off on Wall Street saw the Dow plunge below 30,000. Interest rate hikes from three major central banks this week have added to fears that a recession may be looming. Asian stocks followed Wall Street lower overnight, while oil prices and the dollar rose. Loading Something is loading.… Continue reading US futures rebound after Dow plunges below 30,000 as central banks spark recession fears
The dollar is heading for its biggest yearly gain against the yen in at least 30 years as the Bank of Japan holds fire on rate rises
The dollar is on pace for its strongest annual rise against the Japanese yen since at least 1992. The Federal Reserve is hiking rates aggressively, while the Bank of Japan is sticking to keeping borrowing costs ultra-low. The US currency is up 16.3% against the yen so far in 2022. Loading Something is loading. The… Continue reading The dollar is heading for its biggest yearly gain against the yen in at least 30 years as the Bank of Japan holds fire on rate rises
Warren Buffett’s Berkshire Hathaway likely spent $1.3 billion on stock buybacks over the past 6 weeks
Warren Buffett’s Berkshire Hathaway likely spent $1.3 billion on buybacks over the past six weeks. The outlay is notable, given Buffett didn’t repurchase any Berkshire shares in April. Berkshire spent about $52 billion on buybacks over the course of 2020 and 2021. Loading Something is loading. Warren Buffett’s Berkshire Hathaway spent an estimated $1.3 billion… Continue reading Warren Buffett’s Berkshire Hathaway likely spent $1.3 billion on stock buybacks over the past 6 weeks
Fluency declared as a finalist for G20 TechSprint 2022 Global CBDC Challenge
LONDON, /PRNewswire/ — Fluency has qualified for the final round of the G20 TechSprint 2022. The G20 TechSprint Initiative 2022 is an international competition to explore innovation in order to develop cutting-edge technology-based solutions. It is organised annually by the 20 leading economic nations. This year, the Bank for International Settlements, together with Bank Indonesia, announced… Continue reading Fluency declared as a finalist for G20 TechSprint 2022 Global CBDC Challenge
Dow plunges more than 700 points, Nasdaq falls 4%, and S&P 500 erases 2021 gains as recession fears mount
US stocks plunged on Thursday as investor fears of an economic recession continue to mount.The Federal Reserve Bank of Atlanta’s second-quarter GDP growth forecast fell to 0% on Thursday. The concerns are growing as the Federal Reserve and other global central banks hike interest rates. Loading Something is loading. US stocks plunged on Thursday, with the… Continue reading Dow plunges more than 700 points, Nasdaq falls 4%, and S&P 500 erases 2021 gains as recession fears mount
The Countries That Export the Most Beer to the U.S.
About a fifth of the beer America drinks is imported. Here’s where all that beer comes from. About a fifth of the beer America drinks is imported. Here’s where all that beer comes from. Beer. There’s a lot of choices. There’s lager and stout, pilsners, wheat beers and IPAs, commercial and craft beer, bottles, cans… Continue reading The Countries That Export the Most Beer to the U.S.
Recession Risk Ramps Higher as Inflation and Rates Soar
The smell of recession is in the air. Some economists have argued for months that an economic downturn may well be coming soon. Harvard economist Lawrence Summers has noted that at no time in the past 65 years has inflation stood above 4%, unemployment stood below 5%, and the economy failed to enter recession within the… Continue reading Recession Risk Ramps Higher as Inflation and Rates Soar
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