Stock Market Today The Fed announced a 50-basis-point interest-rate hike, as expected, and Powell’s suggestion that future hikes won’t be any more aggressive sent stocks flying.Stocks breathed a massive sigh of relief Wednesday afternoon after the Federal Reserve gave the markets exactly the rate hike they were betting on – and indicated that future hikes… Continue reading Stock Market Today: Stocks Rally on Powell’s Rate Reassurance | Kiplinger
Warren Buffett’s Inflation Plan: Buy, Buy, Buy | Kiplinger
Warren Buffett The Oracle of Omaha seized upon equity dips during a Q1 spending spree, but inflation also was a clear driver of several Buffett purchases.Rapidly rising prices are on the radar for virtually everyone in America – even the billionaire class. Indeed, Warren Buffett himself has his eyes on inflation. Buffett finally whipped out… Continue reading Warren Buffett’s Inflation Plan: Buy, Buy, Buy | Kiplinger
Timely Tips for Investors to Deal with Today’s Worst Challenges | Kiplinger
investing When it comes to your retirement savings, in unpredictable times it’s good to have a few well-respected investing rules of thumb to fall back on for reassurance.Investors are facing two significant challenges right now: stock market volatility and high inflation. For instance, the Dow recently saw its worst daily percentage drop since October 2020,… Continue reading Timely Tips for Investors to Deal with Today’s Worst Challenges | Kiplinger
US stock futures slide after Fed-driven rally as investors digest Powell’s rate-hike comments
US stock futures fell Thursday in the wake of a relief rally sparked by Fed Chair Jerome Powell’s rate-hike comments. Investors are assessing whether Powell signaled a 75-basis-point rate hike is unlikely in future policy decisions. European stocks surged after upbeat corporate earnings and a Bank of England interest rate increase. Loading Something is loading.… Continue reading US stock futures slide after Fed-driven rally as investors digest Powell’s rate-hike comments
Japan and the UK thrash out plans to cut Asia’s reliance on Russian oil, as sanction-hit Moscow hunts for new buyers
Japan and the UK discussed plans to cut Asia’s reliance on Russian oil on Thursday. Russia is increasingly looking to Asia as an export market, as Western buyers shun the country. The EU on Wednesday proposed a total ban on Russian oil imports within a year. Loading Something is loading. Japan and the UK are… Continue reading Japan and the UK thrash out plans to cut Asia’s reliance on Russian oil, as sanction-hit Moscow hunts for new buyers
The Bank of England hikes interest rates to 1%, the highest level since 2009
The Bank of England on Thursday hiked interest rates by 25 basis points to 1%, the highest level since 2009. The BoE is grappling with the strongest inflation in 30 years, but also with a slowing economy. It comes after the Federal Reserve increased interest rates by 50 basis points Wednesday. Loading Something is loading.… Continue reading The Bank of England hikes interest rates to 1%, the highest level since 2009
Uber lost almost $6 billion in the first quarter as shares of Asian ride-hailing giants Didi and Grab tanked
Uber posted $6 billion in losses in the first quarter due to its investments in Didi and Grab. Shares of the two Asian ride-hailing giants have plunged since they were listed in the US last year. Overall, Uber’s performance is up from a year ago, with bookings up 35% to $26.4 billion. Loading Something is… Continue reading Uber lost almost $6 billion in the first quarter as shares of Asian ride-hailing giants Didi and Grab tanked
The Russian ruble has hit an over 2-year high even as the EU plans to intensify sanctions against the country with an oil embargo
The Russian ruble closed 6.6% higher on Wednesday — a two-year high against the US dollar. The currency had sunk to a record low in early March due to sweeping sanctions over the Ukraine war. The Kremlin has been propping up the ruble via capital controls. Loading Something is loading. The European Union may be… Continue reading The Russian ruble has hit an over 2-year high even as the EU plans to intensify sanctions against the country with an oil embargo
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