US stock markets look set to mark another day of losses Friday after a brutal tech sell-off. Investors are anxiously awaiting the Fed’s policy meeting next week for details on its plan to cool inflation. Oil prices slid more than 1%, coming under considerable pressure on more gloomy market sentiment. Sign up here for our… Continue reading US stocks look set to extend decline after weak earnings hit tech-heavy Nasdaq and investors await next week’s Fed policy meet
Bitcoin plunges to below $40,000 for first time since August as cryptos track Wall Street’s tech rout
Bitcoin has tumbled to far below November’s high of close to $69,000.Dado Ruvic/Reuters Bitcoin tumbled to below $40,000 for the first time since August, as a broad crypto sell-off intensified. Investors have dumped both cryptocurrencies and tech stocks as they prepare for the Fed to hike interest rates in 2022. Ethereum fell below $3,000 while… Continue reading Bitcoin plunges to below $40,000 for first time since August as cryptos track Wall Street’s tech rout
US stocks give up gains as Dow notches 5-day losing streak and tech continues to weaken under rates pressure
Lucas Jackson/Reuters US stocks fell on Thursday after early gains of nearly 2% for the Nasdaq evaporated.The Dow notched its fifth straight loss as investors continue to worry about rising rates.Jobless claims jumped to 286,000 last week, hitting its highest level since October.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US… Continue reading US stocks give up gains as Dow notches 5-day losing streak and tech continues to weaken under rates pressure
Wharton Students Think Six-Figure Salaries Are American Average
Wharton’s business school students failed when they were asked by a professor on the amount of the average American salary. The business school students incorrectly guessed that the average American worker’s annual pay runs into the six figures, an amount that is grossly over wages as calculated by the Social Security Administration. The average annual wage… Continue reading Wharton Students Think Six-Figure Salaries Are American Average
Housing Inflation Taking Bigger Chunk Out of Consumer Budgets
The costs of either renting or buying a home have risen over the past couple of years and the steady increase is becoming a larger percentage of the Consumer Price Index. The Consumer Price Index is a gauge of the costs paid by consumers for goods and services such as housing, food, transportation and medical… Continue reading Housing Inflation Taking Bigger Chunk Out of Consumer Budgets
What is Amazon Prime, And Are Prices Increasing in 2022?
When the Amazon Prime membership first launched in 2005, the flagship service offered free two-day shipping for a $79 annual fee in the United States. By September 2006, Amazon (AMZN) – Get Amazon.com, Inc. Report debuted Amazon Unbox (now known as Prime Video) and it was offered as a standalone service or it could be… Continue reading What is Amazon Prime, And Are Prices Increasing in 2022?
Sustainable funds face threat from tech sector turmoil
The current fall in tech shares may turn out to be a blip, but a sustained shift in the market could be painful for ESG funds that have bet heavily on them Author of the article: Financial Times Adrienne Klasa ESG fund managers argue that sustainability has now become so baked into investment strategies across… Continue reading Sustainable funds face threat from tech sector turmoil
Stock Market Today: Nasdaq Closes in Correction Territory | Kiplinger
Stock Market Today After a choppy trading session for stocks, all three major benchmarks ended the day in the red.The stock market kept investors on edge today, with the major benchmarks bouncing back and forth between positive and negative territory. Bank stocks remained in focus following the latest round of fourth-quarter earnings reports, though today’s… Continue reading Stock Market Today: Nasdaq Closes in Correction Territory | Kiplinger
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