U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve’s battle against inflation using aggressive interest rate hikes could lead to a recession. The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday […]
Stocks
New U.S. solar installations are on track to fall by nearly a quarter this year, with panel imports stalled by a ban on goods from China’s Xinjiang region over forced labor concerns, according to a market report released on Tuesday. The dour forecast by industry trade group the Solar Energy Industries Association and research firm […]
Microsoft is to take a 4 percent equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and a handful of big global […]
U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6 percent and weighed heavily on the benchmark S&P 500 index as worker […]
World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the Federal Reserve’s latest policy meeting showed U.S. central bankers looking to soon moderate the pace of interest rate hikes. A “substantial majority” of Fed policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the […]
The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes. Stocks in sectors across the board surged as the latest consumer price data cheered investors […]
5G is a very distinctive upgrade from the previous generations. And it boils down to one key factor, Speed. Such speeds are possible because 5G operates on a larger radius of the radio spectrum. This increase in radius allows wireless devices to be more efficient with signal transmission. 5G further allows more fast-paced data processing […]
U.S. stocks closed lower for a second straight session on Tuesday after data indicating that the labor market remained on solid ground dimmed hopes the Federal Reserve might have enough reason to begin reducing the size of its interest rate hikes. A survey showed U.S. job openings unexpectedly rose in September, suggesting that demand for […]
After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest […]
Inflation is a part of every economic lifecycle. While it should be expected, keeping your money in cash can prove the universe. Currency can lose value during inflation, and its purchasing power can diminish. That’s why many people turn their cash into aspects that can hold their worth over time. Stocks, bonds, crypto, and Bitcoin, […]