Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle
U.S. stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after...
Global Economies Flash Warning of Sharp Slowdown
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as...
Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay?
Central bankers worry that the recent surge in inflation may represent not a temporary phenomenon but a transition to a new, lasting reality. To counter...
U.S. dollar is now slicing through key technical levels ‘like a hot knife in butter’
The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the...
Why one economist fears the Japanese yen could be headed for a destabilizing downward spiral
A prominent economist has begun to worry that Japan’s widening trade deficit could eliminate the last pillar of support for the world’s third-most widely used...
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game
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The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes
China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after...
Social Security Benefits Are Heading for the Biggest Increase in 40 Years
Social Security recipients are on track to receive the highest cost-of-living increase in more than four decades next year. Social Security checks get an inflation...
Gold ends at six-week high, topping $1,812 as investors await inflation report
Gold futures closed at their highest level in six weeks on Tuesday, as stocks and the dollar slumped ahead of Wednesday’s U.S. consumer-price index update...
10 Stocks That Should Shine in a 2023 Recession: Citi
[ad_1] As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the...