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...
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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Nvidia stock tumbles after company says revenue fell way shy of expectations
[ad_1] Shares of Nvidia Corp. were tumbling more than 5% in morning trading Monday after the semiconductor company disclosed that it expects to fall well...
Why Mark Mobius thinks U.S. stocks haven’t bottomed — and where he sees emerging-market opportunities
U.S. markets have provided plenty of excitement this year to keep investors on their toes. But as badly as U.S. and European stocks have performed...
Consumer Shares Fall, Led by Consumer Discretionary Stocks — Consumer Roundup
[ad_1] Shares of retailers and other consumer companies fell as consumer discretionary stocks led decliners. Data showed the U.S. economy added 528,000 jobs in July,...
Consumer Shares Fall as Consumer Staples Stocks Decline — Consumer Roundup
[ad_1] Shares of retailers and other consumer companies slipped as losses in consumer staples stocks outweighed gains for consumer discretionary shares. Earnings continued to roll...
Fed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open...
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive...
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank...