Dow Jones futures were little changed in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally reversed on Wednesday after the Federal Reserve hit 5.1% as the new peak rate target and Fed Chief Jerome Powell demanded “much more evidence” that inflation is under control. X But stocks pared losses in …
Stocks fall on Fed outlook; Musk sells more TSLA Read More »
Dow Jones futures rose slightly in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally reversed on Wednesday after the Federal Reserve hit 5.1% as the new peak rate target and Fed Chief Jerome Powell demanded “much more evidence” that inflation is under control. X But stocks pared losses in the …
Futures: Rally Falls on Fed Outlook; These actions shine Read More »
Federal Reserve policymakers expect to raise their key rate to 5.1% next year, a rate higher than what Wall Street expects. The new projections, released at the end of Wednesday’s Fed meeting, were revealed along with an expected rate hike of half a point. The S&P 500 initially reversed sharply lower. Stocks hit lows but …
Fed key rate could hit 5.1% in mild hawkish surprise Read More »
Employees working on the carbon fiber badminton racket production line at a factory in Sihong County, China’s Jiangsu Province. China reported on Saturday that factory activity in April contracted at a faster pace as Covid-19 lockdowns halted industrial production and disrupted supply chains. Visual Group China | Getty Images Morgan Stanley raised its outlook for …
Morgan Stanley Raises Growth Outlook for China in 2023, Expects Stronger, Faster Rebound Read More »
FTX CEO John Ray said Tuesday that founder Sam Bankman-Fried granted himself loans using the company’s money, part of more than $1 billion in loan disbursements to ” insiders,” Ray said. The collapse of FTX, a cryptocurrency exchange once valued at $32 billion – and the arrest on Monday of founder Sam Bankman-Fried on a …
Where did the money go in the FTX crypto meltdown? Read More »
Consumer prices increase moderately in November Growth, real estate stocks rise as yields fall Moderna leaps on optimistic trial data Dow up 0.3%, S&P 500 up 0.73%, Nasdaq up 1.01% NEW YORK, Dec 13 (Reuters) – U.S. stocks rose on Tuesday after an unexpected rise in consumer prices boosted optimism that the Federal Reserve could …
Wall St rises after CPI data but Fed concerns persist Read More »
Inflation slowed significantly for a second month in November as prices for goods that surged during the pandemic continued to decline. Yet inflation remained high as the cost of many services continued to rise. Consumer prices rose 7.1% from a year earlier, compared with a 7.7% rise in October and a 40-year high of 9.1% …
Inflation slowed again but remained elevated in November, CPI report shows Read More »
NORTH CHARLESTON, SC/CHICAGO, Dec 13 (Reuters) – United Airlines (UAL.O) said on Tuesday it has ordered 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAX aircraft as it pushes for post- pandemic and replaces older, less -efficient aircraft. The Chicago-based airline’s 200-plane order is worth around $43 billion at list prices and represents a big …
United Airlines places big order from Boeing, includes 100,787 Dreamliners Read More »
Inflation slowed again last month, more than expected, as the Federal Reserve raised interest rates at the fastest pace in decades. The consumer price index (CPI) in November showed an increase of 7.1% from a year ago and 0.1% in the month, the Bureau of Labor Statistics said Tuesday. Economists had expected prices to rise …
November CPI: inflation increased by 7.1% compared to last year Read More »
Traders work on the floor of the New York Stock Exchange (NYSE), December 7, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Take the temperature of the economy The government’s latest reading on inflation is expected to drop at 8:30 a.m. ET. Economists polled …
5 things to know before the stock market opens on Tuesday Read More »
