Stocks Rally Off BoE Bond Purchases
US stocks rallied Wednesday and Treasury yields retreated as investors were buoyed by a surprise decision by the Bank of England. The S&P 500 rose nearly 2% as the Dow…
Stocks End Mixed As S&P Hits Yearly Low, And Dow Remains In Bear Market
Stocks were mixed at the close Tuesday, as the S&P 500 settled to a new 2022 low, and the Dow Jones Industrial Average fell even deeper into a bear market,…
Stocks Fall Further Off Fears Of Fed Over-Tightening
US stocks were battered again on Monday, as the S&P 500 closed at a new low for 2022 and the Dow Jones Industrial Average closed officially in a bear market.…
Carl Icahn Says The Worst Is Yet To Come
US financier Carl Icahn said in an interview this week that it was loose monetary policy that has produced record inflation in the United States, and it will not be…
UK Consumer Confidence Collapses
According to a new study by research group GfK, UK consumer confidence has collapsed to its lowest level since records began being kept in 1974, as deep concerns over inflation,…
Markets Plummet, Briefly Enter Bear Territory Again
US Stocks plummeted on Friday ending a volatile week down after briefly dropping into bear territory again, as fears rose that aggressive central bank policy going forward could trigger a…
All Three Indexes Decline Thursday Off Fed’s Hike
Stocks were down at the close Thursday after a volatile session following the Federal Reserve’s announcement of a third consecutive 75 basis point hike to the benchmark fed funds rate.…
Stocks Fall Off Recession Fears From Fed Tightening
Stocks fell during volatile trading Wednesday, after the Federal Reserve delivered an unprecedented third consecutive 75 basis point rate hike in its continuing battle against inflation in the US economy.…
Nouriel Roubini Predicts Severe Recession At End Of 2022
Renowned economist Nouriel Roubini has issued a warning that the global economy is facing a stock market crash and a “severe recession,” at the end of the year. In an…
Americans Overwhemlingly Dissatisfied With The Economic Direction And Biden’s Leadership
A poll from the Associated Press-NORC Center for Public Affairs Research shows the vast majority of Americans are unhappy with the direction of the nation’s economy. According to the poll…
