07 Dec 2022 - Stocks tumbled Tuesday, building on the previous session’s losses, as fears of a recession gripped Wall Street. In Europe there is growing frustration over the Biden administration’s Inflation Reduction Act, with opposition to the sweeping climate and economic bill. The concern is that US companies now have an unfair advantage.
06 Dec 2022 - Stocks fell Monday on fears that the Federal Reserve may continue tightening until it steers the economy into a recession. While the war in Ukraine grinds on, Western countries have been debating how to curb Russia’s oil revenue without causing massive disruptions to energy markets. They think they landed on an innovative solution: starting last Friday the G7 and Australia will apply a price cap of $60/barrel on Russian oil.
05 Dec 2022 - Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labour data to the upcoming Federal Reserve meeting. And it appears consumers are spending their savings to stay ahead of inflation. Data released by the Bureau of Economic Analysis released last week shows that the U.S. personal saving rate dropped in October to 2.3%.
02 Dec 2022 - The Dow Jones fell Thursday, relinquishing some of the big gains seen in the prior session as investors awaited jobs data coming Friday that could determine the pace of the Federal Reserve’s future rate tightening. Investors are looking to data on non-farm payrolls, the unemployment rate and hourly wages on Friday for insight into the labour market, which has been relatively strong despite hopes of contraction as the Fed looks to cool inflation.
01 Dec 2022 - Stocks climbed Wednesday as Federal Reserve Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign that has weighed on markets. Commodities prices, factory gate prices, energy prices and inflation expectations have all begun to slide from their record levels, suggesting to some that the pace of headline price growth is set to slow in 2023.
30 Nov 2022 - Stocks fell Tuesday as traders struggled to recover from losses suffered in the previous session and looked ahead to more economic data. Elon Musk has been active on twitter claiming that Apple is curbing advertising on Twitter and threatening to "withhold" the social media platform from its App Store, as the world’s richest man locks horns with the most valuable tech company.
29 Nov 2022 - Stocks fell Monday as social unrest from China's prolonged Covid restrictions weighed on markets. Protests across China over the country's strict zero-Covid policies shook up global markets over the last 24 hours with concerns authorities will take longer to reopen the world’s second-largest economy. Thousands took to the streets in the biggest challenge to the authority of the Chinese Communist Party in years.
28 Nov 2022 - The Dow Jones Industrial Average rose Friday, notching a gain during the holiday-shortened trading week. Worries about continued lockdowns in China kept markets in check. The country is ramping up Covid restrictions after seeing climbing case counts in recent days – however unprecedented demonstrations are now breaking out across Chinese cities and university campuses, triggered by widespread anger at stringent Covid restrictions that have been imposed now for almost three years. These are the biggest...
24 Nov 2022 - US stocks closed higher Wednesday in a choppy session as meeting minutes from the Federal Reserve showed that the central bank is looking to hand out smaller rate hikes in the coming months as inflation cools off.
23 Nov 2022 - Stocks rose Tuesday as Wall Street looked past tightening covid policies in China to instead focus on a host of strong earnings reports and the potential for smaller future rate hikes during a holiday-shortened trading week. In after market news Hewlett Packard has just announced its plans to layoff between 4000-6000 employees globally over the next three years. This continues a trend of layoffs - beyond just Twitter - that has been sweeping the tech...
