““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”“ — Larry Summers, former US Treasury secretary Former US Treasury Secretary Larry Summers is worried that the UK’s new Prime Minister Liz Truss may risk triggering a global crisis if the government …
Hi MarketWatchers. Don’t miss these top stories. Jennifer Lawrence Lists Her New York City Loft for $10.5M May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million. Read More Advice from a longtime real-estate agent: ‘Owners are …
US stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.93% were down about 150 points, or 0.5%, around midnight Eastern, …
US stock futures dip, dollar rises as Italian election results add to uncertainty Read More »
Heading into the close on Monday, US stocks appear poised for another difficult week as Treasury yields rose and the dollar’s global rampage continued. With the S&P 500 poised to record its lowest close since November 2020 on Monday, market technicians were once again focusing on the Cboe Volatility Index — along with a host …
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in …
First thing Fed breaks with higher rates will be the financial markets, BMO says Read More »
The numbers: US companies said business activity perked up in September largely because of an increase in new customer orders, but high inflation and lingering supply shortages posed obstacles to growth prospects. The S&P Global US manufacturing sector index edged up to 51.8 this month from a two-year low of 51.5 in August, based on …
Robert Dietz National Association of Home Builders Many aspiring homebuyers are watching as home prices begin to fall and wondering: What do I need to know about the housing market now? (See the lowest mortgage rates you may qualify for here.) So we asked Robert Dietz these questions. Since joining the National Association of Home …
Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, …
The numbers: The number of people who applied for unemployment benefits last week rose by 5,000 to 213,000, but new jobless claims are still quite low and reflect strong demand for labor even in a weakening US economy. The increase in new claims was the first in five weeks, but it was basically a statistical …
Jobless claims edge up to 213,000 but still show strong US labor market and few layoffs Read More »
Hi MarketWatchers. Don’t miss these top stories. ‘No wonder consumer confidence has been falling’: Women’s financial well-being sinks to five-year low, study finds Only 14% of women say they’re prepared for a recession, compared with 30% of men, according to a survey by Ellevest, a women’s investing platform. Read More Weekend reads: How to manage …
