The Federal Reserve Means Business when it Comes to Tightening Monetary Policy
After raising its benchmark interest rate by half a percentage point earlier this month
Tesla Drops To Number 2: Is Cathie Wood's Ark Invest Losing Confidence In Its Favorite Stock?
Tesla (TSLA) stock has been going downhill since peaking in early November 2021.
77% of Investment Fund Managers See Slowing Growth and High Inflation Taking Hold Over the Next Year
With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.
India, Second-Largest Wheat Producer, Bans Exports amid Food Supply Concerns
India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.
Shares Churn, Close Down; Yields Fall after U.S. Inflation Data
Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.
Billions in Wrong-Way ETF Bets Placed Just Before Thursday Rout
According to Bloomberg, in the three days through Wednesday last week before market crash on Fed policy statements began, investors infused $426 million to the ProShares UltraPro QQQ ETF (ticker TQQQ), a leveraged product that delivers three-times the return of the Nasdaq 100 Index.
Fed Lifts Interest Rates and Will Wind Down $9 Trillion Balance Sheet Assets to Tackle High U.S. inflation
The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years.
Germany Will Support Russian Oil Embargo After Significantly Reducing Dependence: Report
According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.
Ford Just Reported a $3.1 Billion Loss. Blame Sliding Demand, Strong Dollar and… Rivian
New York(CNN Business) In the days after its November IPO, electric truck maker Rivian was briefly one of the world's most valuable automakers despite not yet having reported a single sale.
Apple Is the Last FAANG Standing. How Its Earnings Could Move the Market.
Apple is the last FAANG standing — and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.
Cathie Wood Trims Spotify And Buys Netflix-Fueled Dip In These 2 Stocks
Cathie Wood-led Ark Investment Management on Wednesday raised its exposure in Roblox Corp (RBLX) and Roku Inc (ROKU) on the dip and sold shares in Spotify Technology SA (SPOT) after streaming giant Netflix Inc (NFLX) announced a massive fall in subscribers.
China Q1 2022 GDP: five things to watch
China’s economic outlook was already challenging at the beginning of the year, as the effects of President Xi Jinping’s crackdown on property and other high-growth industries rippled through the world’s second-largest economy.
Jamie Dimon Predicted ‘Storm Clouds’ ahead for U.S. Economy Later This Year
The CEO of the biggest U.S. bank by assets said Wednesday that economic growth will continue at least through the second and third quarters of this year, fueled by consumers and businesses flush with cash and paying off debts on time.
Summit Therapeutics(SMMT) Insiders Placed Bullish Bets Worth US$62m in Last 12 Months
Over the last year, a good number of insiders have significantly increased their holdings in Summit Therapeutics Inc. (SMMT).