Tech stocks worst two-week stretch since the start of pandemic

Tech stocks worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more

‘Bring the pain:’ Major banks raise forecasts for interest rate hikes

‘Bring the pain:’ Major banks raise forecasts for interest rate hikes

The Fed spoke and Wall Street listened. A Wednesday interest rate hike of 0.75 percentage point , or 75 basis points, came with a dose of hawkish central bank rhetoric that caused economists to ramp up their views on where rates are headed, and what the cost of that policy might be to the bigger … Read more

Futures are flat following another day of losses after Fed rate hike, sell-offs

Futures are flat following another day of losses after Fed rate hike, sell-offs

Stock futures were largely flat Wednesday night as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was up 10 points or 0.09%. Dow Jones Industrial Average futures rose by 41points, or 0.14%. S&P 500 futures increased 4 points, 0.11%. Costco stock was down about 2.6% … Read more

Watch Chair Jerome Powell speak about the Fed’s rate hike and outlook for future increases

Watch Chair Jerome Powell speak about the Fed’s rate hike and outlook for future increases

Hawkish Fed to stay restrictive ‘all the way through’ 2025, NatWest economist says The Fed’s interest rate projections caught some traders by surprise, in that they were much more hawkish for longer than many in the market expected. Prior to the announcement, fed funds futures were pricing a target rate of 4.51 for fed funds … Read more

Here’s everything the Federal Reserve is expected to do today

Here’s everything the Federal Reserve is expected to do today

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’s not a lot of mystery surrounding Wednesday’s Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive three-quarter point interest rate … Read more

Gold price stacking up losses ahead of key Fed rate decision, analysts warn of $1,600 level

Gold price stacking up losses ahead of key Fed rate decision, analysts warn of ,600 level

(Kitco News) Precious metals are caving under the strength of the US dollar and rising Treasury yields ahead of the critical interest rate decision by the Federal Reserve. Some analysts fear the $1,600 an ounce level is in the cards as the Fed looks to remain hawkish despite some worrying economic signs. “Thirteen central banks … Read more

S&P 500 futures are little changed ahead of the Federal Reserve’s September meeting this week

S&P 500 futures are little changed ahead of the Federal Reserve’s September meeting this week

Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images S&P 500 futures were little changed on Sunday evening after the major averages posted their worst week since June and ahead of the … Read more

Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO

Volkswagen targets .1 billion to .1 billion valuation in planned Porsche IPO

The name of the car manufacturer Porsche is attached to the curved facade of the newly built Porsche Center in Magdeburg. Stephan Schulz | picture alliance via Getty Images Volkswagen will price preferred shares in the planned flotation of Porsche AG at 76.50 euros to 82.50 euros ($76.61 to $82.62) per share, the carmaker said … Read more

August industrial output, retail sales

August industrial output, retail sales

August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported … Read more

Retail sales August 2022:

Retail sales August 2022:

Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for … Read more