S&P 500 falls to two-year low, bear market rally snuffed out

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

Sterling crumbles to record low, dollar soars on UK fiscal angst

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the … Read more

SNAPSHOT Dow on pace to confirm bear market, falls 20% from record close

SNAPSHOT Dow on pace to confirm bear market, falls 20% from record close

Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – The Dow Jones Industrial Average (.DJI) was down more than 20% from its Jan. 4 record closing high on Friday, putting it on track to confirm a bear market at the close. The index would confirm it has been in a bear … Read more

Fed’s Powell: US housing market headed for ‘correction’

Fed’s Powell: US housing market headed for ‘correction’

US Federal Reserve Board Chairman Jerome Powell attends a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, US, September 21, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the … Read more

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Russian President Vladimir Putin delivers a speech during an event marking the 100th foundation anniversary of the republics of Adygea, Kabardino-Balkaria and Karachay-Cherkessia in Moscow, Russia, September 20, 2022. Sputnik/Grigory Sysoev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Earlier this year, markets were complacent as Russia … Read more

Wall Street skids to two-month lows as FedEx warning stokes slowdown fears

Wall Street skids to two-month lows as FedEx warning stokes slowdown fears

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, US, October 26, 2020. REUTERS/Mike Segar/File Photo Register now for FREE unlimited access to Reuters.com Register FedEx warning sends shudders across the sector All the three major indexes set for sharp weekly losses … Read more

Stocks weak, dollar hot as rate fever strikes bonds

Stocks weak, dollar hot as rate fever strikes bonds

A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly song Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures skid 0.9%, Nikkei … Read more

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Micron tempers forecast as demand weakness deepens Novavax falls 25% after cutting revenue view by half Indexes mixed: Dow flat, S&P off … Read more

Tencent faces new video-game M&A challenge

Tencent faces new video-game M&A challenge

LONDON, Aug 5 (Reuters Breakingviews) – The frenzy in video-game dealmaking has reached a new level. China’s Tencent (0700.HK) wants to increase its 5% stake in smaller French rival Ubisoft Entertainment (UBIP.PA), the outfit behind the wildly popular “Assassin’s Creed” franchise, according to Reuters. The $380 billion company could offer the founding Guillemot family, who … Read more

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Fed officials beat inflation drum;  50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the US central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable … Read more