Three analysts share their prospects for technology, with one saying it is ready for a tough rally and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as a whole was “ready for a rally”. “We just need a breath of good news from … Read more
WASHINGTON (AP) – As prices across the economy – from food, gas and rent to cars, airline tickets and hotel rooms – are rising at their fastest pace in decades, you may think Americans will put the brakes on spending. Not so far. Consumers generally show surprising resilience, not only maintaining their costs but increasing … Read more
NEW YORK (AP) – Wall Street rocked to the brink of a bear market Friday after another decline in shares briefly sent the S&P 500 with more than 20% below its peak set earlier this year. The S&P 500, which is the basis of most workers’ 401 (k) accounts, fell 2.3 percent in the day … Read more
NEW YORK (AP) – Another drop in shares on Friday pushed the S&P 500 index by 20% below its peak set earlier this year. The benchmark fell 2% for the day in early afternoon trading and slowed for its seventh consecutive losing week. Raising interest rateshigh inflationthe war in Ukraineand a slowdown in the Chinese … Read more
Joachim Nagel, governor of Germany’s central bank and a member of the ECB, shares his latest thoughts on inflation and the possibility of raising interest rates in the eurozone. Bloomberg | Bloomberg | Getty Images The ECB will soon raise interest rates for the first time in more than a decade, a member of the … Read more
PYONGTAEK, South Korea (AP) – President Joe Biden kicked off a trip to Asia on Friday, touring a South Korean computer chip factory that will model another plant in Texas, offering it as a way to deepen ties with the Indo-Pacific Ocean and foster technological innovation and promote vital democracies. “So much of the world’s … Read more
Stagflation is back, according to former Morgan Stanley Asia chairman Stephen Roach. He warns that the United States is on a dangerous path that leads to higher prices combined with slower growth. “This inflation problem is widespread, persistent and likely to be long-lasting,” Roach told CNBC’s Fast Money on Thursday. “Markets are not even close … Read more
By FATIMA HUSSEIN and FRANK JORDANCE, Associated Press KOENIGSWINTER, Germany (AP) – Finance ministers of the Group of Seven Leading Economies battled rising inflation and the immediate aftermath of Russia’s war in Ukraine on Thursday, with US Treasury Secretary Janet Yellen pledging allies to raise enough aid to help Ukraine “survive this”. “We have all … Read more
TOKYO (AP) – Shares fell sharply in Asia on Thursday after a broad retreat on Wall Street caused by the grim results of the big retailer Target, which renewed concerns about the impact of high inflation. Hong Kong’s Hang Seng led the decline, falling 3.1 percent, while Tokyo’s Nikkei 225 index was 2.7 percent lower. … Read more
The UK’s National Statistics Office said its estimates showed that the last time inflation was “around 1982”. Justin Talis Afp | Getty Images LONDON – Inflation in the United Kingdom rose to a 40-year high of 9% in April as food and energy prices rose, official data revealed on Wednesday, escalating the crisis with the … Read more