Business

Investors are celebrating the end of 2022 after soaring inflation and the Federal Reserve’s aggressive interest rate hikes made it a brutal year for stocks. The S&P 500 is down 20% year-to-date, and with bonds simultaneously experiencing their worst year in history, there’s been nowhere to hide. After more than a decade of strong returns …

2022 was a no good very bad year for the stock market. Will 2023 be any better? Read More »

Three Seattle Starbucks cafes joined a three-day nationwide walkout that began Friday, an escalation in the nascent union’s push to secure contracts for the newly organized stores. Workers at stores in downtown Seattle and Madison Park joined those elsewhere who expect to picket 100 stores across the US over the next three days. The workers …

Seattle Starbucks stores join 3-day strike as union fight intensifies Read More »

Stock futures were lower Friday morning as investors responded to data that elevated concerns of a looming recession and looked ahead to a slew of Federal Reserve speakers scheduled for later in the day. Futures tied to the Dow Jones Industrial Average lost 112 points, or 0.34%. S&P 500 futures lost 0.27% and Nasdaq-100 futures …

Stock futures fall as investors look ahead to Federal Reserve speakers Read More »

Emerging markets outside of Asia will be hit by disinflation in 2023, says JPMorgan Emerging markets are expected to face very strong disinflation in the first quarter of 2023 with the exception of Asia, said JPMorgan’s chief emerging markets economist Jahangir Aziz. Asia, however, will not be seeing disinflation as the region’s inflation did not …

Fed rate decision, South Korea Trade, Australia Unemployment, New Zealand GDP Read More »

LONDON — UK inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures, though high food and energy prices continued to squeeze households and businesses. Economists polled by Reuters had projected an annual increase in the consumer price index of 10.9% in November, after October saw an …

UK inflation falls from 41-year high as fuel price surge eases Read More »

Dec 12 (Reuters) – (Editor’s note: This story contains language in paragraph 18 that some readers may find offensive) FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of …

Former FTX CEO Bankman-Fried arrested in Bahamas after US files charges Read More »

China could reportedly reopen border with Hong Kong before Lunar New Year China may scrap quarantine requirements for Hong Kong residents traveling to the mainland before Lunar New Year next month as part of the latest slew of reopening measures, South China Morning Post reported, citing official sources familiar with the matter. The proposal would …

Asia-Pacific markets, CPI data, Fed, Hang Seng Index Read More »

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with attention squarely on the CPI inflation report and the Federal Reserve. X The stock market rally retreated last week with the major indexes continuing their trend of popping to new highs but then fading back. It’s a challenging environment …

Dow Jones Futures: Inflation Report, Federal Reserve Are Big Tests For Market Rally Read More »