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Wall Street headed into Tuesday on hopes of a higher opening following five consecutive sessions of a heavy selloff. This followed concerns that there would be further Fed rate increments that would lead to a market meltdown. Consequently, top indexes in the market also dipped into a bearish zone. Early Market Leads Shares sensitive to … Read more
Stocks in the US dropped again on Thursday as recession fears gripped the market after the passing relief of the last trading session. It was triggered by the Bank of England’s decision to buy government bonds. Major Indexes Drop The S&P 500 index dropped by 1%early in the session, the Dow dropped by 0.8% or … Read more
The Bank of England has just announced a much-needed intervention to avoid the imminent bond market crash. The bank has said it would buy unlimited amounts of the government’s long bonds. Britain Reels from the Tax Cut Plan The economic fallout that resulted from the government’s plan to cut taxes is still cutting through the … Read more
The UK recently shared a plan of lifting the country’s economy out of inflation but rather than bring calm, it has created a deeper selloff in the market. There are now higher concerns in the UK that the government’s plan could lead straight to a recession. UK Plan Hit Stocks Stock trading charts were in … Read more
The stock markets are finally listening to the Federal Reserve’s Chairman, Jerome Powell. According to everyone’s anticipation, the Federal Reserve raised the interest rates on Wednesday by 75 basis points after raising it by the same figure two times prior. Powell and other fed officials went further to raise expectations of more interest rate increases … Read more
The US stocks market plummeted this week, recording the work drop since the market hit bottom in June. This is mainly due to mounting anxiety over excessive Fed interest-rate rises and FedEx Corp.’s alert. Major Selloff In US Stock Market The S&P 500 declined for three consecutive days this week, falling to about 5%. However, … Read more
Stocks in the US oscillated back and forth on Thursday while news from various sectors caught investors’ attention with moves from economic indexes. The S&P 500 index rose by 0.2% and the Dow gained by about 90 points which amount to 0.3%. The Nasdaq index, on the other hand, increased by 0.1%. Indexes Gained a … Read more
The CPI (Consumer Price Index) statistics in the United States recently surpassed economists’ forecasts. As a result, there is widespread panic as inflation rose with an economic downturn around the corner. US Fed Having A Hard Time Battling Inflation On September 13th, the US released the CPI data. Following the announcement, the markets and their … Read more
Stocks in the US opened trading on a high note on Wednesday while investors tried to come to terms with their losses following the worst day for stocks since the middle of 2020. Not long after the bells went off for trade to begin, the Dow went up by 0.1%, the S&P 500 saw a … Read more
Stocks in the US experienced huge selling pressure on Tuesday following the publication of the awaited inflation figures for August. The report revealed that prices were stronger than expected last month. Stocks Began to Fall Almost immediately after the inflation report was released, Nasdaq shares dropped by about 1.8% while S&P 500 lost 1.2%, and … Read more
Lynas Corporation has seen its shares in red in 2022, attracting dib buyers. Recently, a broker named Lynas “gold standard” in rare producers’ space. His analysis hinges on escalated geopolitical worries between the Western and China. The Lynas stock price has plummeted substantially within the past six months. Time to buy? The Lynas Rare Earths … Read more
City Chic shares have seen a fire week following the earnings. The stock has lost approximately 25% within the previous month. The company revealed that trading remained broadly flat Y/Y, with August witnessing a momentum return. The City Chic Collective share trades at $1.79 after losing another 12% during Friday’s sessions. That means the stock … Read more