US stocks fizzle as a brutal month draws to a close

US stocks struggled for direction Friday, on the final day of what has been a brutal month and quarter for markets as investors grew more fearful that aggressive interest rate hikes by the Federal Reserve will drive the economy into a downturn in an attempt to quell inflation. what’s happening The Dow Jones Industrial Average … Read more

UK bond yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’

UK gilt yields fell back from their highest in 14 years after the Bank of England said it would buy bonds at “whatever scale is necessary” to restore orderly market conditions. The 10-year benchmark gilt yield TMBMKGB-10Y, 4.013%, which moves in the opposite direction to prices, fell 49 basis points to 4.03%, having at one … Read more

Want to gamble your savings on a quick collapse in inflation?

Inflation is running at 8% or higher, depending on how you count it (and who’s counting). The Federal Reserve is clearly panicking. And the markets are clearly panicking too. So at this point, Uncle Sam would like to offer you a bet. How would you like to wager your hard-earned retirement savings that inflation is … Read more

Weekend reads: How to manage your finances when inflation is high and interest rates keeping shooting up

Financial markets have reacted in shock to the Federal Reserve’s strengthened vow to continue tightening of monetary policy to fight high inflation. The S&P 500 has declined 10.5% over the past month and the average interest rate on a 30-year mortgage loan has increased to 6.29% from 6.02% in only one week, according to Freddie … Read more

Video game sales heading for decline in US, but one analyst sees a 2023 rebound

Video games are heading for a US sales decline in 2022, but a looming recession and new releases could turbocharge a rebound in 2023, according to one analyst. Stifel analyst Drew Crum said he estimates US videogame sales to decline 6% to $57 billion in 2022, benchmarked against data from NPD Group. That contrasts with … Read more

Can the Fed tame inflation without further crushing the stock market? What’s next for investors.

The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said. “I … Read more

Why a single US inflation report rolled global financial markets — and what comes next

It was the single report heard around the world, shaking the confidence of traders and investors across three continents. Stocks sold off across Asia and Europe on Wednesday, a day after August’s US consumer-price index report triggered the worst day for the Dow Jones Industrial Average DJIA, +0.10%, S&P 500 SPX, +0.34% and Nasdaq Composite … Read more

Markets are waking up to the notion that inflation hasn’t peaked

It only took a 0.1% advance in the rate of consumer-price inflation last month to send markets into their worst tailspin in two years. But what might seem like a relatively small uptick — coupled with the fact that the headline number actually declined on an annualized basis — belies a far more significant shift … Read more

Dow books near 1,300-point drop as stocks record worst day since June 2020

The Dow Jones Industrial Average closed nearly 1,300 points lower Tuesday as technology stocks led the market to its worst day since June 11 2020, following an unexpected uptick in August consumer-price inflation. what happened The Dow Jones Industrial Average DJIA dropped 1,276.37 points, or 3.9%, to end at 31,104.97. The S&P 500 SPX shed … Read more