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Peru launches economic package amid worries of slowing growth By Reuters
© Reuters. FILE PHOTO: A view of the Congress building in Lima, Peru, September 30, 2019. REUTERS/Guadalupe Pardo LIMA (Reuters) – Peru’s finance ministry on Thursday unveiled an economic package it says can help lift the economy at times of a global slowdown and falling prices, which are key to the country’s economy. Finance Minister […] More
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Newell Brands Cuts Guidance on Demand Worries as Inflation Squeezes Consumer By Investing.com
© Reuters. By Yasin Ebrahim Investing.con — Newell Brands on Tuesday cut its guidance for the current quarter and fiscal year warning that a deteriorating macroeconomic backdrop and an inflation-squeezed consumer will hurt demand. Newell Brands (NASDAQ:) was down more than 8% in afterhours trading following the news. The company cut its guidance on third-quarter […] More
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European Stocks Slump on Renewed Energy Supply Worries By Investing.com
© Reuters. By Peter Nurse Investing.com – European stock markets slumped Monday, as investors fretted over the economic risks facing the region, including potential energy shortages as Russia halts the supply of gas. By 03:55 ET (07:55 GMT), the in Germany traded 3.3% lower, the in France fell 2.4%, and U.K.’s dropped 1.1%. Russia announced […] More
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Crude Oil Slumps to Two-Week Lows; China COVID Worries Weigh By Investing.com
© Reuters. By Peter Nurse Investing.com — Oil prices slipped lower Thursday, falling to the lowest level in two weeks on continued concerns of slowing global growth as well as renewed COVID-19 restrictions in China. By 09:35 ET (13:35 GMT), futures traded 2.4% lower at $87.38 a barrel, while the contract fell 2.2% to $93.50. […] More
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Wall St opens lower as slowdown worries mount By Reuters
© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2022. REUTERS/Brendan McDermid (Reuters) – U.S. stock indexes opened lower on Thursday, starting September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown. […] More
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Gold hits six-week trough on stronger dollar, rate hike worries
Gold hits six-week trough on stronger dollar, rate hike worries Source link More
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Analysis-Aggressive Fed spurs worries over stock valuations By Reuters
2/2 © Reuters. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2022. REUTERS/Brendan McDermid 2/2 By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are looking expensive again to some investors, as the Federal Reserve’s hawkish message lifts bond yields and pushes market […] More
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Tech stocks drag Wall Street lower at open on rate worries By Reuters
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 22, 2022. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes opened lower on Monday, led by technology stocks, as investors worried about the Federal Reserve’s plan to keep raising interest rates in its […] More
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Senator Warren worries that Fed will tip U.S. economy into recession By Reuters
© Reuters. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) gestures as Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren said on Sunday that she was very worried […] More
