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Spencer Platt / Getty Images There are good, bad, and ugly outcomes for the stock market as inflation continues to weigh, Charles Schwab warned. Though inflation is coming down, it could easily rebound if central banks begin cutting too soon. "This whipsawing pattern may support a continued environment of volatility and wide market swings as […]
A discounted batch of planks is seen as people shop for lumber at a Home Depot store in Alhambra, California on May 4, 2022. FREDERIC J. BROWN/AFP via Getty Images Lumber prices extended their 2-day decline to 10% after the Fed hiked interest rates by 75 basis points on Wednesday. The aggressive interest rate hike […]
Spencer Platt/Getty Images US stocks opened mixed on Wednesday with the Nasdaq up after seven consecutive declines. The Federal Reserve will release its beige book report in the afternoon, ahead of the next FOMC meeting later this month. A Wednesday Wall Street Journal article suggested that another 75-basis-point rate hike could hit in September. US stocks […]
Tesla’s efforts to improve its bottom line go beyond layoffs and disappearing perks. Electrek has learned that Tesla is raising Supercharger rates around the world, with per kWh rates climbing about 33 percent in numerous markets. While it’s still less expensive than gas (even the 36 cents per kWh in some California locations is modest), […]
Drew Angerer/Getty Images President Donald Trump said he believes “the Fed has gone crazy” amid recent interest rate hikes. Trump’s statement comes after stocks plunged on Wednesday. The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. The Fed is expected to raise interest rate through the end of 2018 […]
Martin Lewis said the big energy firms are increasing prices once again (Image: getty) So let me be plain NOW IS THE TIME to switch before winter, every week’s delay risks you paying more. And if you’re on a standard tariff (ie the hideously expensive one most people are on) then as with typical bills […]
Wikicommons Walgreens Boots Alliance beat on both the top and bottom lines. The company hiked its dividend and announced a $ 10 bilion share buyback program. (Reuters) – Walgreens Boots Alliance Inc’s third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $ 10 billion […]
Enlarge (credit: Getty | Mario Tama) Irish drug company Horizon Pharma has hiked the price of a two-in-one painkiller by more than 2,000 percent in the past five years, according to a report in Financial Times A 60-pill bottle of the drug combo, Vimovo, cost $ 138 in 2013 when AstraZeneca sold it to Horizon. […]
Scott Olson/Getty Equity strategists at Bank of America Merrill Lynch raised their year-end price target on the S&P 500 to 3,000 from 2,800. “We are watching for signs to temper our enthusiasm on the S&P 500,” they said in a note. Still, they noted that the year right before a market peak is usually one […]
For those who like to dabble in currency trading — and there’s more than a few of you — the chart below may be of interest. From Nomura, it shows the reaction in the US dollar index, or DXY, before and after interest rate increases from the US Federal Reserve over the past few years. […]
