Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
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 […]
Federal Reserve Chair Jerome Powell Win McNamee/Getty Images US stocks moved higher on Wednesday as investors geared up for a Fed interest rate decision. Chairman Jerome Powell is expected to raise rates by 75 basis points to tame inflation. Powell's press briefing should give investors more insight as to how much more tightening the Fed […]
Federal Reserve Board Chair Jerome Powell. Elizabeth Frantz/Reuters Goldman Sachs raised its forecasts for the size of Fed rate hikes at the September and November meetings. The investment bank late Wednesday said it now sees a September increase of 75 basis points and a November increase of 50 basis points. Fed officials have delivered hawkish […]
ECB president Christine Lagarde has presided over two consecutive interest rate hikes. Philipp von Ditfurth/Getty Images The European Central Bank just pulled the trigger on its biggest interest rate hike. The central bank increased rates by 75 basis points, and signaled further hikes. Economies around the world are raising rates as they battle to keep […]
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 […]
Piers Morgan grilled Thérèse Coffey after she suggested that Britain’s ageing population and level of obesity led to the worst Covid-related death rate in the world. Recent Oxford University research showed that the UK currently has the highest daily coronavirus death rate in the world. Piers Morgan accused the Government’s Work and Pensions Secretary of suggesting the […]
The pound has climbed against the euro after figures showed Italy fell into recession at the end of 2018, while German consumers stopped spending in December. Sterling has endured a political rollercoaster this week after MPs voted in Parliament on Brexit for Prime Minister Theresa May to return to Brussels to try and thrash out […]
The pound to euro exchange rate has decreased despite the odds of a no-deal Brexit slimming, experts have said. On Tuesday, after a day of debate concerning different amendments to the Withdrawal Agreement originally proposed by Prime Minister Theresa May, MPs supported a new approach to reopen the agreement and replace the backstop with “alternative […]
The ongoing Brexit uncertainty “lit a fire” sending the value of sterling soaring last week, according to experts. The failure of Prime Minister Theresa May and her government to find a divorce deal from the European Union has sparked unexpected consequences for the pound. Earlier this month, the pound reached a two month high against […]
