The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
Tag: Commodity/Financial Market News
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
What does the stock market’s rocky 2023 start mean for the rest of the year?
The first trading days of January loom large on Wall Street as being able to foretell the U.S. stock market’s direction for the full year. What does that mean for Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more
‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. A stocks rally fizzled out Read more
‘Rogue Russia’ is 2023’s most dangerous threat: Eurasia Group
An isolated and humiliated Russia is the biggest danger of 2023, political-risk consulting firm Eurasia Group said Tuesday, unveiling its annual list of top geopolitical risks. “A humiliated Russia will Read more
First tanker carrying LNG from U.S. arrives in Germany
The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it Read more
Oil prices fall to begin 2023 as China worries persist
Oil futures traded lower Tuesday to kick off the new year, reflecting continued worries that surging COVID-19 cases in China will crimp demand from one of the world’s largest energy Read more
Dow futures jump more than 300 points as traders start 2023 on a bullish note
U.S. stock futures rose as investors returned from the festive break in a generally bullish mood. How are stock-index futures trading S&P 500 futures ES00, +0.95% advanced 41 points, or Read more
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures sank Monday, ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, -0.29% jumped more than 200 points out of the gate, but Read more