Dow turns lower after morning gains as Wall Street struggles to recover from worst selloff in two years
admin U.S. stock indexes traded slightly lower on Wednesday after shedding morning gains, as data showed…
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First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’
Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession…
Read MoreU.S. wholesale inflation falls for second month in a row due to cheaper gas
The numbers: The cost of wholesale goods and services fell 0.1% in August largely due…
Read MoreU.S. stock futures slip following Wall Street’s worst losses in more than two years
U.S. stock index futures slipped on Wednesday, after seeing the worst daily losses in two…
Read MoreMortgage rates hit 6% for the first time since 2008, while applications fall to lowest level since 1999
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing…
Read MoreU.S. known COVID cases hold at lowest level since May, but infections are rising again in New York
U.S. known cases of COVID are continuing to ease and now stand at their lowest…
Read MoreAny doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75…
Read MoreDow futures tumble over 500 points, turn south after hotter-than-expected CPI reading
U.S. stock-index futures gave up early gains to turn sharply lower Tuesday after an unexpected…
Read MoreU.S. stocks gain ground as investors await August inflation reading
U.S. stocks rose early Monday, on track for a fourth consecutive day of gains, as…
Read MoreFed will need ‘great skill’ and ‘good luck’ to bring down inflation without crashing the economy, Yellen says
The Federal Reserve has to use its judgment to bring inflation down along with the…
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