The Bank of England made its largest interest-rate increase in three decades in response to inflation that the central bank still expects to accelerate. By a 7-to-2 vote, the U.K. Read more
Tag: Money/Currency Markets
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
Robinhood’s active users fall, approaching pre-meme-stock-craze numbers
Shares of Robinhood Markets Inc. HOOD, -4.36% rose after hours Wednesday after the stock-trading app reported a narrower-than-expected loss and forecast lower expenses, even as active users turn away from Read more
Now’s the time to buy ‘bombed-out credit markets,’ says DoubleLine’s Jeffrey Gundlach
“We entered this year with no yields anywhere and stocks wildly overvalued versus their own metrics historically,” said Jeffrey Gundlach, CEO of DoubleLine, in an interview with CNBC on Wednesday. Read more
Bitcoin outperforms Nasdaq after Fed posts another big interest rate increase
Bitcoin outperformed major U.S. stock indexes on Wednesday, though both assets slid after the Federal Reserve raised its benchmark interest rate by 0.75 percentage point, as expected, while investors and Read more
What the latest Federal Reserve interest-rate increase means for your holiday spending plans and Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam
Hi, MarketWatchers. Don’t miss these top stories. Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam Mazini, whose real name is Jebara Igbara, amassed Read more
Benchmark U.S. Treasury yields stalled as traders await Fed decision
U.S. benchmark bond yields were little changed on Wednesday as traders kept their powder dry ahead of the Federal Reserve’s monetary policy decision later in the session. What’s happening The Read more
Aston Martin Lagonda global Q3 loss doubled; lowers 2022 guidance
Aston Martin Lagonda Global Holdings PLC AML, -11.71% said Wednesday that its loss for the third quarter more than doubled amid supply-chain challenges and foreign exchange revaluations and it lowered Read more
Dogecoin builds on gains after more than doubling in October
The price of popular meme coin Dogecoin rose sharply Tuesday, building on a gain that saw it more than double in value in October, following Elon Musk’s acquisition of Twitter Read more
U.S. manufacturing barely expands in October, ISM says
The numbers: A closely-watched index that measures U.S. manufacturing activity fell 0.7 percentage points to 50.2 in October, according to the Institute for Supply Management on Tuesday. Economists surveyed by Read more