The Federal Reserve is raised interest rates by 75 basis points on Nov. 2 for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Read more
Tag: suffers
Utilities slump into bear market as defensive sector suffers steep selloff
The utilities sector tumbled into a bear market Wednesday, extending a historically steep selloff for stocks traditionally seen as a defensive haven. The S&P 500 utilities sector traded at a Read more
RBA suffers huge accounting losses from bond-buying program
SYDNEY — The Reserve Bank of Australia has suffered huge accounting losses as a result of the government bond-buying program it undertook through the pandemic, leaving it temporarily in a Read more
Google Search suffers rare but brief outage Monday night
Google’s search engine experienced a rare outage Monday night. Google Search inquiries generated an error message for many people around the world, from the U.S. to the U.K. to Singapore, Read more
Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities Read more
SpaceX suffers apparent setback with Starship booster fire
SpaceX suffered an apparent setback Monday with one of its Starship boosters, with video captured by NASASpaceFlight.com showing what appeared to be a fiery explosion under a Super Heavy booster. Read more
The euro suffers another big selloff, pushing it closer to parity against a strong dollar
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Read more
The euro suffers another big selloff, pushing it closer to parity against a strong dollar
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Read more