‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

Stock futures are lower following Thursday’s broad sell-off

Stock futures were lower on Friday morning following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures tied to the S&P 500 were down 0.25%. Dow Jones Industrial Average futures lost 0.36% or 106 points. Nasdaq 100 futures were 0.26% lower. The 2022 sell-off resumed in full force during regular … Read more

Asia stocks fall after Wall Street slump; China PMI beats estimates

Japan movers: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing Purchasing Managers’ Index surprisingly grew in September to 50.1, much higher than the 49.6 predicted by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI prints compare … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more

Jobless claims hit five-month low despite Fed’s efforts to slow labor market

A person arranges groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, DC, August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow … Read more

Stock futures fall 1% after Wednesday’s big market rally

Stock futures slumped on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones dropped 324 points, or 1.08%, while S&P 500 and Nasdaq 100 futures declined 1.02% and 1.34%, respectively. The overnight moves came following a broad rally for stocks … Read more

European markets rebounds after BoE steps in to calm markets

CNBC Pro: Analyst says this FAANG stock is an evergreen winner — and investors should buy the dip Tech stocks have had a difficult year so far but a Rosenblatt Securities analyst thinks the sell-off is an opportunity for long-term investors to buy the dip. “Stay away from the losers,” he said, recommending “winners in … Read more

Stock futures inch lower after Wednesday’s big market rally

Stock futures inched lower on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones slipped 22 points, or 0.07%, while S&P 500 and Nasdaq 100 futures shed 0.08% and 0.2%, respectively. The overnight moves came following a broad rally for … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more