Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Facebook Facebook logo Sign up for Facebook to connect with Jakub Porzycki Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more

Here are three things the Fed’s done wrong, and what’s still not right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, June 14, 2022. Facebook Facebook logo Sign up for Facebook to connect with Sarah Silbiger Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy … Read more

Dow Drops About 700 Points as Post-Fed Rally Reverses

US stocks tumbled Thursday, undoing the prior day’s gains as volatility continued to rock the market and investors focused on the risks ahead. Major indexes have notched big declines in 2022 as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors’ appetite for risk. Stocks rallied Wednesday after … Read more

Stock Futures Falter as Post-Fed Rally Fades

US stock futures and global indexes slumped, suggesting Wall Street’s post-Fed meeting rally isn’t set to last. Futures tied to the S&P 500 dropped 1.9% on Thursday, a day after the broad index rallied 1.5% to halt a five-day losing streak. Blue-chip Dow Jones Industrial Average Futures lost 1.5% while Nasdaq-100 futures fell 2.2%, putting … Read more

US Stocks Rise Ahead of Fed Rate Decision

The S&P 500 climbed 0.9%. The Dow Jones Industrial Average added 113 points, or 0.4%, to 30478, and the Nasdaq Composite rose 1.4%. The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 pm ET. Investors expect the Fed to raise its short-term benchmark rate … Read more

Earnings Are Under Threat, Another Blow to Sagging Stock Market

Stocks have fallen this year in the face of rising interest rates. With inflation showing little sign of cooling, many investors fear corporate earnings could be the market’s next support to fall. The S&P 500 has dropped 18% in 2022, its worst start to a year since 1962, as the Federal Reserve embarks on a … Read more

European Central Bank confirms July rate hike plans, raises inflation projections

The European Central Bank faces a tough balancing act, with inflation running at record highs while the war in Ukraine casts a shadow over the growth outlook. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month … Read more