Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances. As the company said in a news release Tuesday (Sept. 27), the platform will offer news, trends and tips, offering members and nonmembers a place to keep abreast of economic and market news …
Beer makers are facing many challenges as inflation and supply chain issues raise cost of brewing and shipping. Shortages in aluminum cans and carbon dioxide, used in brewing, have hampered some brewers. For consumers, beer prices are rising – up 5% so far this year – but not as fast as on other goods including …
Could there be a shortage? Inflation, supply chain issues remain Read More »
Japan is back from a long weekend today, Friday was a market holiday there. Bank of Japan Governor Kuroda is speaking with business leaders in Osaka later on Monday, due at 0530 GMT on 26 September 2022. Given the BOJ were instructed (by Japan’s ministry of Finance) to intervene in the JPY JPY The Japanese …
Bank of Japan Governor Kuroda is speaking today – expect yen weakness comments Read More »
Traders work on the floor of the New York Stock Exchange during morning trading on September 06, 2022 in New York City. Michael M. Santiago | Getty Images US equity futures were little changed Sunday evening after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year. …
A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors are bracing …
Wall St Week Ahead Investors wonder when vicious sell-off in US stocks will end Read More »
Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – The blue-chip Dow Jones Industrial Average (.DJI)tumbled to its lowest level since November 2020 on Friday, but narrowly missed ending more than 20% below its Jan. 4 closing record high. A Dow close below 29,439.72 would have confirmed a bear market that …
Dow drops but narrowly avoids confirming bear market status Read More »
Trump-linked SPAC merger loses support from PIPE investors Investors are pulling out of the deal by Digital World Acquisition to combine with Trump Media & Technology Group, a regulatory filing said. The moves come ahead of an October 10 special meeting of stockholders to approve the deal. The special purpose acquisition company (SPAC) said it …
Noel Hendrickson/Getty Images Even with signs that the housing market is cooling, homebuyers are still feeling the sting of elevated prices and higher interest rates. The average rate on a 30-year fixed-rate mortgage is 6.7% as of Friday, up from 3.3% at the start of 2022, according to Mortgage News Daily. Alongside that, home prices …
Some homebuyers are facing ‘payment shock.’ Ways to save on a mortgage Read More »
Fed hike likely to keep Asian risk assets under pressure, JPMorgan says Asian risk assets, especially export-oriented companies, will remain under pressure in the short term following the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong US dollar is likely to persist, but …
Fed hike, Bank of Japan, interest rates, currencies Read More »
““I would give you one very simple economic truth: Would you rather live in a country that capitalists are rushing to go into, or would you rather live in a country capitalists are rushing to get out of?”” — Larry Summers Economist Larry Summers on Wednesday sounded an ultimately optimism about the US economy despite …
Larry Summers predicted inflation, but now he’s looking on the bright side Read More »
