the prices

For most US companies, the new federal interest rate means that loans now start at over 10% interest.

For most US companies, the new federal interest rate means that loans now start at over 10% interest.

US Federal Reserve Chairman Jerome Powell holds a press conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarck | Reuters With the Federal Reserve’s latest interest rate hike adding half a percentage point to the cost of debt capital and reaching …

For most US companies, the new federal interest rate means that loans now start at over 10% interest. Read More »

The Federal Reserve is about to raise interest rates for the last time this year.  Here's how it might affect you

The Federal Reserve is about to raise interest rates for the last time this year. Here’s how it might affect you

On Wednesday, the Federal Reserve is expected to raise interest rates for the seventh time this year to combat stubborn inflation. The US central bank is likely to agree to an increase of 0.5 percentage point, which is a more typical pace compared to the ultra-high 75 basis point moves at each of the past …

The Federal Reserve is about to raise interest rates for the last time this year. Here’s how it might affect you Read More »

Economists believe that inflation has peaked.  Main Street prepares for more pain

Economists believe that inflation has peaked. Main Street prepares for more pain

Shoppers at a Kroger supermarket on October 14, 2022 in Atlanta, Georgia. Elia Novelg | AFP | Getty Images More players in the stock market and among the ranks of professional economists have come to the view that inflation has peaked or is already declining, but Main Street small business owners don’t expect a respite …

Economists believe that inflation has peaked. Main Street prepares for more pain Read More »

European Markets Close Higher After Inflation Data From Eurozone;  Stoxx 600, up 6% for the month

European Markets Close Higher After Inflation Data From Eurozone; Stoxx 600, up 6% for the month

Wednesday, November 30, 202210:38 a.m. EST HSBC closes 114 branches in the UK and is considering selling its New Zealand business HSBC has announced plans to close 114 of its UK branches as it tries to improve returns after criticism from a major investor. The bank also announced a possible sale of its New Zealand …

European Markets Close Higher After Inflation Data From Eurozone; Stoxx 600, up 6% for the month Read More »

South Africa's economy stands at a pivot point as prospects improve, but political and energy risks remain

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain

LONDON – South African President Cyril Ramaphosa speaks during a news conference in central London on November 24, 2022. Justin Tallis/AFP via Getty Images South Africa’s long-awaited economic reforms are beginning to improve the country’s outlook, but long-standing problems of political uncertainty and a failing power system remain significant risks. A reconstruction plan and economic …

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain Read More »

European stocks extend gains on hope of Fed slowdown;  US markets are closed

European stocks extend gains on hope of Fed slowdown; US markets are closed

Thursday, November 24, 202211:44 a.m. EST European markets record gains for the third session European markets closed higher for the third consecutive session Stokes 600 The index rose 0.5% on Thursday. The FTSE 100 was flat while France’s CAC 40 rose 0.4% and Germany’s DAX rose 0.8%. By sector, the gains were led by the …

European stocks extend gains on hope of Fed slowdown; US markets are closed Read More »

European markets closed higher with the mining and retail sectors gaining

European markets closed higher with the mining and retail sectors gaining

Wednesday, November 23, 202211:52 a.m. EST European markets closed up 0.6%; Travel and mining gains offset Credit Suisse’s decline The pan-European Stoxx 600 closed 0.6% higher, led by gains in travel and leisure stocks, up 1.9%, and mining, up 1.8%. Beleaguered Credit Suisse was the worst performer, losing 6% after approving a 4 billion Swiss …

European markets closed higher with the mining and retail sectors gaining Read More »

Markets are watching for more clues of Fed increases and the economy next week

Markets are watching for more clues of Fed increases and the economy next week

Investors may be a bit more cautious next week, as stocks seek direction in quiet trade and bond market warnings of a recession get louder. Stocks made modest gains on Friday, but were negative for the week. The market may be slow in the upcoming Thanksgiving holiday week, which is one of the quietest trading …

Markets are watching for more clues of Fed increases and the economy next week Read More »