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  • Wall Street closes with sharp gains as final quarter begins Oct 04, 2022 06:18 AM IST

    Wall Street closes with sharp gains as final quarter begins

    The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.

  • Eco Week | US jobs at cruising speed may keep up pressure on Fed Oct 02, 2022 06:26 AM IST

    Eco Week | US jobs at cruising speed may keep up pressure on Fed

    While the advance in employment would be the smallest since the end of 2020, it would still exceed the average gain of the five years that preceded the pandemic

  • World economy roiled by simultaneous shocks echoing 2007 anxiety Oct 02, 2022 06:17 AM IST

    World economy roiled by simultaneous shocks echoing 2007 anxiety

    Having failed to foresee the surge in inflation to multi-decade highs, the Federal Reserve and most peers are now lifting rates at speed in a bid to restore price stability and their own credibility

  • Wall Street ends down sharply; investors fret over economy Sep 30, 2022 06:18 AM IST

    Wall Street ends down sharply; investors fret over economy

    With tech heavyweights Apple Inc (AAPL.O) and Nvidia Corp (NVDA.O) slumping more than 4%, the Nasdaq sank to near its lowest level of 2022, set in mid-June.

  • Investor Stanley Druckenmiller sees U.S. falling into recession next year Sep 29, 2022 12:03 PM IST

    Investor Stanley Druckenmiller sees U.S. falling into recession next year

    Speaking at CNBC’s Delivering Alpha Conference in New York, Druckenmiller, founder of the Duquesne family office that manages his wealth, said he “would be stunned” if the U.S. does not have a recession in 2023 as a result of Fed tightening.

  • Gundlach starts buying after worst US treasury rout in decades Sep 27, 2022 05:05 PM IST

    Gundlach starts buying after worst US treasury rout in decades

    While US 10-year yields have climbed about 235 basis points in 2022, exceeding any annual increase on record in data going back to 1962, there was some relief on Tuesday with the benchmark yield falling 10 basis points to 3.82%.

  • The great bond bubble is ‘Poof, Gone’ in worst year since 1949 Sep 25, 2022 12:55 PM IST

    The great bond bubble is ‘Poof, Gone’ in worst year since 1949

    With central banks worldwide aggressively ratcheting up interest rates in the face of stubbornly high inflation, prices are tumbling as traders race to catch up. And with that has come a grim parade of superlatives on how bad it has become.

  • The great bond bubble is ‘Poof, Gone’ in worst year since 1949 Sep 25, 2022 12:43 PM IST

    The great bond bubble is ‘Poof, Gone’ in worst year since 1949

    With central banks worldwide aggressively ratcheting up interest rates in the face of stubbornly high inflation, prices are tumbling as traders race to catch up. And with that has come a grim parade of superlatives on how bad it has become.

  • US Federal Reserve willing to tolerate a recession for taming inflation: Key takeaways from Powell's presser Sep 22, 2022 12:14 PM IST

    US Federal Reserve willing to tolerate a recession for taming inflation: Key takeaways from Powell's presser

    Fed Chair Jerome Powell has hinted that the central bank may be willing to tolerate a recession, to get inflation back in control. Here are some of the sharpest comments:

  • US bank CEOs back Fed hikes during congressional grilling on economy, China ties Sep 22, 2022 06:52 AM IST

    US bank CEOs back Fed hikes during congressional grilling on economy, China ties

    The line-up before the House of Representatives Financial Services Committee included CEOs of the four largest U.S. banks: JPMorgan Chase & Co's Jamie Dimon, Wells Fargo's Charles Scharf, Bank of America's Brian Moynihan and Citigroup's Jane Fraser.

  • What we keep getting wrong about inflation Sep 16, 2022 01:29 PM IST

    What we keep getting wrong about inflation

    There are two distinct worlds that are sources of inflation and each merits a separate response, argues Tim Harford

  • The rollercoaster ahead for the economy and investors Sep 16, 2022 08:30 AM IST

    The rollercoaster ahead for the economy and investors

    For policymakers and investors, there will be more bracing realities to digest in the months ahead

  • Inflation surprise puts onus on Fed to hit brakes even harder Sep 14, 2022 06:53 AM IST

    Inflation surprise puts onus on Fed to hit brakes even harder

    What started as a pandemic-driven supply shock has morphed into widespread inflation rooted just as much in resilient demand, underscored by unexpectedly high numbers that dashed hopes price gains were ebbing.

  • US deflation in pipeline and auto debt in harm's way: Ark Invest CEO Cathie Wood Sep 12, 2022 01:43 PM IST

    US deflation in pipeline and auto debt in harm's way: Ark Invest CEO Cathie Wood

    Speaking of the risk from auto debt, Wood said: "This time around, thanks to ride-hailing - and soon less expensive autonomous taxis - individuals are unlikely to prioritise auto debt payments over mortgage payments, which could turn backward-looking quant models upside down."

  • Fed's Christopher Waller: need aggressive rate hikes now while economy can take it Sep 10, 2022 10:06 AM IST

    Fed's Christopher Waller: need aggressive rate hikes now while economy can take it

    The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C.

  • Janet Yellen says US economy stronger than before pandemic but inflation a threat Sep 09, 2022 06:59 AM IST

    Janet Yellen says US economy stronger than before pandemic but inflation a threat

    Traveling to Detroit to tout the impact of recent legislative achievements ahead of congressional elections in November, including hundreds of billions of dollars of investments in semiconductors, research, health care, green energy and infrastructure, Yellen said combating inflation was the still the administration's "top economic priority."

  • US hiring slowed in August as employers add 315,000 jobs Sep 02, 2022 06:15 PM IST

    US hiring slowed in August as employers add 315,000 jobs

    The unemployment rate rose to 3.7%, from a half-century low of 3.5% in July, as more Americans came off the sidelines to look for jobs.

  • From inflation to recession: US tech firms fret over dollar Sep 02, 2022 10:46 AM IST

    From inflation to recession: US tech firms fret over dollar

    A strong dollar, inflation, tight labour markets and supply chain issues have played havoc with the costs of technology firms. Many have pruned guidance as clients are taking a measured approach.

  • Inflation or recession? US Inc. puts its money on demand Sep 02, 2022 08:11 AM IST

    Inflation or recession? US Inc. puts its money on demand

    In spite of a sticky inflation, and a choppy geopolitical situation, from banking to pharma to Big Oil — all are convinced of sunny days ahead

  • From inflation to recession: US retailers keep faith in the consumer – Part 1  Sep 01, 2022 03:55 PM IST

    From inflation to recession: US retailers keep faith in the consumer – Part 1 

    In this three-part series, we bring you a distilled version of the top US companies and their management commentary counting on growth, even amid signs of a recession and inflation.

  • US economy flashes signals of hope and concern in mixed data Aug 21, 2022 06:10 AM IST

    US economy flashes signals of hope and concern in mixed data

    Consumers continue to spend and applications for unemployment benefits remain historically low. The housing market is deteriorating fast, while the manufacturing sector is losing momentum, but not as quickly as feared

  • Asia stocks in limbo as dollar takes the lead Aug 19, 2022 07:06 AM IST

    Asia stocks in limbo as dollar takes the lead

    Added concerns about the health of China's economy saw MSCI's broadest index of Asia-Pacific shares outside Japan ease 0.3%, to be down 1.1% on the week.

  • S&P 500, Nasdaq close up 4th straight week as optimism grows Aug 13, 2022 06:39 AM IST

    S&P 500, Nasdaq close up 4th straight week as optimism grows

    The S&P 500 crossed a closely watched technical level of 4,231 points, indicating the benchmark index has recouped half its losses since tumbling from the all-time peak in January. A 50 percent retracement for some signals a bull market

  • China primary market trounces the world with record $58 billion boom Aug 07, 2022 06:57 AM IST

    China primary market trounces the world with record $58 billion boom

    China’s IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill

  • Respite in US inflation unlikely to derail Fed rate-hike plans Aug 07, 2022 06:37 AM IST

    Respite in US inflation unlikely to derail Fed rate-hike plans

    After a sizzling July payrolls report that included a larger-than-forecast pickup in hourly earnings, Federal Reserve policy makers remain tilted toward large interest-rate hikes

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