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Financial News Around the World

Worst is yet to come: Economist Stephen Roach says U.S. needs ‘miracle’ to avoid recession

Stephen Roach, known for serving as Morgan Stanley Asia chair, warns the Fed’s aggressive tightening policies haven’t kicked in yet.

Published 30 August 2022
Categorised as Finance News

Mortgage rates will fall to 4.5% in 2023? That’s the estimate from Fannie Mae. Here’s what that means for homebuyers

Fannie Mae says mortgage rates could fall to 4.5% next year. But prospective homebuyers shouldn’t use predictions as a primary guide to purchase decisions.

Published 29 August 2022
Categorised as Finance News

Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says

A paper released at the same Jackson Hole, Wyoming summit where Powell spoke suggests that the Fed can’t do the job itself.

Published 29 August 2022
Categorised as Finance News

Stocks making the biggest moves midday: Netflix, Pinduoduo, Catalent, Bristol-Myers and more

These are the stocks posting the largest moves in midday trading.

Published 29 August 2022
Categorised as Finance News

Here’s what’s next for stocks after Powell’s Jackson Hole speech

Let’s wait for two events: the economic data and the conferences, says CNBC’s Bob Pisani.

Published 29 August 2022
Categorised as Finance News

Op-ed: September is historically the worst month of the year for stocks, but recent strength suggests the market could buck the trend

It’s reasonable to expect a better-than-usual September, typically the worst month for stocks. Much of the annual de-risking took place earlier in the year.

Published 29 August 2022
Categorised as Finance News

Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets

Investors fled risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.

Published 29 August 2022
Categorised as Finance News

Stocks making the biggest moves premarket: Catalent, Pinduoduo, Netflix and others

These are the stocks posting the largest moves before the bell.

Published 29 August 2022
Categorised as Finance News

Three people with travel ‘dream jobs’ explain how they scored them

Three people with high-profile jobs in the travel industry share the humbling experiences that kickstarted their careers.

Published 29 August 2022
Categorised as Finance News

Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says

Risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement, Goldman Sachs analysts said.

Published 29 August 2022
Categorised as Finance News

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