Tag Archives: business news

At her bed-and-breakfast Nicole Butler hosts backyard potlucks with THC-infused food. Photo: Nicole Butler At Nicole Butler’s bed-and-breakfast, cannabis is in the candy that greets guests at check-in, the homemade shrimp and grits and other meals she serves, and the snacks she sets out for anyone who gets the munchies. …

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters U.K. bond markets went into a tailspin Friday as investors shunned the country’s assets. Yields (which move inversely to prices) on the 5-year gilt rose …

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 …

Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after another major rate hike from the Federal Reserve, flashing a warning of market distress. The policy-sensitive 2-year Treasury yield on Friday climbed to 4.266%, notching a 15-year high, and the benchmark 10-year Treasury hit 3.829%, the highest in 11 …

Stocks tumbled on Friday to close out a brutal week for financial markets as surging interest rates and foreign currency turmoil heightened fears of a global recession. The Dow Jones Industrial Average fell more than 700 points to fall below 30,000 to a new low for the year. The 30-stock …

A man exchanges US dollar bills at exchange office. Muhammed Semih Ugurlu | Anadolu Agency | Getty Images As the dollar hits 20-year highs against a wide number of key foreign currencies, the historic specter of foreign exchange market crises looms large. While now largely forgotten by all but those …

British pound drops 2.8% against dollar The British pound continued to fall into Friday afternoon, dropping as much as 2.8% against the dollar. It was trading at $1.0941 at 3:45 p.m. in London, as analysts said the prospect of reaching dollar parity was certainly on the table. Investors appear to …

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty …

U.S. stock futures were slightly higher on Thursday morning following a big decline in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures rose 110 points, or 0.36%. S&P 500 futures added 0.27% and Nasdaq 100 futures inched 0.1% higher. …

Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. The morning after Investors were seeking longer-term clarity from the Federal Reserve on Wednesday, but they didn’t like it when the central …