Tag Archives: United States

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 …

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 …

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. …

Hong Kong CNN Business  —  Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US Federal Reserve raised rates by 75 basis points and forecast even more hikes ahead, fueling concerns about a recession. The Hang Seng (HSI) …

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people …

Stocks rose Wednesday as traders awaited another likely interest rate hike at the conclusion of the Federal Reserve’s September meeting. The Dow Jones Industrial Average gained 171 points, or 0.56%. The S&P 500 climbed 0.57%, and the Nasdaq Composite added 0.34%. The central bank on Wednesday is expected to deliver …

Siriporn Wongmanee / Eyeem | Eyeem | Getty Images The U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations. Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the …

Across the U.S., rent prices continue to soar. But in a few select places, it’s decreasing. That’s according to real estate site Zumper’s recently released national rent report for August 2022, which shows a continuation of record-high prices for one-bedroom apartments. Zumper analyzed national rental data from over 1 million …

CNN  —  When it gets too hot in Denver and Baltimore classrooms, students are sent home because their schools don’t have air conditioning. In Massachusetts, checking for rusty water leaking from a ceiling has become a “morning ritual.” In California, a school’s cockroach infestation has gotten so bad that some …

At a gathering of current and former U.S. officials and private-sector executives Friday in Washington, concern was rampant that the United States has fallen behind China in the development of several key technologies, and that it faces an uncertain future in which other countries could challenge its historic dominance in …