Bond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.
The Dow’s 1,507-point intraday swing was its largest since March 2022 and sixth-largest swing over the last decade.
Rich young Americans are willing to bet on crypto.
The U.S. will likely enter a recession in the next six to nine months, JPMorgan Chase CEO Jamie Dimon predicted Monday.
Stocks tumbled Friday as investors reacted to data revealing a stronger-than-expected labour market.
Adidas placed its lucrative partnership with rapper Kanye West “under review”
Twitter shares initially rose 13% early Tuesday afternoon after Bloomberg reported Musk’s purchase agreement is back on, and the price kept rising after a midday trading halt ended.
Investors continue to fret over tighter monetary policy .
The US stock market has sputtered in 2022.
USD moves could spell further doom and gloom for the slumping stock market.