Wall Street falls on inflation fears and interest rate hikes

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow 0.70%, S&P 0.72%, Nasdaq 0.67% Oct 6 (Reuters) – Wall Street’s main indexes fell on Thursday on concerns about continued inflation and the Federal Reserve’s … Read more

Why won’t the Fed be so quick to ease its fight against inflation

Jerome Powell, US Federal Reserve Chairman, speaks during a federal hearing event in Washington, D.C., US, on Friday, September 23, 2022. This week, Federal Reserve officials gave their clearest signal yet that they are willing to take on a recession as a necessary trade-off to regain control of inflation. . Drago | Bloomberg | Getty … Read more

Analysis: Tesla may face its toughest challenges yet as the economy slows

SAN FRANCISCO, Oct. 4 (Reuters) – In July, Tesla (TSLA.O) CEO Elon Musk said the electric car maker had no problem with customer demand, just a problem making and shipping all of the consumers’ Model Ys and Model 3s they were willing to buy. This may no longer be true. Analysts are seeing early warning … Read more

Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Brazilian markets rose as Bolsonaro’s strong performance in the run-off ignited

SAO PAULO/BRASILIA (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro outperformed in the polls and secured his place in a tense run-off, denying leftist Luiz Inacio Lula da Silva an outright election victory. . first round. Bolsonaro’s unexpectedly strong performance on Sunday dashed hopes for a quick … Read more

Stuck in a vicious circle of coins

A man walks past an electronic board displaying forex rates at the currency exchange on September 30 (Photo: Pornprom Satrabhaya) Industry leaders called on the government and relevant authorities to do more to prevent the devaluation of the baht and mitigate the impact of the Bank of Thailand’s recent interest rate hike. However, market analysts … Read more

The super-rich in the US justify their low tax rates with three myths – all nonsense | Robert Reich

The Congressional Budget Office on Tuesday released a study of household wealth distribution trends between 1989 and 2019. During those 30 years, the richest 1% of families increased their share of the total national wealth from 27% to 34%. Families in the lower half of the economy now own just 2%. Meanwhile, a record share … Read more

‘The Federal Reserve is breaking things’ – this is what keeps Wall Street on edge as risks mount around the world

Jerome Powell, Chairman of the US Federal Reserve, during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Such as Federal Reserve Efforts to tame inflation are intensifying, sending the dollar, bonds and stocks up, and concern is growing that a central bank crackdown will … Read more