Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.
Financial News
Tech rout is just a ‘shake-out’: Top CEOs predict what’s next for markets
A recent sell-off in global technology stocks is not likely to metastasize into a crisis, top CEOs and investors have told CNBC.
U.S. announces major Asia economic deal in effort to boost profile, counter China
In a move to raise its profile and create a counterbalance to China within Asia, the United States has announced the Indo-Pacific Economic Framework.
Stock futures rise after Dow falls for 8th-straight week in relentless sell-off
Stock futures rose in overnight trading Sunday after the Dow fell for its 8th straight week amid a broader market sell-off.
Tech stocks are mired in their longest weekly losing streak since dot-com bust
The Nasdaq’s seven-week losing streak underscores the shift in investor sentiment away from technology and growth stocks as the broader markets sell off.
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Stocks were under pressure for most of Friday’s session as investors worried the economy could fall into a recession.
S&P 500 falls again on Thursday, inching closer to bear market territory
The broad market index was under pressure after experiencing its worst one-day drop since 2020.
Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies
Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
Some factories might leave China, but in the grand scheme of things it doesn’t matter much
Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened.