The Latest Breaking News from Jerome Powell

The central bank has dished out another 75 basis-point rate hike in its efforts to tame the decades-high inflation. With a recession expected to hit the economy soon, fundamentally weak stocks Snap (SNAP) and Palantir Technologies (PLTR) might be best avoided. Read on….

The major stock market indexes added to Wednesday's bad vibes and are trading lower on Thursday afternoon, close to lows for the day. The market is still reeling from Fed Chair Jerome Powell's comments, which have intensified fears of a recession. The Nasdaq fell 1.5%. The S&P 500 lost 0.8%.…

London (AFP) - European stocks sank Thursday following sharp losses in Asia and on Wall Street, but the dollar spiked after the Federal Reserve signalled more hefty US interest rate hikes.

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

PTT reveals Q3 oil analysis

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.

Hong Kong (AFP) - Asian and European markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline and warned the battle against inflation was straining the US economy.

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

Asian stock markets have followed Wall Street lower after the Federal Reserve delivered another big interest rate hike and raised its outlook for more to cool galloping inflation