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The Latest Breaking News from US Federal Reserve

Sensex crashes 1,093 points; Nifty settles at 17,531: Top reasons behind market fall

NEW DELHI: Equity indices plunged for the third straight session on Friday with the benchmark BSE sensex crashing nearly 1,100 points amid heavy selloff across all sectors.

The Times of India

US Stocks Could Open Lower As Uncertainty Looms Ahead Of FOMC Meeting, Futures Trading Shows — FedEx, Adobe In Focus

U.S. stocks are on track to extend their losses, with the major index futures moving sharply lower on Friday. An inflation reading due shortly after the market open may have a big say in how the market trades in the final session of the week, especially ahead of the September…

Benzinga

The Feds want dollars to move much faster

Several reports coming from the Biden administration today show it is prioritizing speeding up global and international payments.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Don't hold your breath for lower mortgage rates

Inflation has put the Fed squarely on the path toward higher interest rates.

Axios

Baht falls below 37 to the dollar

The baht fell past 37 to the US dollar — its lowest since December 2006 — as several Asian currencies hit multi-year lows on Friday.

Bangkok Post

Oil Ticks Up, but on Track for Weekly Loss on Recession Fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. Brent crude futures were up 56 cents, or 0.6%, to $91.40 a barrel as at 0610 GMT, but were down…

Asharq Al-Awsat

Asian stocks follow Wall St lower amid inflation pressure

Asian stock markets have followed Wall Street lower after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease away from more interest rate hikes

The Independent UK

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Ethereum Tumbles After 'Merge,' Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens

Major coins fell sharply on Thursday evening as the global cryptocurrency market cap lost 4% to $960.8 billion at 8:15 a.m. EDT.

Benzinga

More interest rate rises ahead but pace of increase set to slow, RBA governor says

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises.

ABC News

2 Reliable Drug Stocks to Buy and Hold for Big-Time Gains

Persistent rate hikes by the Fed and rising odds of a recession have aggravated market turbulence and led investors to seek refuge in defensive sectors such as healthcare. Defensive stocks tend to perform well in declining markets due to the steady demand for their products. Hence, consistent dividend-yielding drug stocks…

StockNews.com

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation. The World Bank warns of a global recession because of higher rates.

ABC News

1 SaaS Stock to Buy This Fall and 1 to Sell

Rapid digitization across industries in this digital era is boosting the Software-as-a-Service (SaaS) market. Given the industry’s solid prospects, SaaS stock Informatica (INFA) might be an ideal investment. However, we think a fundamentally weak stock, UiPath (PATH), might be best avoided considering the market volatility. Read more….

StockNews.com

3 Stocks You Don't Want to Buy on the Bottom

August inflation figures remained unrestrained despite the Fed's consecutive rate hikes, and another significant hike seems evident next week. Given the rising recession fears, we think fundamentally weak stocks Warner Bros. (WBD), Snap (SNAP), and ChargePoint (CHPT), which are trading near their 52-week lows, might be best avoided. Keep reading….

StockNews.com

Founder Of World's Largest Hedge Fund Rails Against Fed, Predicts 20% Stock Plummet

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

Benzinga

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The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The New Daily

ASX ’outperforms’ amid fallout from Wall Street carnage

The Australian market was not immune from the sell-off on Wall Street but was able to 'outperform' relatively, falling by only 2.6 per cent.

The Independent UK

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

ABC News

ASX rebounds slightly after investors buy the dip and employment rises, Westpac closes more branches

The ASX and Wall Street made modest gains in cautious trade after yesterday's share market rout. Westpac and CBA plan to close more bank branches.

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StockNews.com

Snap, Twitter, and 1 Other Stock You Should Sell Right Now

The raging inflation and the Fed’s aggressive rate hikes has led advertisers to cut back on spending, which is, in turn affecting social media companies. With the Fed expected to launch another significant rate hike this month, we think investors should avoid Twitter (TWTR), Snap (SNAP), and Groupon (GRPN). Read…

StockNews.com

5 Stocks to Sell Before Things Get Even Uglier

August’s CPI report revealed that inflation is far from being eased, enhancing the odds of another big Fed rate hike next week. With stubbornly high prices and tumbling market sentiment, it could be wise to sell fundamentally weak stocks Lucid Group (LCID), Plug Power (PLUG), AMC Entertainment (AMC), Peloton Interactive…

Axios

New survey: CEO optimism down, not out

The Business Roundtable's closely-watched survey shows Corporate America is getting increasingly cautious about the economy.

StockNews.com

1 Underperforming ETF Every Investor Will Want to Avoid Right Now

Cathie Wood’s ARK Investment Management’s flagship fund ARK Innovation (ARKK), has dropped more than 56% in price year-to-date, as its tech stock holdings have been hard hit amid the broader market sell-offs on concerns over rising inflation, aggressive interest rate hikes, and a potential recession. Hence, we think investors should…

Benzinga

Tesla, Meta, NVIDIA And Other Big Losers From Tuesday

U.S. stocks closed sharply lower with the Nasdaq Composite dipping more than 5% on Tuesday. Here is the list of some big stocks moving lower in the previous session.

France 24

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

Benzinga

Why Comera Life Sciences Shares Jumped 101%; Here Are 74 Biggest Movers From Yesterday

Gainers Akero Therapeutics, Inc. (NASDAQ: AKRO) shares jumped 136.8% to settle at $29.05 on Tuesday after the company's Phase 2b HARMONY study met its primary endpoint for both the 50mg and 28mg EFX dose groups.

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