U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …
U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …
Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, …
Micron earnings suggest chip downturn could be worse than Wall Street expects Read More »
Eduardo Munoz Alvarez/Getty Images Despite a partial rebound in the latter stages of trading, major US stock averages ended considerably lower on Thursday. A risk rally that lifted stocks the day before hit a stumbling block as another under-forecast The rise in weekly jobless claims has raised concerns about the Fed’s continued aggressiveness as the …
Federal Reserve Chairman Jerome H. Powell admitted this week that he doesn’t know a few things about the US economy. He does not know if it is doomed to fall into recession. He does not know how long high inflation will persist. And he doesn’t know if healthier supply chains will help much. “It’s very …
Fed uncertain of direction of economy as Wall Street meltdown deepens Read More »
FedEx stock price fell after warning investors that its performance suffered last quarter. Joe Raedle/Getty Images hide caption toggle caption Joe Raedle/Getty Images FedEx stock price fell after warning investors that its performance suffered last quarter. Joe Raedle/Getty Images In a tough economy, FedEx isn’t delivering, and that worries Wall Street. Last quarter it handled …
FedEx announces unexpected bad news on Wall Street Read More »
Join now for FREE unlimited access to Reuters.com Register Tech stocks down after latest Fed rate move Investors are concerned about the possibility of a recession Darden Restaurants falls on disappointing quarterly sales JetBlue posts lowest close since March 2020 Indices down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sept 22 (Reuters) – Wall Street’s major …
Wall Street ends down for third day as growth worries weigh on tech Read More »
The Fed has made two 75 basis point interest rate hikes so far this year. An earlier version of this story said she delivered three. As U.S. stocks and bonds come under pressure on Tuesday, some on Wall Street say investors are underestimating the possibility that the Fed could offer a surprise 100 basis point …
Why investors fear a one percentage point Fed rate hike will disrupt Wall Street Read More »
Join now for FREE unlimited access to Reuters.com Register All eyes on the Fed’s policy decision on Wednesday Ford sees additional $1 billion in inflationary costs, stocks fall Nike slips after Barclays demotion over China lockdown issues Indices down: Dow 1.73%, S&P 1.8%, Nasdaq 1.58% Sep 20 (Reuters) – Wall Street tumbled on Tuesday as …
Wall Street tumbles as Fed focuses on Ford forecast and spooks investors Read More »
Join now for FREE unlimited access to Reuters.com Register All eyes are on the Fed’s policy decision on Wednesday Traders price in a small chance of a 100 bps rate hike Take Two’s GTA VI Gameplay Footage Leaked Online Knowbe4 jumps on the private offer Indices up: Dow 0.64%, S&P 0.69%, Nasdaq 0.76% Sep 19 …
Wall Street ends choppy session higher with firm focus on Fed Read More »
