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A Bear Market May be on the Horizon. Here’s What That Means
Economy
A Bear Market May be on the Horizon. Here’s What That Means

NEW YORK (AP) — The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and... Read More

Wall Street
Wall Street Slumps, Erasing a Big Rally From a Day Earlier

NEW YORK (AP) — Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve’s stepped-up fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by half... Read More

Wall Street
US, World Markets Retreat After Powell's Hawkish Rate Stance

NEW YORK (AP) — Wall Street was pointed toward losses before markets opened on Friday, following global shares lower after Federal Reserve Chair Jerome Powell indicated aggressive increases in interest rates were needed to fight inflation. The futures for the Dow industrials... Read More

Federal Reserve
Fed Begins Inflation Fight With Key Rate Hike, More to Come

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year. The Fed's quarter-point hike... Read More

Wall Street
Wall Street Heads for Gains after World Shares Sink

Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in... Read More

Wall Street
World Shares Mixed, Oil Down $5.50 Per Barrel

BANGKOK (AP) — Shares rose in Europe after a mixed session in Asia on Monday, where Hong Kong’s Hang Seng index sank 5% after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak... Read More

Wall Street
Stocks Slip on Wall Street as Oil and Inflation Worries Rise

NEW YORK (AP) — Stocks slipped on Wall Street Thursday as global markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 slumped 1.2% in morning trading, on pace for its... Read More

Wall Street
Oil Climbs, Stocks Waver as US Nears Ban of Russian Crude

NEW YORK (AP) — Stocks around the world swung on Tuesday, oil prices rose sharply and the price of nickel surged so much that trading for it was shut in London, as the economic fallout from Russia’s invasion of Ukraine keeps rocking... Read More

Wall Street
Stocks Fall on Wall Street as US Oil Price Briefly Hits $130

NEW YORK (AP) — Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world's already high inflation. The S&P 500 sank 1.5% after a barrel of U.S. oil leaped as... Read More

Wall Street
Stocks Mixed, Oil Tops $110 a Barrel as Ukraine War Rages

NEW YORK (AP) — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve... Read More

Wall Street
Stocks Tumble; Oil, Wheat Prices Soar After Ukraine Attack

NEW YORK (AP) — Stocks tumbled worldwide on Thursday after Russia’s attack of Ukraine sent fear coursing through markets and upped the pressure on the high inflation already squeezing the global economy. On Wall Street, the S&P 500 sank 1.6%... Read More

Wall Street
Stocks Slip, Yields Soar on Hottest Inflation in 40 Years

NEW YORK (AP) — With inflation going only higher, stocks are slipping on Wall Street Thursday as expectations build that the Federal Reserve will have to get more aggressive about removing the tremendous support it’s given the economy. The hottest... Read More

Wall Street
US Markets Turn Lower After Meta's Mega Earnings Rout

NEW YORK (AP) — U.S. markets pointed lower Thursday with tech stocks weighing down broader indexes after a weak quarterly earnings report from Facebook parent company Meta. The numbers from Meta, released late Wednesday, checked a brief recovery in U.S. markets that... Read More

Wall Street
Stocks Rise, Still on Pace for Worst Month Since March 2020

Stocks are rising Monday, trimming some of their worst monthly loss since the early days of the pandemic, as Wall Street closes a tumultuous January wracked by worries that imminent interest-rate hikes will make everything in markets more challenging. The... Read More

Economy
Wall Street Lower as Retail Sales Post Steep Drop in July

Stocks are dropping on Wall Street early Tuesday amid turmoil in Afghanistan and unease about a weaker economic outlook in China. The S&P 500 lost 0.6% and the Dow Jones Industrial Average fell 0.7%. A report showed Americans cut back... Read More

Wall Street
Fight The Man: What GameStop's Surge Says About Online Mobs

It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of... Read More

Wall Street
Scaramucci Predicts Biden Win 'Great for Markets'
2020-11-09 14:18:38
by Kate Michael

WASHINGTON — Less than 24 hours before news organizations called the election for President-Elect Biden, financier Anthony Scaramucci predicted, “It’s likely to be Pennsylvania that tips this thing… and [Biden’s] election is great for the markets.” Speaking at an Axios... Read More

Health
Coronavirus Crisis Seeds Chaos in Washington and on Wall Street

NEW YORK — In the 24 hours after President Donald Trump assured Americans that the response to the coronavirus was well in hand, signs of disorder began to emerge from Washington to Wall Street. The Trump administration was accused of... Read More

Straight From The Well