From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Here’s What Costco Says About Inflation — And An Increase In Membership Fee

Since the market is obsessed with inflation and why the Fed would step off the accelerator, it’s worth considering what some companies are saying about it. The view of Costco Wholesale, the warehouse seller known for its competitive prices, seems so good for a start. And CFO Richard Galanti’s comments on his conference call suggest … Read more

Jobs report expected to heat up, which could lead to aggressive Fed

A “We’re Hiring” sign was posted at a Target store in San Rafael, California, on August 5, 2022. Justin Sullivan | Getty Images Job growth in August likely slowed from the frenzied pace of July, but is still expected to have been quite strong, with broad hiring across many sectors. Monthly jobs data is always … Read more

The dollar will get even stronger. Why that could hurt the global economy

Even for mighty ones Microsoft , $595 million is a lot of money. That’s how much the software giant’s revenue fell in the most recent quarter due to the increasingly strong US dollar. A wide range of large-cap US companies have revised their forecasts due to a decline in repatriated profits due to the strong … Read more

Chinese tech giants record worst-ever growth due to zero Covid

Chinese tech giants, including Alibaba, have seen slower to no growth as the Chinese economy faces weakness from Beijing’s zero-covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off the back of their worst quarter of growth in history as a major slowdown in the world’s second-largest economy, fueled by … Read more

Powell probably won’t tell investors what they want to hear on Friday

Federal Reserve Board chairman Jerome Powell speaks at a news conference after a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters Investors are looking for new guidance in Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole, Wyoming Friday, but he could instead deliver the … Read more

Nvidia (NVDA) profit Q2 2023

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks at the company’s event at Mobile World Congress Americas in Los Angeles on October 21, 2019. Patrick T Fallon | Bloomberg | Getty Images Nvidia reported second-quarter earnings that beat Wall Street’s expectations for revenue and earnings per share. The report is in line … Read more

Half of UK households will be fuel poverty by January

As many as half of UK households may be facing fuel poverty due to the relentless rise in energy prices, EDF, the French utility company that also does business in the UK, has warned. “If you look at the numbers, more than half of UK households will be in fuel poverty in January, meaning they … Read more

A new supercycle is emerging for the economy, and these are the stocks that would benefit, says strategist

It’s been an interesting summer for financial markets – more or less, a string of mostly gloomy economic data has led traders to think the Fed will loosen the pedal a bit, although they’ve been less convinced of that view over the past week. Dario Perkins, general manager for global macro at research firm TS … Read more

China’s Alibaba and Tencent focus on cost cutting amid slowing growth

Alibaba has faced growth challenges amid tightening regulations on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jimian News | VCG | Getty Images Chinese tech giants Alibaba and Tencent often talk about … Read more