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Russia’s invasion of Ukraine is causing fallout in the unlikeliest of places: Pakistani tea shops
A Pakistani minister suggested people cut their drinking by "one to two cups" to protect the country's foreign reserves amid soaring commodity prices. Read MoreSource link
S.Korea cuts 2022 growth outlook, vows to lower corporate tax rate By Reuters
© Reuters. FILE PHOTO: A truck carrying a shipping container travels past cranes at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. REUTERS/Kim Hong-Ji/File PhotoBy Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea's…
Kevin O’Leary says there’s no evidence of a recession right now
The U.S. economy is much stronger than people think, and there's "no evidence" of an impending slowdown or recession yet, says celebrity investor Kevin O'Leary."I'm not saying we won't get one, but everybody that's saying it's coming…
Asian Stocks Up as Further Super-sized Interest Rate Hike Would Be Rare By Investing.com
© ReutersBy Zhang Mengying
Investing.com – Asia Pacific stocks were up on Thursday morning, boosted by the U.S. Federal Reserve Chair Jerome Powell’s comment that further super-sized interest-rate hikes is rare after the central…
Bond Market Losses Just Beginning as Fed Sets Path to 4% Yields
(Bloomberg) -- It’s too soon to call an end to America’s worst bond-market collapse in at least half a century.Most Read from BloombergTreasuries resumed losses on Thursday with yields surging around 10 basis points, a day after Federal…
Goldman says Beijing is stepping up support for businesses — and names stocks that will get a boost
Whether it's more government spending or an interest rate cut, Goldman Sachs is expecting a range of policy support in China — and has stock picks for each policy.Source link
3 crucial financial moves to make now after the Fed’s biggest rate hike since 1994
In a matter of months, it’s become more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seeped into borrowing costs.
It’s tough medicine that central bankers…
Dow Jones Futures: Why Stocks Rallied On Big Fed Rate Hike; What To Do Now
Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. The stock market wobbled Wednesday after the Federal Reserve raised interest rates by the most since 1994, but revved higher as Fed chief…
Twitter cancels its companywide trip to Disneyland in latest sign of tech industry retrenchment
The retreat, scheduled for January 2023, was canceled as a cost-cutting measure. Read MoreSource link
Stocks rally, Treasury yields rise after Fed lifts rates by 75 bps By Reuters
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© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan's Nikkei index and the Dow Jones…