Finance

New York Stock Exchange.Photo by Wang Ying/Xinhua via Getty Images (Xinhua/Wang Ying via Getty Images The S&P 500 has come under intense scrutiny, given that its gains were not widespread and were fueled by a handful of tech stocks. Many experts pointed to the high concentration risk, while others warned of an imminent market sell-off. … Read more

By Jamie McGeever (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Optimism and relief are expected to be the dominant emotions among investors on Monday, giving Asian markets a boost as lawmakers in Washington reach an agreement in principle on the US debt ceiling, eliminating the risk of a … Read more

Financial markets could be volatile on Tuesday due to the interim debt ceiling agreement reached by President Biden and Kevin McCarthy, as the deal faces a potential Republican rebellion in the House. Key points to remember Andrew Clyde and Chip Roy have announced their intention to push back on the tentative agreement reached by President … Read more

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I’m turning the wheel over to Rebecca Bellan next week, and she’s mostly steering things this week (I had to add a few of my thoughts in here cuz … Read more

(Bloomberg) – Global markets are poised for a relief rally after U.S. negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has rattled risk sentiment in recent weeks . Bloomberg’s Most Read The US dollar, which benefited from angst over the statutory borrowing limit, edged lower against most Group … Read more

Text size US stock and bond markets will be closed Monday for Memorial Day. A busy week of earnings reports and labor market data will follow. Earnings highlights will include the results of Hewlett Packard Enterprise And HP Inc. Tuesday, then Advanced auto parts , Soft , And Selling power Wednesday. Broadcom , Dell Technologies … Read more

(Bloomberg) – The government spending cap in Washington’s deal to raise the federal debt ceiling adds fresh headwinds to a U.S. economy already burdened by the highest interest rates in decades and access reduced to credit. Bloomberg’s Most Read The tentative deal hammered out by President Joe Biden and House Speaker Kevin McCarthy over the … Read more

Bull market or bear market? Or a trend-less market as seen for weeks ahead of Saturday’s news that political leaders on both sides of the U.S. chambers of Congress have reached a deal in principle to raise the debt ceiling? Regardless of what stage of the market cycle we’re in, some folks never tire of … Read more

State Farm will no longer provide homeowners insurance to new California customers due to wildfire risks and increased construction costs, the company announced Friday. On Saturday, the insurance company stopped accepting new claims for business and personal lines and property and casualty insurance in California, the company said in a news release. State Farm said … Read more

Bank of England Andrew Bailey Inflation Last week’s inflation figure was a real stench. You might have been fooled into thinking this was good news because the overall rate fell from 10.1% to 8.7%, but this drop was only caused by the exceptional increase in energy prices. last April, out of the annual comparison. The … Read more