Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week beset by worries aboutrampant U.S. inflation the worsening…
Tag: Jerome Powell
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Stocks tumble on weak U.S. consumer confidence
U.S. consumer confidence this month unexpectedly fell to its lowest since February, intensifying concerns about the economy’s prospects…
Tech stocks power Nasdaq to records; Apple hits new all-time high
The Nasdaq Composite hit a record high on Wednesday, with high-growth technology stocks in the lead after much-weaker-than-expected…
Nasdaq closes at record high as Big Tech roars back
The Nasdaq ended at a record high on Tuesday, lifted by Apple, Amazon, and other top-shelf tech companies as investors shifted their focus…
Stocks struggle as tech sell-off eclipses commodities surge
Stocks struggled worldwide on Tuesday as a rally in commodity-related assets was eclipsed by a sell-off of tech stocks and investors awaited…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Apple shares surge as investors buy the coronavirus dip
Shares of Apple surged back from a 4-month low to jump 6.3% and lift the S&P 500 more than any other company. The stock market bounced back on Monday…
Dow rallies more than 350 points as U.S. unemployment hits 50-year low
The U.S. economy added 136,000 jobs in September as the unemployment rate fell to 3.5 percent, its lowest since 1969, the Bureau of Labor Statistics said…
Apple will buy Tesla – and other outrageous predictions for 2019
What price Apple to buy Tesla in 2019?
