S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more

Markets Look To String Together Two Positive Weeks

After a quiet week of economic data last week, this week offers plenty of data for markets to … [+] digest. (Photo by Ian Waldie / Getty Images) Getty Images Key Takeaways Can Markets Build On Friday’s Gains? Full Slate of Economic Data This Week Volatility Still Elevated Markets closed strong last Friday with the … Read more

Reading the market tea-leaves for global recession risks

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS / Carlo Allegri // File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring … Read more

Dollar stumbles as markets rethink interest rate path

US dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS / Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – The US dollar slipped on Friday and headed for its first weekly decline of June as traders dialed down bets on where interest rates might … Read more

US recession fears darken outlook for global growth

WASHINGTON / LONDON / TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released … Read more

Morning Bid: What purchasing managers are saying

Workers install a battery for a new electric vehicle model at Mitsubishi Motor Corp’s factory in Kurashiki, Japan May 19, 2022. REUTERS / Satoshi Sugiyama / File Photo Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Sujata Rao Indexes based on the views of purchasing … Read more

What’s Behind All the Talk of a Recession? – The New Yorker

What’s Behind All the Talk of a Recession?The New Yorker ‘Dr. Doom ‘Nouriel Roubini predicts a US recession by the end of 2022 — and long-term high inflationYahoo Finance The US Economy Is Headed for a Hard LandingBloomberg Biden Is Practically Engineering a RecessionThe Wall Street Journal View Full Coverage on Google News

Anticipating US downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more

Morning Bid: Why the calm in markets will not last

A look at the day ahead in markets from Dhara Ranasinghe. Last week’s market turmoil that sparked the biggest weekly drop in world stocks since March 2020, has given way to a degree of calm. But do not bet on it lasting. In short, until there are clear signs that inflation in major economies is … Read more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS / Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect … Read more