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Today’s Date
3 May 2024
Finance
Stocks Fall Sharply Amid Higher Rates
by
DAMIAN TROISE, AP Business Writer
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Sep 29, 2022
NEW YORK (AP) — Stocks fell sharply in morning trading on Wall Street Thursday as bond yields marched higher and put the squeeze back on markets. The S&P 500 fell 2.6% as of 10:15 a.m. Eastern....
Stocks Waver, UK Bond Yields Fall Back
by
DAMIAN TROISE, AP Business Writer
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Sep 28, 2022
NEW YORK (AP) — Bond markets around the world are relaxing Wednesday after London’s central bank pledged to do whatever’s needed to restore calm in its financial markets. The move comes amid heightened concerns about the potential for...
Stocks Fall as Central Banks Raise Rates
by
DAMIAN TROISE, AP Business Writer
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Sep 22, 2022
Stocks fell on Wall Street in afternoon trading on Thursday and added to weekly losses for major indexes as central banks around the world hiked interest rates to fight inflation. The S&P 500 fell 0.8% as of 12...
Powell: Inflation Fight May Cause Recession
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 22, 2022
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair...
Stocks Gain Ground Ahead of Rate Hike
by
DAMIAN TROISE, AP Business Writer
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Sep 21, 2022
Stocks rose in midday trading on Wall Street Wednesday ahead of a widely expected interest rate increase by the Federal Reserve. The S&P 500 rose 0.5% as of 11:34 a.m. Eastern. The Dow Jones Industrial Average...
How Fed Rate Hikes Affect Your Finances
by
ASSOCIATED PRESS
-
Sep 21, 2022
By CORA LEWIS Associated Press NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. As the Federal Reserve has rapidly...
High Inflation in Sight, Fed Signals Rate Hike
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 21, 2022
WASHINGTON (AP) — Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said,...
Stocks Edge Higher After Painful Sell-Off
by
DAMIAN TROISE, AP Business Writer
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Sep 14, 2022
NEW YORK (AP) — Stocks edged higher in morning trading on Wall Street Wednesday following the market’s worst day in two years on fears about higher interest rates and the recession they could create. The S&P...
U.S. Inflation Grows More Persistent
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 14, 2022
WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession....
Stocks Remain On Track for Weekly Gains
by
ASSOCIATED PRESS
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Sep 8, 2022
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks shook off an early stumble and rose in morning trading on Wall Street Thursday, keeping the market on track to break a three-week losing...
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