Pension fund panic led to Bank of England’s emergency intervention

Pension fund panic led to Bank of England’s emergency intervention

The Bank of England on Wednesday launched a historic intervention in the UK bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the UK economy, announcing … Read more

Here’s two ways to play the volatility and two stocks to scoop up

Here’s two ways to play the volatility and two stocks to scoop up

Last week’s more than 4% drop in the S&P 500 wasn’t unusual. In the current quarter alone, the large-cap index has moved by a similar amount on seven occasions. How are professional investors trading amid such volatility, and what are they buying? Hedging bets Speaking to CNBC “Pro Talks,” Investment Director Neil Veitch of SVM … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more

McDonald’s rejects franchise owners’ request to delay big changes, letter says

A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how … Read more

In this turbulent market, there are opportunities everywhere

In this turbulent market, opportunities abound, according to JPMorgan’s Mary Callahan Erdoes. Stocks have been trading in a bear market this year as investors navigate inflation, Federal Reserve interest rate hikes and talk of a potential recession. On Wednesday, the S&P 500 rebounded after hitting a fresh low for the year in the prior session. … Read more

Kindle Scribe, Halo Rise, new Echos, Fire TV

Amazon unveils new smart TV, the Fire TV Omni QLED Series starting at $799.99 Amazon Fire TV Omni Series in QLED Amazon Amazon just announced a new TV: The Amazon Fire TV Omni Series in QLED. Aside from its QLED display, the TV has Dolby Vision IQ and HDR10+ Adaptive for the first time. Support … Read more

Record number of UK mortgage deals pulled as market mayhem takes hold

Overall, 935 mortgage products were pulled from the market on Tuesday, according to data from money comparison site Moneyfacts. Photo by Richard Baker | InPictures | Getty Images LONDON – Hundreds of residential mortgage deal offers in the UK have been pulled after market chaos sparked concerns about base rates rising as high as 6% … Read more

Lionsgate leans toward spinning off studio business instead of Starz

Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. Shares of the company jumped about 4% in premarket trading. This would be a change in strategy for the media and entertainment company, which said … Read more

5 things to know before the stock market opens Wednesday, September 28

Traders on the floor of the NYSE, Sept. 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Looking for a bottom For a while it looked hopeful US stock markets had fallen as far as they could this year. Since June, stocks had been … Read more

DOT approves 50 states’ plans

A man charges his car at a Tesla super charging station in Arlington, Virginia on August 13, 2021. Andrew Caballero-Reynolds | AFP | Getty Images The US Transportation Department on Tuesday said it approved electric vehicle charging station plans for all 50 states, Washington, DC, and Puerto Rico covering roughly 75,000 miles of highways. Earlier … Read more