Asian shares rise after ‘relief rally’ on Wall Street

TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in US shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia’s S&P/ASX 200 surged 2.4% to 6,610.50. South Korea’s Kospi jumped … Read more

Premarket stocks: Expect more gloom but less doom in Q4

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. new York CNN Business — It’s been a hard year for markets, and investors are looking for … Read more

Credit card interest rates climbing. Here’s how to tackle your debt

Editor’s note: A version of this story was originally published on January 31, 2022. Interest rates are climbing this year on all kinds of consumer debt, and that’s bad news for those who carry a credit card balance. The Federal Reserve has been pushing interest rates higher in an ongoing campaign to battle inflation, announcing … Read more

Stocks week ahead: Wages are the most important number to watch in the jobs report

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. new York CNN Business — Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday morning for clues about the health of the economy. … Read more

5 signs the world is headed for a recession

new York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, … Read more

Americans are still weighed down by high inflation, though sentiment is improving

CNN Business — Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of uncertainty is still swirling. The University of Michigan’s consumer sentiment index for September settled in at 58.6, down slightly from preliminary readings of 59.5, according to findings from the school’s Surveys of Consumers. That’s … Read more

Europe agrees to oil and gas windfall tax amid ‘insane race’ to tame energy crisis

London CNN Business — EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by the … Read more

Stocks and bonds are ‘discounting for a disaster’ after the worst stretch for investors in 20 years

Things could always get worse. The S&P 500 index SPX, -1.51% on Friday cemented its worst monthly percentage fall since the pandemic lockdowns of March 2020, but also joined the Dow Jones Industrial Average DJIA, -1.71% and Nasdaq Composite Index COMP, -1.51% in booking the worst, first 9-month stretch since 2002, according to Dow Jones … Read more

Americans are suffering from financial burnout

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from US households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight … Read more

US bear market deepens: What that means for you | Financial Markets News

United States stocks slumped further this week as investors navigated a barrage of bad news. Central banks around the world have been scrambling to fight soaring high inflation by increasing the cost of borrowing without hurting long-term growth prospects. Adding to the uncertainty and fear are rising tensions between the West and Russia following Moscow’s … Read more