The Latest Breaking News from US Federal Reserve

NEW DELHI: After years of rapid expansion, a trend of freeze in hiring and layoffs has been observed among startups and major tech companies. So far, around 150 US-based companies have laid off over 37,000 people in 2022. Most layoffs were reported in June with 75 US-based tech companies laying…

The economy witnessed a slight relaxation in inflation last month, but it is still running near 40-year highs. Amid such an inflationary scenario, grocery/big box retailers tend to hold up well due to stable consumer demand for their products. So, you could consider investing in BJ’s Wholesale Club Holdings (BJ),…

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel…

Federal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when central bankers gather this week at their annual Jackson Hole retreat.

The 4 week winning streak for stocks ended Friday on our sour note. Not only did the S&P 500 (SPY) tumble -1.29%, but the recent market leaders endured even worse results: -2.07% for Russell 2000 and -2.01% for tech laden Nasdaq. What does this mean for stock prices in the…

European and US stocks mostly fell Friday, with investors focused firmly on central bank interest rate hikes as the US dollar rallied. After slumping through the first half of 2022 amid concerns over central bank tightening, stocks have done better since the end of June as investors bet on a…

RECAP: The SET Index surged at midweek after listed firms reported record-high second-quarter earnings of 350 billion baht, reviving investor confidence, before easing back on profit-taking yesterday. US equities were rangebound, reflecting mixed opinions on economic data and uncertainty about the size of the Fed's next interest-rate increase.

The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a four-week winning streak this week as the latest commentary from the Federal Reserve suggests investors can expect aggressive interest rate hikes to continue.

Investors’ sentiments are improving amid slowing inflation and rising hopes of a slower tightening by the Fed. Moreover, the economy might successfully dodge a recession considering its resilience so far. Here are three fundamentally robust mid-cap stocks, Acuity Brands (AYI), Hugo Boss (BOSSY), and Progress Software (PRGS), which look poised…