Category: World

Representative Image The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August after comments and aggressive […]

Asian share markets tumbled on Wednesday as surging borrowing costs intensified fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows. Yields on U.S. 10-year Treasuries were shoved above 4.0% for the first time since 2010 as markets wagered the Federal Reserve might […]

Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.7% to its lowest since April 2020 as selling swept across emerging markets. […]

Around the world, financial markets look increasingly distressed. In Britain government-bond yields have surged (see chart) and sterling has slumped, prompting the Treasury and Bank of England to issue statements attempting to soothe markets. In Japan the government has intervened in foreign-exchange markets to stem the fall in the yen for the first time since […]

Wall Street Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted — especially with hawkish central bankers rattling recession-obsessed markets like this. The S&P 500 just sank to the lowest since December 2020, bringing this month’s losses to nearly 8%, as […]

Representative Image Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones […]

“Is a global recession imminent?” asks a new report by the World Bank. The answer—that one very well might be—will not be a surprise to manufacturers. In August global manufacturing output shrank relative to the month before, and new orders fell for the second month in a row, according to JPMorgan Chase, a bank. As […]

The winter of 1973-74 was grim, and in similar ways to today. In response to geopolitical strife energy prices went through the roof. Across Europe the price of natural gas more than doubled, and in places there were even bigger increases in heating oil. The price of crude oil more than tripled. This fed an […]

Stocks bounced back from a sharp selloff at the start of the week tied in part to concerns over a default by China’s Evergrande and its potential risk to global financial markets. (Representative Image) Asian stocks were set to start the final week of the quarter on the slide on Monday, while the dollar stood […]

Wall Street US and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central bank prescription of raising interest rates to tame inflation will drag major economies into recession. The Dow Industrials was poised to confirm a bear market as a deepening downturn […]

Last summer people felt good. Unemployment was falling, wages were growing, and everyone could eat indoors and travel again. Little surprise, then, that consumer confidence across the rich world was above its long-term average. This summer has been very different. People are astonishingly downbeat—more so even than during the global financial crisis of 2007-09 or […]

Speaking recently at the National Conservatism Conference in Miami, Peter Thiel, an investor and intellectual, made a provocative argument. He suggested that California suffers from a “tech curse”: a play on the “resource curse”, the notion that countries with abundant natural resources often have weak economies and corrupt political systems. If data is the new […]