Breaking News: Markets

U.S. fiscal policy is undermining the Fed’s efforts to fight inflation

Inflation remains the top issue on investors’ minds, with many trying to determine when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try to halt the spiral will engineer a so-called soft-landing for the economy — or, instead, send us into a deep recession. Indeed, your …

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European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K.The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red.Oil and gas stocks and basic resources were the biggest fallers, both down …

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FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell:FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket.Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit and sales …

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Futures are flat following another day of losses after Fed rate hike, sell-offs

Stock futures were largely flat Wednesday night as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing.The Nasdaq 100 was up 10 points or 0.09%. Dow Jones Industrial Average futures rose by 41points, or 0.14%. S&P 500 futures increased 4 points, 0.11%.Costco stock was down about 2.6% in extended …

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Robinhood rises after report that SEC will not ban payment for order flow

A woman holds a smartphone with the Robinhood logo in the background.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesShares of retail brokerage Robinhood moved higher on Thursday after a report that U.S. regulators would not ban payment for order flow, a key part of the company’s business model.Bloomberg News reported that the Securities …

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Bank of England raises rates by 50 basis points, in seventh consecutive hike

The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast to be the longest since the global financial crisis.Vuk Valcic | SOPA Images | LightRocket | Getty ImagesThe Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 …

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FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s …

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