Stock Market Today: Dow futures slide as Powell’s Jackson Hole speech looms

text size Fed Chairman Jerome Powell’s speech, scheduled for Friday, has been in the markets all week. Drew Angerer/Getty Images The stock market is tumbling on Friday as Federal Reserve Chairman Jerome Powell will make comments on monetary policy at the annual Jackson Hole Symposium. Dow Jones Industrial Average futures are down 53 points, or … Read more

Why is the stock market down today? Dow Slides, Bed Bath & Beyond Tumbles.

text size Investors’ focus remains on the Federal Reserve’s pace of future interest rate increases. Spencer Platt/Getty Images The stock market fell as investors competed with mixed signals from the Federal Reserve about the pace of future rate hikes and signs of a resilient US economy. the Dow Jones Industrial Average has fallen 304.79 points, … Read more

Hit by 257% inflation, Zimbabweans turn to gold coins

HARARE, Zimbabwe (AP) — After working as a nighttime security guard at a church in Harare’s impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell. Prolonged water shortages mean that most of the capital city’s residents of more than 2.4 million must obtain their own water. Carlos is lucky … Read more

What ‘Dr. Doom’ says about today’s stock market

For some of us of a certain age, an event from four decades ago is often remembered more vividly than what happened four weeks or even four days ago. Such is the case on August 17, 1982. Arguably, it marked the birth of the great bull market in stocks, which lasted into the next century. … Read more

What ‘Dr. Doom’ says about today’s markets

For some of us of a certain age, an event from four decades ago is often remembered more vividly than what happened four weeks or even four days ago. Such is the case on August 17, 1982. Arguably, it marked the birth of the great bull market in stocks, which lasted into the next century. … Read more

Crypto wrap: RBI MPC unlikely to affect global crypto prices, experts say

The cryptocurrency market traded flat in the past week, even as major cryptocurrencies traded in the red. The market capitalization remained above $1 trillion. However, major digital tokens like Bitcoin and Ethereum fell more than 3.5 percent. On Friday at 4 p.m., Bitcoin had the highest market capitalization and was trading … Read more

Stock Market Today: Dow Futures Rise, Oil Prices Fall, Treasury Yields Jump

text size Coupled with tensions in Taiwan and Federal Reserve policy expectations, Wall Street remains focused on corporate earnings this week. Angela Weiss/AFP via Getty Images Stocks rose on Wednesday as geopolitical tensions over Taiwan dominated for a second day and Treasury yields rose as investors continued to look to the Federal Reserve’s path on … Read more

Bitcoin prices skyrocket, but don’t get excited. Crypto Rally is unlikely to hold.

text size Cryptocurrency prices surged alongside etching stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. dream time Bitcoin and other cryptocurrencies rallied on Thursday as investors returned to hoarding risk-sensitive assets following the latest Fed decision on monetary policy. But analysts do not see this crypto rally as … Read more

This type of shock to the economy will have consequences

A version of this story appears in CNN’s What Matters newsletter. To receive it in your inbox, sign up for free here. CNN — Americans today must realize that efforts to rein in runaway inflation, while necessary, have real and potentially damaging consequences. Much. There was a time not long ago when: A small army … Read more

Was the Fed’s Powell dovish or not? 4 key takeaways from today’s press conference

Investors reacted as if Fed Chairman Jerome Powell’s news conference on Wednesday was dovish, but many economists think he was on the aggressive side of the street. Here are some of the key points from Powell’s hour-long discussion with reporters on the state of the economy and central bank policy: Read: Fed raises rates to … Read more