Thursday, August 4, 2022

Ex-Fed insider: A full-blown recession is 'almost certainly' coming

The Federal Reserve's war on inflation will eventually kill the economic recovery from Covid-19, former Fed official Bill Dudley warns.
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Ex-Fed insider: A full-blown recession is 'almost certainly' coming
The Federal Reserve's war on inflation will eventually kill the economic recovery from Covid-19, former Fed official Bill Dudley warns. Read more »
 
Oil slides under $90 to fresh six-month lows on demand worries
The selloff in the oil market gathered momentum Thursday on growing concerns about weakening demand for gasoline. Read more »
 
Is anyone buying couches and beds from Wayfair anymore?
Early in the pandemic, people realized they were going to be spending a lot more time at home. So they decided to upgrade. Read more »
 
Lucid shares plunge as it cuts production target in half
Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make roughly half the cars this year it had planned to build. Read more »
 
China's military drills around Taiwan threaten to upend global trade
China's live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia, forcing vessels to reroute away from one of the world's busiest waterways and putting further pressure on strained global supply chains. Read more »
 
Alibaba shares pop as revenue beats expectations
Alibaba just posted flat revenue growth for the first time since becoming a public company, but investors don't seem to mind. Read more »
 
 
 
 
Dow Nasdaq S&P
-85.68   +52.42   -3.23
32,726.82   12,720.58   4,151.94
-0.26%   +0.41%   -0.08%
YTD -9.94%   YTD -18.69%   YTD -12.89%
 
Biggest Winners
Epam Systems Inc +12.26%
 
Ceridian HCM Holding Inc +10.38%
 
Air Products and Chemicals Inc +4.89%
 
NRG Energy Inc +4.74%
Biggest Losers
Ball Corp -18.58%
 
DXC Technology Co -17.04%
 
Aptiv PLC -9.72%
 
Lincoln National Corp -9.17%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $87.79 -2.87 / -3.17%
Gold $1,807.70 +31.30 / +1.76%
10-yr 2.68% -0.07
Euro $1.02 +0.01 / +0.90%
More Markets Now
 
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