Monday, September 26, 2022

British pound plummets to record low against the dollar

The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.
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British pound plummets to record low against the dollar
The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances. Read more »
 
UK authorities try to calm panicked markets
UK policymakers are trying to calm markets after a plan by Prime Minister Liz Truss to cut taxes while ramping up borrowing sparked panic among investors worried it could feed inflation and destabilize government finances. Read more »
 
Fed Chair Powell warned of 'pain' to come. Seniors on fixed incomes are already feeling it
America's seniors are facing a lot of hard choices. After the Federal Reserve's latest rate hike, the combination of climbing prices on everything from food to gas to utilities and ever-higher borrowing costs is making the finances of Americans on fixed incomes increasingly precarious. Read more »
 
US markets fall sharply with British Pound at a new low
Read more »
 
The rich are the biggest winners of Britain's tax-cutting gamble
The United Kingdom's big tax-cutting gamble to boost economic growth will benefit the rich far more than millions of people on lower incomes. Read more »
 
Forget a soft landing. The market's best hope is a 'growth' recession
Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its fight against stubbornly high inflation. Read more »
 
 
 
 
Dow Nasdaq S&P
-329.60   -65.00   -38.19
29,260.81   10,802.92   3,655.04
-1.11%   -0.60%   -1.03%
YTD -19.48%   YTD -30.95%   YTD -23.31%
 
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Las Vegas Sands Corp +11.81%
 
Generac Holdings Inc +2.84%
 
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Borgwarner Inc +1.15%
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AES Corp -5.48%
 
Halliburton Co -5.17%
 
Lumen Technologies Inc -5.17%
 
Best Buy Co Inc -5.03%
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Oil $76.30 -2.44 / -3.10%
Gold $1,630.60 -25.00 / -1.51%
10-yr 3.88% +0.18
Euro $0.96 -0.01 / -0.79%
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