The British pound hit a record low against the dollar on Monday after UK Prime Minister Liz Truss, a fan of "trickle-down economics," announced a sweeping spending and tax cut plan to rescue the British economy from recession on Friday.
|
| |
 |
| News: What you need to know about the markets | | | | | | Ronald Reagan tried the UK's economic plan. It didn't work
| | The British pound hit a record low against the dollar on Monday after UK Prime Minister Liz Truss, a fan of "trickle-down economics," announced a sweeping spending and tax cut plan to rescue the British economy from recession on Friday. Read more » | | | Toy companies expect grown-ups to shop more for other adults this holiday season
| | Fans of the cult classic movie "The Hudsucker Proxy" will remember that the main character kept describing his invention of the hula hoop as being, "you know, for kids." But top toy companies are looking beyond the youth demographic this holiday season and plan to pitch more of their products to a demographic with more spending money: grownups. Read more » | | | Markets are now treating UK bonds like Greek and Italian debt
| | The pound may have paused its headlong crash toward parity with the US dollar, but the damage to the UK economy sparked by Prime Minister Liz Truss' huge tax-cutting gamble is still rippling through financial markets. Read more » | | | The UK's 'Trussonomics' crashes the pound and leaves investors shaking their heads
| | The reviews are in on the new UK government's plan to slash taxes and load up on debt, and they are, um, far from glowing. Read more » | | | Stocks rebound after lowest close since 2020
| | Stocks opened higher Tuesday morning, snapping a five-day losing streak and a steep selloff that sent the Dow into a bear market the previous day. Read more » | | | UK mortgage borrowers are in for a nasty shock from soaring rates
| | Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments as a consequence of the run on the pound. Read more » | | | | | | | | | |
| |
| |
| | | -125.82 | | +26.58 | | -7.75 | | 29,134.99 | | 10,829.50 | | 3,647.29 | | -0.43% | | +0.25% | | -0.21% | | YTD -19.82% | | YTD -30.78% | | YTD -23.48% | | | |
| |
| Biggest Winners | | CF Industries Holdings Inc | +6.10% | | | | Norwegian Cruise Line Holdings Ltd | +4.26% | | | | Mosaic Co | +4.15% | | | | Royal Caribbean Cruises Ltd | +3.91% | | | Biggest Losers | | Digital Realty Trust Inc | -3.98% | | | | Organon & Co | -3.54% | | | | Global Payments Inc | -3.42% | | | | Fleetcor Technologies Inc | -3.40% | | | | | |
| Hottest ETF |  | | | NYSE Market Volume |  | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $78.06 | +1.35 / +1.76% | | | Gold | $1,637.00 | +3.60 / +0.22% | | | 10-yr | 3.96% | +0.09 | | | Euro | $0.96 | -0.00 / -0.29% | | |
| |
Hi, let us know what you
think of this newsletter! | | | Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNow@cnn.com | | |
| |
| |
| |
| | Tips, thoughts or questions are always welcome at
MarketsNow@cnn.com | | | Want to change how you receive these emails?
You can unsubscribe from this list | | | ® © 2022 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Markets Now" newsletter.
Our Mailing address is:
Cable News Network, Inc.
1 CNN Center
Atlanta, GA 30303 | | | | | | |
No comments:
Post a Comment