banking

The stock market is suffering its worst rate-hike cycle performance in history. Here’s why.

Anyone watching the market knows stocks have been hammered since the Federal Reserve began in March what has turned into an aggressive series of interest rate hikes, but strategists at Deutsche Bank say they might be surprised to learn that those rate hikes probably aren’t the culprit . The S&P 500 SPX, -0.34% has seen …

The stock market is suffering its worst rate-hike cycle performance in history. Here’s why. Read More »

This workplace trend ‘can only help’ retailers hoping for big Cyber ​​Monday profits and why GM dealers are quietly repairing Teslas

Hi MarketWatchers. Don’t miss these top stories. This workplace trend ‘can only help’ retailers hoping for big Cyber ​​Monday profits Americans could spend up to $11.6 billion on Monday, up from $10.7 billion last Cyber ​​Monday, Adobe said. Read More Is money a weapon to control your spouse? This financial abuse can destroy your marriage. …

This workplace trend ‘can only help’ retailers hoping for big Cyber ​​Monday profits and why GM dealers are quietly repairing Teslas Read More »

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries

Hi MarketWatchers. Don’t miss these top stories. Black Friday dilemma: More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword ‘Buy now, pay later’ offers a new spin on the concept of layaway, which has become increasingly popular among younger, cash-strapped consumers. Read More ‘Most economists are predicting …

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries Read More »

Texas ‘Anti-Woke’ Bank Goes Bust In 3 Months

A bank startup backed by billionaire Donald Trump supporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months. The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall …

Texas ‘Anti-Woke’ Bank Goes Bust In 3 Months Read More »

Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

It’s going to be a short week on Wall Street. US stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Friday, with trading ending at 1 pm Eastern on Nov. 25. The roughly $53 billion US bond market follows …

Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets. Read More »

Guangzhou Covid-19: China locks down key transportation hub; markets fear economic fallout

Hong Kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease …

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Stocks have been clobbered this year, but people are still contributing to their retirement accounts

Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation and rising interest rates. But that hasn’t deterred most retirement savers, especially the youngest ones. 401(k) participants have held relatively steady in their savings contribution rates and in their portfolio allocations, according to new third quarter …

Stocks have been clobbered this year, but people are still contributing to their retirement accounts Read More »

Thanksgiving dinner costs 20% more this year as price of most ingredients spike and one sign the FTX crypto implosion hasn’t wrecked many stock investors — so far

Hi MarketWatchers. Don’t miss these top stories. Here’s one sign the FTX crypto implosion hasn’t wrecked many stock investors — so far Bankrupt crypto exchange FTX’s creditors number in the millions, but so far most stock investments — and investors — have been spared from the fallout. Read More Fear or love? Let actions speak …

Thanksgiving dinner costs 20% more this year as price of most ingredients spike and one sign the FTX crypto implosion hasn’t wrecked many stock investors — so far Read More »