Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more
TOKYO — Asian shares declined Thursday, echoing a retreat on Wall Street as investors fretted about higher interest rates and rising coronavirus cases in parts of the region. Japan’s benchmark Nikkei 225 NIK, -0.16% lost 0.2% and Australia’s S&P/ASX 200 XJO, -0.80% edged down 1%. South Korea’s Kospi 180721, -1.00% slipped 1%. Hong Kong’s Hang … Read more
Atlanta Fed President Raphael Bostic, in an exclusive interview with MarketWatch, said his suggestion that the central bank take a September “pause” in its push to raise interest rates should not be construed in any way as a “Fed put,” or belief that the central bank would come to the rescue of markets. In a … Read more
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation. While the precise impact of “quantitative tightening” in financial markets is still up for debate, analysts at the Wells Fargo Investment Institute and Capital … Read more
CNN — Facing rising prices and deep vote dissatisfaction, the White House this week is launching a month-long effort to signal heavy focus on the economy as inflation worries become the top concern for the White House before this fall’s midterm elections. It’s not the first time President Joe Biden and his aides have sought … Read more
FRANKFURT – Eurozone inflation rose to a new record high of 8.1 percent in May from 7.4 percent in April, further aggravating the cost-of-living-crisis across the continent, preliminary Eurostat data showed Tuesday. Inflation once again exceeded the 7.7 percent median forecast and is set to spark fresh calls for the European Central Bank to act … Read more