U.S. ‘dangerously close’ to recession – Morgan Stanley report
A pessimistic report on the global economy from Morgan Stanley — particularly about the United States and Europe — sent the world’s stock markets tumbling Thursday.
A pessimistic report on the global economy from Morgan Stanley — particularly about the United States and Europe — sent the world’s stock markets tumbling Thursday.
It looks like Wall Street is back to doing what it does best in August – going on vacation.
U.S. stocks were headed for a sell-off Thursday, tracking steep declines in global markets, as investors await fresh U.S. economic data on inflation and unemployment claims
Yields edged lower after the Labor Department’s Producer Price Index, which measures wholesale inflation, came in higher than expected, rising 0.2% in July. Economists were expecting July’s PPI to come in flat.
If you’re still having a hard time stomaching the market’s recent drop, consider this upside: yields on dividend-paying stocks are now even sexier than they were before.
Give those credit card-loving Vikings a raise!
News from the tech sector continues to disappoint, judging by the market’s reaction to the latest corporate earnings reports.
U.S. stocks opened higher Wednesday, as investors digested the latest batch of corporate earnings and a report showing tame wholesale inflation.
U.S. stocks opened higher Wednesday, as investors digested the latest batch of corporate earnings and a report showing tame wholesale inflation.