Wall Street records its third consecutive quarterly loss with rising inflation and a looming recession

S&P 500 records biggest September percentage drop in 20 years All three major US stock indexes have fallen in three quarters Core inflation data is hotter than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK (Reuters) – The Standard & Poor’s 500 Index on Friday closed its biggest September drop in two … Read more

Wall Street ends sharply lower. Investors are worried about the economy

The S&P 500 index reached its lowest level in nearly two years Airlines and cruises canceled due to Hurricane Ian Carmax drops after missing Q2 forecast End of Indices: S&P 500 -2.11%, Nasdaq -2.84%, Dow -1.54% (Reuters) – Wall Street closed sharply lower on Thursday on concerns that the Federal Reserve’s fierce battle against inflation … Read more

To tackle the kimchi crisis, South Korea is draining huge cabbage warehouses

SEOUL (Reuters) – South Korean kimchi manufacturers are in deep pain — prices have plummeted as a climate change-caused cabbage shortage has driven prices up this year, compounding the damage from cheap offerings from Chinese rivals. Such is the sense of crisis surrounding the spicy, pickled side dish eaten daily by many Koreans that is … Read more

Morning show: Eye of the Storm

Register now to get free unlimited access to Reuters.com Register A look at the day ahead in the US and global markets from Mike Dolan. With Hurricane Ian erupting with its sights set on Cuba and Florida, a global financial storm in the bond and currency markets has subsided moderately – although likely only temporarily. … Read more

Federal Reserve officials stare at the markets, say inflation is the focus

Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – Federal Reserve officials on Monday shrugged off heightened volatility in global markets from falling U.S. stocks to currency turmoil abroad and said their priority remained controlling domestic inflation. “There are interactions out there,” said Loretta Meester, president of the Federal Reserve Bank … Read more

Italy’s election winners target an era of political stability

Register now to get free unlimited access to Reuters.com Register The right-wing bloc will have a clear majority in both houses Meloni will be the country’s first female prime minister The leader of the association says the government will be stable The government is not expected to be sworn in for a few weeks Record … Read more

Morning show: Uneasy cable | Reuters

US dollar banknotes are shown in this illustrative photo taken on June 14, 2022. REUTERS/Florence Law/Illustration Register now to get free unlimited access to Reuters.com Register A look at the day ahead in the US and global markets from Mike Dolan. Britain’s gamble to stimulate growth through unfunded tax cuts to increase inflation has turned … Read more

Opinion polls show that the Italian right-wing led by Meloni wins the elections

Register now to get free unlimited access to Reuters.com Register The right-wing bloc will have a majority in the House and Senate Meloni will be the country’s first female prime minister Early voting after the collapse of the Draghi government Record low turnout overshadows the result ROME (Reuters) – A right-wing coalition led by Georgia … Read more

In China, homebuyers occupy their unfinished “rotting” property

GUILIN, China (September 26) (Reuters) – Six months ago, Ms. Xu’s home was a room in a high-rise apartment in the southern Chinese city of Guilin she bought three years ago, drawn by brochures promoting her river views. and clean city air. However, her living conditions are far from those promised: unpainted walls, potholes where … Read more

Wall St Week Ahead Investors are wondering when the sell-off in US stocks will end

A specialist trader operates at the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors are bracing for more pain ahead. … Read more