It appears that the massive selloff in the British pound, which is credited with exacerbating the global rout of markets last week, will continue to wreak havoc on Monday. Old Blighty’s economic woes add to the list of growing concerns in the markets, which is driving more investors into the dollar and out of riskier … Read more
font size Japan had to step in to support the sliding yen for the first time since 1998, even as it tries to keep interest rates low. Akio-kun / Bloomberg The world has been hooked on cheap money for years. We are now seeing what withdrawal looks like. Raising interest rates from zero led to … Read more
The Dow Jones Industrial Average closed nearly 1,300 points lower on Tuesday as technology shares led the market to its worst day since June 11, 2020, after an unexpected spike in consumer price inflation in August. what happened Dow Jones Industrial Average DJIA, -3.94% It fell 1276.37 points, or 3.9%, to close at 31,104.97 points. … Read more
