Stocks drop sharply, Dow drops more than 600 points ahead of pivotal inflation data

Stocks fell sharply on Thursday ahead of the release of a key inflation report as investors are concerned about the state of the US economy. The Dow Jones Industrial Average fell 638.11 points, or 1.94%, to close at 32,272.79 points. The S&P 500 fell 2.38% to settle at 4017.82, and the Nasdaq Composite fell 2.75% … Read more

The more gasoline above $5, the greater the risk of a recession

Gasoline is approaching the $5 a gallon average across the United States, but while consumers are feeling the pain, prices haven’t yet reached the level that would push the economy into recession, economists said. Where this breaking point price lies is unclear. Some suggest that it may not be gasoline alone that would send the … Read more

Is the housing market slowing down? signals.

Jane Morgan, a real estate agent with Berkshire Hathaway HomeServices in Georgia, says that in Atlanta and surrounding suburbs, there is still plenty of competition to buy the perfect starter home. But for less-than-ideal characteristics, it’s a different story. “Not perfect homes—which might need a little TLC, a little grease—I’m happy to say they stay … Read more

Here’s how dependent Apple’s supply chain is on Shanghai

Apple opened its 54th flagship store in Greater China in Wuhan in May. The iPhone maker warned in late April that supply chain disruptions due to China’s Covid controls were likely to hurt sales in the current quarter by $4 billion to $8 billion. soba pictures | Light Rocket | Getty Images Beijing – An … Read more

How to survive a technology downturn, according to a venture capital investor

Venture capitalists at Lux Capital have some bad news. The outlook for the tech sector is likely to get worse – much worse. Lux Capital founders Josh Wolf and Peter Hebert say: Baron That a wide range of investment firms and portfolio firms are unlikely to do so Surviving deflation. “In the same way that … Read more

China isn’t the biggest market for movies anymore. Blame the pandemic shutdowns.

font size China has lost its first place as the world’s largest market for watching movies. Here: People are watching a movie in 2020 in China when movie theaters reopened. STR/AFP via Getty Images After two years as the world’s largest cinema market, China has lost its lead in favor of North America, thanks to … Read more

5 things to know before the stock market opens on Wednesday

Here are the top news, trends and analysis that investors need to start their trading day: 1. Dow Jones futures rise as Wall Street starts trading in June A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, May 31, 2022. Michael Nagel | Bloomberg | … Read more

Why is the stock market down today? Dow is sliding, oil prices are rising, Alibaba is jumping.

Most stock markets fell on Tuesday after Europe imposed more restrictions on Russian oil. While tech stocks held up, the majority of stocks were feeling some pain. The Invesco S&P 500 . equal weight The ETF (stock ticker: RSP), which weighs every stock in the index equally and thus shows the movement of the average … Read more

Sterling takes on ’emerging markets’ characteristics: Bank of America

A trader pauses while monitoring financial data on computer screens at ETX Capital, a CFD broker, in London, United Kingdom on Friday, October 7, 2016. Chris Ratcliffe | Bloomberg | Getty Images London – Sterling pound At risk of becoming an ’emerging market’ currency as lower growth and increased risk cause investors to flee the … Read more