LONDON—The dollar slumped and China’s yuan gained on Wednesday after China’s manufacturing activity expanded at its fastest pace since April 2012, while the euro rose after regional German inflation data signaled price pressures remain high. The Australian and New Zealand dollars were also among the beneficiaries of the robust Chinese data, which smashed expectations with…
Global Shares, Oil Advance as China Manufacturing Rebounds
March 1, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares were higher Wednesday after reports on key measures of China manufacturing showed a strong recovery after anti-virus controls were lifted late last year. France’s CAC 40 added 0.5 percent in early trading to 7,301.78. Germany’s DAX rose 0.5 percent to 15,422.23. Britain’s FTSE 100 rose 0.2 percent to 7,912.56. The future for the…
Wall Street Closes Out a Chilling February With Another Dip
NEW YORK—A frigid February for Wall Street closed out with more losses on Tuesday. The S&P 500 fell 0.3 percent to lock in a loss of 2.6 percent for the month. The Dow Jones Industrial Average fell 232 points, or 0.7 percent, while the Nasdaq composite slipped 0.1 percent. Both also sank over the month….
Target’s Holiday Sales Get Boost From Discounts, Warns on 2023 Earnings
Target Corp. posted a surprise rise in holiday-quarter sales on Tuesday on higher store visits from discount-hungry Americans, even as it joined other retailers to caution on 2023 earnings due to an uncertain U.S. economy. Shares rose 2 percent as the company beat quarterly profit estimates for the first time in a year. Surging prices…
Wall Street Opens Lower as Treasury Yields Rise
Wall Street’s main indexes fell at the open on Tuesday as Treasury yields rose on bets of more interest rate hikes from the Federal Reserve. The Dow Jones Industrial Average fell 15.62 points, or 0.05 percent, at the open to 32,873.47. The S&P 500 opened lower by 5.05 points, or 0.13 percent, at 3,977.19, while…
How to Protect Your 401(K) From a Stock Market Recession
February 28, 2023
admin
401kBrightinvestingpersonal financerecessionretirementRetirement Accountsretirement moneystock marketstocks
0 Comment
Retiring with a sizeable retirement fund is something you are looking forward to in the future. Until you retire, you naturally watch your money to ensure it continues to grow. You want to know it is safe, because it is not always guaranteed. Oftentimes, your retirement money is in a 410(k), but even this investment…
Dollar Heading for 1st Monthly Gain Since September
SINGAPORE/LONDON—The U.S. dollar steadied on Tuesday, having lost ground a day earlier, climbing particularly against the Japanese yen, and on track for its first monthly gain since September. The greenback’s rally gathered momentum in recent weeks as upbeat economic data led to mounting expectations that the U.S. Federal Reserve will have to raise interest rates…
Oil Rises on China Growth Optimism
February 28, 2023
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices rose on Tuesday, erasing the previous session’s losses, as Optimism for a solid economic rebound in China offset worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. Brent crude futures for April, due to expire on Tuesday, were up by 87 cents, or 1.1 percent, to $83.32…
Shares Slip, Bond Yields Hit Multi-Year Highs on Inflation Fears
February 28, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France’s European Union-harmonised consumer prices rose to a record 7.2 percent in February while Spain’s EU-harmonised 12-month inflation was…
Stocks Steady Themselves After Wall Street’s Rout Last Week
NEW YORK—Stocks steadied themselves Monday following Wall Street’s worst week since early December. The S&P 500 rose 12.20 points, or 0.3 percent to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2 percent, to 32,889.09, while the Nasdaq composite climbed 72.04, or 0.6 percent,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`