The S&P 500 index closed slightly higher while the Dow dipped on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank’s future rate hiking path. In his second day of testimony to…
Top Economist Warns: Risk of US Recession ‘Increasing’
Beth Ann Bovino, the head U.S. economist for S&P Global Ratings, said that the chance of a recession hitting the United States is increasing. When asked during a Yahoo Finance panel about the prospects of a recession occurring, she said that American households, including individuals who are lower-income, “are still sitting on a nice bit…
Russia Using Oil and Gas Sales to Bolster Foreign Reserves
April 11, 2022
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Business & Economyeconomic policiesEuropeForexMarketsRussia-Ukraine WarRussian Oil TradeS&Psanctions on RussiaWorld
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Moscow has announced that it intends to increase its Government Reserve Fund by 273.4 billion rubles ($3.23 billion), with a major portion coming from oil and gas sales. The funds will be used to implement measures to ensure the stability of the Russian economy as it faces extensive international sanctions, the Kremlin said in an…
S&P Global Affirms US Rating at ‘Aa+/A-1+’
S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The country’s economic growth, likely its best performance in nearly four decades, was fueled by massive fiscal stimulus as well as very low interest rates. The rating…
US Stocks Tumble in January Indicating Rough Year and More Corrections Ahead
January proved a rough start for U.S. stocks as indexes barely avoided a worst-ever yearly start with investors swerving away from risky stocks, signaling a market correction in 2022, while companies brace for interest rate hikes and a withdrawal of pandemic relief measures. After years of booming markets, lofty valuations of companies especially in the…
US Stocks Tumble in January, Suggesting Rough Year and More Corrections Ahead
January proved a rough start for U.S. stocks as indexes barely avoided a worst-ever yearly start with investors swerving away from risky stocks, suggesting a market correction in 2022, while companies brace for interest rate hikes and a withdrawal of pandemic relief measures. After years of booming markets, lofty valuations of companies especially in the…
10 Best Performing S&P 500 Stocks of 2021
The S&P 500 delivered one of its best years in recent history in 2021, gaining more than 27 peercent. Most U.S. investors had a lot of winners in their portfolios this year, but some stocks certainly performed better than others. Here’s a look at the 10 best-performing stocks in the entire S&P 500 in 2021….
S&P, IHS to Offload Units Ahead of Merger to Meet Antitrust Conditions
S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers. S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion in cash, while IHS…
S&P Says It Believes China Evergrande Default Still ‘Highly Likely’
November 18, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesdebtdefaultEconomiesevergrandeHK BusinessHong KongS&P
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HONG KONG—S&P Global Ratings said on Thursday a default is still “highly likely” for China Evergrande Group despite its recent bond coupon payments because it has a bigger test in March and April next year, facing a total of $3.5 billion maturities in dollar bonds. “The firm has lost the capacity to sell new homes,…
Goldman Sachs Forecasts Modest Rise for S&P 500 Index in 2022
November 16, 2021
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Business & EconomyCompaniesEconomieseconomyforecastsGoldmanLocal NewsMarketsNew YorkNY NewsRegional-Local NewsS&PsachsstocksUSUS News
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Goldman Sachs expects the S&P 500 index to rise by a more modest 9 percent by the end of next year, saying the record-setting rally is likely to cool on worries over slowing economic growth and the prospects of higher interest rates. The U.S. equities market has been on a tear this year, with the…
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