Premarket
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New York(CNN) The United States government is inching closer to its so-called debt ceiling X-date, when the Treasury could run out of cash and extraordinary measures to pay all government obligations, and both political parties remain at odds with no concrete solution to avoid a default. And while the odds of the US government actually […]
New York(CNN) In an unusual coincidence, the US jobs report was released on a holiday Friday — meaning stock markets were closed when the closely-watched economic data came out. It was the first monthly payroll report since Silicon Valley Bank and Signature Bank collapsed. It also marked a full year of jobs data since the […]
New York(CNN) After months of a remarkably strong US labor market and economy, everything seems to be slowing down.
But something strange is happening during this ascent. The dollar is currently appreciating more against the currencies of rich economies than it is against those of emerging markets. Investors looking for a nice return on government debt often turn to high-risk developing nations because they pay out high interest rates. When the Federal Reserve raises […]
And they did. In March, the FAO Food Price Index from the United Nations jumped to its highest level since it was created in 1990, feeding fears that a global food crisis was rapidly taking shape. Yet in the months to follow, wheat prices — along with the price of other agricultural products — dropped. […]
“We have to go through a couple of weeks yet of uncertainty,” Dr. Paul Burton, the chief medical officer for Moderna, told CNN’s Paula Reid on Sunday. The raft of unknowns spooked financial markets on Friday, when the Dow plummeted 905 points, or 2.5%, logging its worst day in over a year. Oil prices plunged […]
Investors no doubt should be relieved. Alarm bells had been ringing on Wall Street for weeks, and JPMorgan Chase was already hard at work preparing for a potential default by the world’s largest economy. But the reprieve is only temporary. Once the Senate’s stopgap measure is approved by the House of Representatives, the Treasury will […]
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