street
(Bloomberg) — A selloff on Wall Street went global as investors grappled with the threat of higher-for-longer interest rates, China’s sluggish economy and an Israeli counter-strike. Most Read from Bloomberg The Stoxx Europe 600 Index sank 1.3%, echoing moves in Asian and US equities. After a historic advance at the start of year, investors have […]
TOKYO (AP) — Asian shares mostly declined Friday after a U.S. Federal Reserve official said the central bank might not deliver any of the interest rate cuts that Wall Street has been banking on this year, citing concerns about inflation. Japan’s benchmark Nikkei 225 dove 2.4% to 38,812.24. Sydney’s S&P/ASX 200 slipped 0.8% to 7,756.20. […]
By Herbert Lash NEW YORK (Reuters) – Remote work has caused a “black hole” in U.S. office occupancy, knocking demand significantly below pre-pandemic levels and vacancy rates to historic lows, with a recovery to prior usage unlikely for years, said real estate analysis firm Green Street. In addition to the decline in demand due to […]
By Herbert Lash NEW YORK (Reuters) – Remote work has caused a “black hole” in U.S. office occupancy, knocking demand significantly below pre-pandemic levels and vacancy rates to historic lows, with a recovery to prior usage unlikely for years, said real estate analysis firm Green Street. In addition to the decline in demand due to […]
By Herbert Lash NEW YORK (Reuters) – Remote work has caused a “black hole” in U.S. office occupancy, knocking demand significantly below pre-pandemic levels and vacancy rates to historic lows, with a recovery to prior usage unlikely for years, said real estate analysis firm Green Street. In addition to the decline in demand due to […]
US stocks were in a holding pattern on Tuesday after a pullback from all-time highs, with retail earnings on tap to occupy investors counting down to a crucial inflation report. The Dow Jones Industrial Average (^DJI) fell about 0.5%, while the S&P 500 (
US stocks were mixed on Tuesday after a pullback from all-time highs, with retail earnings on tap to occupy investors counting down to a crucial inflation report. The Dow Jones Industrial Average (^DJI) fell about 0.3% while the S&P 500 (
Stock market today: US futures muted as Wall Street watches and waits Yahoo Finance Source link
The last time the Fed cut rates was at the onset of the pandemic, slashing rates to near-zero levels. Fed Chair Jerome Powell explained the cuts were needed to counter the dangers that Covid posed to the economy. Before the pandemic, the Fed cut rates in 2019 as the trade war between the United States […]