Phyllis Wangui is a Financial News Editor with extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries.Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.
As the housing market has begun to deteriorate due to Federal Reserve interest hikes stocks got a boost in recent days from good earnings. Investors anticipate that the Federal Reserve may slow the pace of rate hikes. Mortgage Rates Hurting… Read More »Markets Wrap: Housing Slump, Tech Weigh on US Futures
Briefs Strong corporate earnings reports helped prolong a surge to start the week as stocks increased for a second straight day on Tuesday. To conclude at 30,523.80, the Dow Jones Industrial Average increased by 337.98 points, or 1.12%. To 3,719.98,… Read More »UK CPI Up 8.8%, Dow, S&P, Nasdaq Extend Rally
Briefs After yet another hotter-than-expected inflation report solidified expectations for further bumper interest rate increases from the Federal Reserve, with uncertain effects for the economy, markets swung wildly on Thursday. In September, consumer prices for a wide range of goods… Read More »Markets Seesaw on High CPI, Earnings Season
This earnings season is likely to be marked by hiring freezes and layoff announcements, cost-saving initiatives, and generally unfavorable forecasts. Consumer health is deteriorating, and Wall Street will be interested in how bad banks evaluate this situation. E2open Parent Holdings,… Read More »Earnings Releases of TSMC & Other Fuel Investor Expectations
As we enter the final trading day of the week, recent market activity has dispelled any lingering speculative bias, and one of the most well-known economic indicators is set to release, which has the potential to increase volatility. It appeared… Read More »Dollar, Stocks, and Fed’s Inflation Warning – NFPs Ahead
A day after a volatile trading session, U.S. stocks ended mixed on Tuesday, with the Dow Jones Industrial Average slipping further into a bear market and the S&P 500 closing at its lowest in the year. The Dow Jones Industrial… Read More »Stocks Fluctuate, S&P 500 Hits New Low
This past week, volatility dominated the global stock markets. Investors will be preparing for new volatility in the coming week as central banks and governments stepped up their fight against inflation. A number of Federal Reserve employees are scheduled to… Read More »Market Watch: US, Eurozone, China, BoJ News Ahead
According to Fed Chair Jerome Powell, the central bank will not base its policy decisions on the lagged effects of housing costs on inflation metrics. “I think that shelter inflation is going to remain high for some time. We’re looking… Read More »Powell’s Remarks, Fed’s Hike, Earnings, Inflation
In a choppy trading session on Monday, stocks ended higher ahead of the Federal Reserve’s two-day policy meeting, which is scheduled to begin on Tuesday. Closing at 31,019.68, the Dow Jones Industrial Average increased 197.26 points or 0.64%. The Nasdaq… Read More »Markets Close Higher, Big Stocks End Losing Streak
The Australia’s Reserve Bank Board members held their Monetary Policy Meeting on September 20, 2022 to discuss the global inflation trends. The Board of Directors voted to raise the cash rate target by 50 basis points, to 2.35 percent. The… Read More »Australia Central Bank Hikes Rates by 50 bps