S&P 500 ends lower, snapping rally on mounting slowdown fears

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content NEW YORK — The S&P 500 ended a three-day winning streak on Wednesday, closing in negative territory as gloomy earnings guidance added to growing fears of a global economic slowdown. But those fears, along with a smaller-than-expected interest rate hike from the … Read more

‘Mounting fear is that something else will break along the way’: Stock-market investors look ahead to PCE inflation data amid Fed overtightening worries

Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred gauge of the cost of living in the U.S.   “Fed officials have been scrambling to scare investors almost every … Read more

Iranians keep up protests over Mahsa Amini death despite mounting fatalities

Iranians kept up anti-government protests Wednesday despite an increasingly deadly state crackdown, social media reports showed, as Supreme Leader Ayatollah Ali Khamenei dismissed the demonstrations as “scattered riots” planned by Iran’s enemies. Protests ignited by the death of 22-year-old Mahsa Amini while in the custody of Iran’s morality police on Sept. 16 have turned into … Read more

Stocks sink to new low for 2022, closing dismal month with mounting recession fears

Wall Street is at its worst levels in almost two years Friday as the end nears for what’s been a miserable month for markets around the world. The S&P 500 closed down 1.5%, at 3,585, after flipping between small losses and gains through the morning. It’s at its lowest level since the early 2020 coronavirus … Read more

From Mourning to Crises: U.K. Prime Minister Pivots to Mounting Woes

The flowers have been cleared. Union Jacks no longer fly at half-staff. Ads have replaced Queen Elizabeth II’s image on bus shelters. A day after burying their revered monarch, Britons returned to normal life Tuesday to confront a torrent of pressing problems they had set aside in 10 days of mourning. Hours after the funeral … Read more

Home insurer Hippo defends start-up sector despite mounting losses

The head of Hippo has taken aim at sceptics of the home insurer and the sector’s fellow start-ups, saying they have “buried their heads in the sand” after a market sell-off fed doubts over the future of the companies. Insurtechs, as the start-ups are commonly known, have been some of the biggest losers in the … Read more

Back-to-school shoppers return to stores, hunt for deals amid mounting prices

Breadcrumb Trail Links PMN Retail & Marketing PMN Business Author of the article: The Canadian Press Brett Bundale Ceilidh Fear poses with her children Preston and Tenley in this undated handout photo. Fear is typically a bargain shopper. But the mom of two is planning to splurge a little on a back-to-school shopping trip for … Read more

Mounting proof of crimes against humanity in Myanmar: U.N. probe

The United Nations’ Independent Investigative Mechanism for Myanmar (IIMM) said women and children were particularly being targeted The United Nations’ Independent Investigative Mechanism for Myanmar (IIMM) said women and children were particularly being targeted U. N. investigators on Tuesday reported mounting evidence of crimes against humanity, including murder, torture and sexual violence, committed in Myanmar since … Read more

Taiwan holds drills amid mounting China tensions — RT World News

The island launched air raid exercises ahead of a potential visit by US House Speaker Nancy Pelosi Taiwan has conducted a series of military drills aimed at repelling a potential Chinese incursion amid soaring tensions with the mainland, as well as reports that a top US lawmaker plans to visit the island sometime in the … Read more