U.S. stocks reversed losses in late afternoon trading on Friday as markets cap off a bumpy week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector. The S&P 500 (^GSPC), which fell as much as 1{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} in early Friday trading, the most in […]
Fears
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Banking crisis fears ripple through global markets; Silicon Valley Bank collapse – what happened and what it means; People in UK face biggest drop in spending power for 70 years. 1. Banking […]
Growing recession alarm at the outset of this year warned of a coming business slowdown and significant job losses — until a government report last month showed that unemployment stands at its lowest level in more than 50 years. A couple weeks later, in mid-February, fresh retail sales data blew […]
Updated February 4, 2023 at 8:58 AM ET The good times are back on Wall Street. Stocks have surged since the start of the year. The Nasdaq is up nearly 15{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} this year after posting its best January since 2001. And it’s not just stocks: bonds have risen and even […]
Darius Tahir SAN FRANCISCO — Health and fitness care’s enterprise class returned to its San Francisco sanctuary final week for JPMorgan’s yearly overall health treatment confab, at the gilded Westin St. Francis lodge on Union Square. Immediately after a two-calendar year pandemic pause, the temper between the executives, bankers, and […]