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January 28, 2022

Inflation

Apple CEO Tim Cook: ‘Everybody’s seeing inflationary pressure’

CNBC
CNBC – For more and to sign up click here Apple CEO Tim Cook attends the grand opening event of the new Apple store at The Grove on November 19, 2021 in Los Angeles, California. Mario Tama | Getty Images Apple CEO Tim Cook said the company is seeing inflationary......

Ron Insana: Two key risks for bear markets are unfolding. What it means for investors

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images Has the risk of a full-blown bear market risen on Wall Street? A standard-issue correction......

U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation

Reuters
Passersby wearing protective face masks walk past a stock quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan falls 2%, lowest since Nov. 2020 Powell warns inflation above long-run goal Fed......

China shares, yuan drop after Powell vows sustained fight against inflation

Reuters
CSI300 falls to lowest level since Sept. 2020 Tech shares lead losses, IT index down 2.46% Yuan heads for biggest one-day loss vs. Dollar in 7 weeks Stock Connect shows nearly 8 bn yuan in outflows SHANGHAI, Jan 27 (Reuters) – Chinese shares slumped to nearly 16-month lows and the......

Fed appears poised to hike interest rate in March in effort to tackle inflation

CBS News
CBS News – For more and to sign up click here The Federal Reserve on Wednesday signaled it is ready to tackle inflation as prices have shot up in the past year and millions of Americans are facing the strain of higher costs. Following two days of policy meetings, officials......

Federal Reserve points to interest rate hike coming in March

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CNBC – For more and to sign up click here Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening in historically easy monetary policy.......

Democrats’ bid to keep the Senate will involve plans to fight inflation and promises for a renewed agenda

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CNBC – For more and to sign up click here Democratic Senate candidate Reverend Raphael Warnock speaks during a campaign rally in Atlanta, Georgia on December 15, 2020. Jim Watson | AFP | Getty Images Democrats scrambling to retain control of the Senate in the 2022 midterm elections plan to......

Now is not the time to panic with your 401(k) investments. Experts say to make these moves instead

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CNBC – For more and to sign up click here Mihtiander | Getty Images The stock market’s wild ride this week may have you questioning your retirement investing strategy. On Monday, the Dow Jones Industrial Average shed more than1,100 points before rebounding to close slightly higher. However, Tuesday’s early market......

Stocks tumble again as investors weigh Federal Reserve decision and inflation

CBS News
CBS News – For more and to sign up click here Stocks resumed their slide in early trading Tuesday, pushing financial markets further toward a “correction” — a drop of 10% of more from their most recent high — following Monday’s reprieve when shares rallied late in the day.  The......

Goldman economist says it’s tough to sustain wage gains of 5% to 6% without ‘meaningfully high’ inflation

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CNBC – For more and to sign up click here Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. Joe Raedle | Getty Images Goldman Sachs’ chief economist said it would be difficult to sustain wage gains of 5% to......

Biden curses Fox News reporter after he asks about inflation

Reuters
WASHINGTON, Jan 24 (Reuters) – (Note: This story contains language in paragraph 3 that may offend some readers) U.S. President Joe Biden was caught on a hot mic cursing a Fox News reporter at a White House event on Monday after the journalist shouted a question about the impact of......

‘Double down’ on defense because stocks will plunge another 10%, Morgan Stanley’s Mike Wilson warns

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CNBC – For more and to sign up click here Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dangerously downplaying a collision between a tightening Federal Reserve and......

Stocks rebound after Dow, S&P 500 and Nasdaq all enter

CBS News
CBS News – For more and to sign up click here U.S. stocks plunged in early trading Monday as investors fretted over mounting inflation and geopolitical tensions, before making up that ground in afternoon trading as financial markets whipsawed.  The S&P 500 slumped in morning trade to enter what the......

Turkish lira firms as minister sees limited inflation

Reuters
Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration Register now for FREE unlimited access to Reuters.com Register ISTANBUL, Jan 24 (Reuters) – The lira was firmer on Monday after Turkey’s finance minister was cited as saying inflation may rise to some......

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