(Reuters) – U.S. consumers’ inflation expectations one year from now worsened in May but there they were still generally bullish about the strength of the labor market, underscoring the imbalances facing the U.S. Federal Reserve this week as it grapples with how to rein in price pressures. Median expectations for where inflation will be in …
U.S. consumer short-term inflation outlook worsens – NY Fed survey Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, heightening fears that the expected aggressive interest rate hikes by the Federal Reserve could push the economy into a recession. The benchmark S&P index has fallen for four straight days, its longest …
S&P 500 confirms bear market as recession worry grows Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) -There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a “bumpy” ride ahead for investors. “It’s possible, probably 50-50 odds now,” Gorman told a conference hosted by …
Morgan Stanley CEO sees 50% chance of U.S. recession Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended more than 20% below its Jan. 3 record closing high on Monday, confirming a bear market for the benchmark as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than …
Wall Street shakeout clinches bear market label for S&P 500 Read More »
LOS ANGELES (Reuters) – Global megahit “Squid Game” will return for a second season, Netflix Inc announced on Sunday, offering a few hints about what is to come in the dark Korean drama. “Squid Game” became Netflix’s most-watched series when it was released in September 2021. The show tells the story of cash-strapped contestants who …
Netflix announces another round of global hit ‘Squid Game’ Read More »
(Reuters) – Bitcoin dropped 12.1% to $23,366 at 2002 GMT on Monday, losing $3,218.95 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 51.6% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 13.62 % to $1,237.72 on Monday, losing $195.18 …
By Joey Roulette (Reuters) -SpaceX has raised $1.68 billion through equity financing, the Elon Musk-founded rocket maker said in a regulatory filing https://www.sec.gov/Archives/edgar/data/0001181412/000118141222000001/0001181412-22-000001-index.html on Monday. The fresh financing round, in which the company looked to raise $1.725 billion, was disclosed in securities filings on Monday and comes as SpaceX invests heavily in its Starship rocket …
SpaceX raises $1.68 billion through equity financing – filing Read More »
(Reuters) -Cloud and enterprise software firm Oracle Corp topped Wall Street estimates for quarterly profit and revenue on Monday, as more businesses increased spending on cloud services while transitioning to a hybrid work environment. Shares in the Austin, Texas-based company, which have declined about 27% so far this year, rose nearly 9% in extended trade. …
By Fergal Smith TORONTO (Reuters) -Canada’s main stock market tumbled back into correction territory on Monday and the dollar weakened against its U.S. counterpart as investors raised bets on how high central banks would lift interest rates to tackle inflation. The Toronto Stock Exchange’s S&P/TSX composite index ended down 2.6% at 19,742.56, leaving it 10.6% …
Canadian stocks and currency slide as rate hike bets heat up Read More »
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company’s exit from Chapter 11. U.S. Bankruptcy Judge James Garrity in Manhattan will review the request during a court hearing on June …
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans Read More »
