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UK's PM Truss fights for survival after sacking chancellor
Prime Minister Liz Truss sacked his predecessor Kwasi Kwarteng after less than six weeks on the job.
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UK political turmoil: New chancellor says difficult decisions lie
British Prime Minister Liz Truss is under pressure to keep her job, after making U-turns on two major policies.
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Preparing for a Possible Recession
Economists fear that the upcoming recession could be worse than 2008. While young people are feeling “recession fatigue,” they're advised to start saving while baby boomers and Gen-X should knock down debt. Greg McBride, Chief Financial...
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British pound climbs as government reverses tax cut plan
Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax.
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PM Liz Truss defends uncosted UK tax cuts despite market turmoil
Truss says big tax cuts are the right path for the UK, refusing to consider reversing the so-called ‘mini budget’.
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BoE says monitoring markets ‘very closely’ after pound plunges
The value of the United Kingdom's pound has stabilised somewhat after frantic early trading saw it plunge by nearly five
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UK's financial woes: High interest rates impact property market
Nearly 300 mortgage deals have been pulled in the last 24 hours by banks and building societies
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Tourists in the U.S. cutting back on spending
In New York City, some tourists are feeling the sting of a surging U.S. dollar as things become more expensive than when their own national currencies held more value against the greenback.
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Need2Know: Queen's Funeral, Hurricane Fiona & DirectTV Fumbles
Get caught up on the stories you Need2Know for Monday, September 19, 2022.
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U.S. Stocks Close Off Session Highs as Inflation Fears Ease
U.S. stocks closed off their session highs on Wednesday, as investors' concerns around inflation and rate hikes from the Federal Reserve eased. The S&P 500 jumped 1.8%, the Dow Jones gained 1.4%, and the tech-heavy Nasdaq rose by 2.1% to...
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U.S. Stocks Close Near Session Highs to Snap Three-Week Losing Streak
U.S. stocks closed near their session highs on Friday for their third straight day of gains, snapping a three-week losing streak for the major indexes. For the week, the S&P 500 rose 3.6%, the Dow added 2.7%, the Nasdaq climbed 4.1%. Rob...
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U.S. Stocks Close Higher to Extend Gains Ahead of CPI Data
U.S. stocks closed higher on Monday as investors await CPI data from the Labor Department, set to be released on Tuesday. The Dow jumped 0.71%, the S&P 500 added 1.06%, and the Nasdaq gained 1.27%. Ross Mayfield, investment strategy...
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U.S. Stocks Close Near Session Lows, Capping a Third Straight Weekly Drop
U.S. stocks closed near their session lows on Friday, with all three major indexes finishing the week in the red. David Waddell, CEO & Chief Investment Strategist at Waddell & Associates, joins Cheddar News' Closing Bell to discuss.
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Stocks Close Lower to Start Trading Week
U.S. stocks closed lower on Tuesday after investors returned to trading action following Labor Day weekend. The Dow dropped 0.55%, the S&P 500 fell 0.41% and the tech-heavy Nasdaq closed down 0.74% for its seventh-straight day of losses,...
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U.S. Stocks Close Near Session Lows to Kick Off Week
U.S. stocks closed near session lows on Friday. Friday's sell-off continued as investors price-in expected rising rates and tighter U.S. monetary policy from the Federal Reserve. The Dow Industrial Average dropped 0.57%, the S&P 500 fell...
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Stocks Close Off Session Lows as Rate Hike Concerns Linger
U.S. stocks closed off their session lows on Tuesday, as losses continue following comments from Fed chair Jerome Powell, which signaled the central bank will continue to make efforts to lower inflation with rate hikes. The S&P 500...
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Stocks Close Higher Ahead of Fed's Jackson Hole Meeting
Stocks closed Wednesday's session higher, as investors prepare for comments from Federal Reserve Chairman, Jerome Powell, at the U.S. central bank's Jackson Hole Economic Symposium tomorrow. The Dow Jones Industrial Average jumped 0.2%,...
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U.S. Stocks Close Near Session Highs After Data Shows Inflation Ease
U.S. stocks closed near their session highs on Wednesday after July CPI data showed inflation is beginning to ease. The Dow jumped 1.6%, the S&P 500 gained rose 2.1% and the Nasdaq Composite jumped 2.9%. Melissa Brown, Managing Director...
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U.S. Stocks Close Near Session Highs to Start Week
U.S. stocks closed near session highs on Monday as investors prepare for a busy week of retail earnings from companies like Walmart and Target. The Dow Jones Industrial Average jumped 0.4%, the S&P 500 +0.40% rose 0.4%, and the Nasdaq...
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Home sales fall for 5th consecutive month across Canadian markets
New data from the Canadian Real Estate Association shows homes sales slowed for the fifth consecutive month. While prices are also dipping, potential homebuyers are still struggling to enter the market as interest rates rise.
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U.S. Stocks Close Mixed After Strong July Jobs Report
U.S. stocks closed mixed on Friday after the July monthly unemployment report showed the economy added 528,000 jobs, which was much more than expected. The Dow industrial average rose 0.23%, the S&P 500 fell 0.16%, and the NASDAQ dropped...
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Stocks Close Near Session Lows Amid Mixed Corporate Earnings
U.S. stocks closed Tuesday near session lows after mixed earnings results from several major companies. The S&P 500 shed 1.2%, the Dow fell 0.7%, and the tech-heavy Nasdaq dropped 1.9%. Nick Giacoumakis, President and Founder of NEIRG...
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U.S. Stocks Close Near Session Highs Following Fed Decision
U.S. stocks closed near session highs following the Federal Reserve's decision to raise interest rates by three-quarters of a percentage point. The move led to the S&P 500 jumping 2.6%, the Dow Jones Industrial Average 1.4%, and the the...
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Lavrov denigrates West’s stance towards Africa on Ethiopia visit
Russian FM was in Addis Ababa wrapping up a four-nation African tour aimed at drumming up support for Moscow.