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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 Near Session Lows on Last Day of August
Stocks closed near session lows on Wednesday as investors continued to weigh potential moves by the Federal Reserve to cut inflation. For the month of August, the Dow finished down nearly 4.1 percent, while the S&P dropped 4.2 percent,...
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U.K., Europe heading for recession as inflation continue to climb
The EU and U.K. economies are in shambles, with a recession now almost certain. Inflation is ravaging household budgets in Britain and Europe where, unlike in Canada, the worst price hikes are likely still to come.
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Europe's energy crisis haunts the euro as it tumbles to 20-year low against the dollar
A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity.
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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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Canada’s inflation rate drops to 7.6% in July, first decrease in a year
Canada’s inflation rate is down for the first time in more than a year, dropping to 7.6 per cent in July compared to 8.1 per cent in June. Yet some Canadians say they’re feeling little relief.
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Fiverr Says Companies Are Turning to Freelancers as Recession Fears Grow
As recession fears loom, businesses are starting to tighten their belts and are weighing hiring freezes or layoffs. Despite this, a recent study from online freelance marketplace Fiverr found that 43 percent of business owners anticipate...
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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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Dow Posts Best Month Since 1976 but Economy May Be in 'Great Global Reset'
David Stryzewski, CEO of Sound Planning Group joined Cheddar News to discuss what drove gains and what to look out for ahead.
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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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Fed hikes rates by 75 basis points for 2nd straight month
The US federal reserve hikes interest rates again, to try to control inflation. But fears of recession remain.
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U.S. Stocks Close Lower to Start August
U.S. stocks closed lower on the first trading day of August, after having their best month sin July since 2022. The S&P 500 dropped 0.28%, the Nasdaq fell 0.18%, and the Dow slipped 0.14%. Brian Vendig, president of MJP Wealth Advisors,...
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Experts gather in Arkansas to discuss future of US supply chain
The pandemic, energy shortages, and the war in Ukraine, continues to impact US trucking industry.
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Travel Demand Up Despite Rising Inflation but Recession Fears Loom Over Industry
Kristin Myers, the editor-in-chief of the personal finance website TheBalance.com, joined Cheddar News to talk about how rising inflation headwinds will affect the travel industry even as demand grows and earnings come in hot. “We have...
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Need2Know: Ukraine Aid Package, GDP Shrinks & Beijing Lockdown
Catching you up on what you need to know on April 29, 2022, with President Biden asking Congress for a $33 billion aid package for Ukraine, a shrinking GDP potentially leading to a recession, Beijing banning weddings and funerals while...
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Elon Musk Follows Up on Leaked SpaceX Email Warning of Possible Bankruptcy
Over the Thanksgiving holiday, Elon Musk warned SpaceX employees in a leaked email that the company could be forced to file Chapter 11 bankruptcy if its raptor engine program fails. Musk then commented on the previous statement adding...
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Consumer Sentiment Turns Negative but Recession May Not Be Inevitable
A month into Russia's invasion of Ukraine leading to rising gas prices and supply chain issues, the U.S. consumer is focusing on concerns over rising inflation. Jesse Wheeler, an economic analyst for Morning Consult, joined Cheddar News...
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Europe’s economy slid back into recession as US roared ahead
The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns.
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Eddie Ghabour Sees Rate Hikes as 'Knockout Punch' for Market Going Forward
The co-owner and managing partner at Key Advisors Group Eddie Ghabour joined Cheddar News to break down the many factors impacting the market today, including the war in Ukraine, Fed rate hikes, inflation, and job numbers. Ghabour...
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COVID-19’s unequal economic recession
More than a million Canadians are still under- or unemployed as a result of COVID-19, but the crisis also allowed others, who were easily able to work from home, save more money.
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South Africa businesses take advantage of COVID-19 lockdown
Boutique hotels and high-end restaurants have folded, and thousands of people are out of work.
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Philippine nurses oppose ban on leaving to work abroad
They say they have the right to pursue work overseas, but the government wants them to serve their country during the COVID-19 pandemic.