Two-year US Treasury yields surged 29 basis points as bond prices tanked. The yield jumped 54 basis points since Thursday night, the biggest two-day increase since 2008
US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession
Banks forecast 75 bps Fed hike on June 15; Wall St 'fear gauge' surges to one-month high; S&P 500 hits lowest level since March 2021
Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data
It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares
Microsoft down after trimming forecast due to FX impact; consumer discretionary and materials were the top gainers, up 1.9% and 2.1%, respectively
Derivative markets pointed to a positive start later in the United States following losses on Wednesday when economic data failed to ease angst over rate hikes to fight inflation.
An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August
Christopher Wood, global head of equity strategy at Jefferies believes that S&P 500 has more room for downside. Investors, he suggests, should look to exit stocks on any intermittent bounce-back.
Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there's much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. Jane Stevenson, vice chair, Board & CEO Services at organisational consulting firm Korn Ferry said while it is good that women CEO's pay rose, there is still a lot to be done. I think the danger is to look at those cases of CEOs making more their peers and see a message about the pay gap being closed it's not, she said. Of the 340 CEOs in the latest survey of S&P 500 companies, 18 were women, up from 16 in 2020. Profits for S&P 500 companies rose roughly 50% and the index gained about 27%. Because the bulk of a CEO's compensation is tied to such ...
Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analysed for The Associated Press by Equilar. The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year. CEO pay took off as stock prices and profits rebounded sharply as the economy roared out of its brief 2020 recession. Because much of a CEO's compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth. In many of the most eye-popping packages, such as Expedia Group's, valued at $296.2 million and JPMorgan Chase's $84.4 million, boards gave ...
With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there's more pain to come
Remember that you need to diversify away from your home country, and hedge against the rupee's depreciation
The S&P 500 is headed for its seventh weekly decline that would make the longest losing streak since the dotcom bubble burst more than two decades ago.
At 06:22 a.m. ET, Dow e-minis were down 407 points, or 1.29%, S&P 500 e-minis were down 53 points, or 1.35%, and Nasdaq 100 e-minis were down 169 points, or 1.42%
Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week. Along with malaise in the broader markets, investors have had to weigh legal troubles for Musk, as well as the possibility that his acquisition of Twitter could be a distraction from running the world's most valuable automaker. The Wall Street Journal reported Wednesday that U.S. securities regulators are investigating Musk's tardy disclosure that he had bought more than 5% of Twitter shares. Musk now owns more than 9% of the San Francisco company. The SEC wouldn't comment, and a message was left for Musk's ...
Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%
US consumer prices slow in April; inflation still high; Coinbase falls on Q1 revenue slump, net loss