in almost three decades after Fed Governor Lael Brainard said the U.S. central bank would start trimming its balance sheets rapidly as soon as May.
The Stoxx Europe 600 index headed for its biggest drop in a month, with tech and carmakers leading the decline. WTI crude fluctuated around $102 a barrel. And Twitter Inc., Microsoft Corp. and Apple Inc. were among the worst performers in U.S. trading.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: U.S. Recession Seen Most Likely to Start Next Year: SurveyThe U.S. is poised for recession most likely in 2023 and bank stocks are expected to fall behind the broader market, according to 525 respondents to the Markets Live weekly survey.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: U.S. Sees Rising Risk in ‘Breathtaking’ China Nuclear ExpansionChina’s “breathtaking expansion” of its strategic and nuclear arsenal is a quickly escalating risk for the U.S., the head of U.S. Strategic Command plans to tell lawmakers at a closed-door hearing on Tuesday.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: US, EU to Hit Russian Investments With New Round of SanctionsThe US, European Union and G7 are coordinating on a fresh round of sanctions on Russia, including a US ban on investment in the country and an EU ban on coal imports, after the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.
Source: dailymaverick - 🏆 3. / 84 Read more »
MARKET WRAP: Russia and US economy pull JSE lowerBanking stocks hit hardest as Deutsche warns of recession in wake of sustained rate hikes by the Federal Reserve
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — April 5 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Business Maverick: MTN Taps JPMorgan to Separate Fintech UnitMTN Group Ltd., Africa’s largest phone company, is working with advisers at JPMorgan Chase & Co. on the planned separation of its financial technology business, people with knowledge of the matter said.
Source: dailymaverick - 🏆 3. / 84 Read more »