Stock Market Today: Dow Futures Drop as Brutal First Half of 2022 Draws to End

Text size Investors continue to fret over the pathway of the Federal Reserve’s monetary policy. Saul Loeb / AFP via Getty Images Stocks dropped on Thursday and were set to end a brutal first half of the year as the familiar fears of more interest rate increases and the risk of recession continued to weigh … Read more

Asian markets mixed as China reports stronger manufacturing activity

BEIJING – Asian stock markets were mixed Thursday after the US economy contracted and China reported stronger factory activity. The Nikkei 225 NIK, -1.45% in Tokyo fell 1.3% after June industrial production slumped 7.2% compared with the previous month. That was the sharpest decline since the start of the coronavirus pandemic in early 2020. The … Read more

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.

Three market signs that tell us we’re heading into a recession

Granted, the shares do not trade at the bottom of that range. They could go lower. But the balance sheet had just £ 47m in net debt at the last count, so there is no pressure there, even in the event of a recession. In addition, Springfield’s £ 46m acquisition of fellow Scottish builder Mactaggart … Read more

Los Angeles minimum wage increases July 1: What to know

Los Angeles minimum wage to increase to $ 16.04 starting July 1 The Los Angeles minimum wage, which is based on the region’s Consumer Price Index, will increase from $ 15 to $ 16.04 per hour effective July 1, Mayor Eric Garcetti announced Thursday. LOS ANGELES – Heads up if you work in the city … Read more

The Dollar’s Exchange Rate Is Hurting Emerging-Markets Currencies

A strong US dollar is now whacking emerging-markets currencies. Money managers are selling the South African rand and Brazilian real, reversing a trend earlier in the year when the sharpest commodities rally in modern trading history supported emerging-markets currencies despite a strong dollar. The rand and the real both declined more than 9% against the … Read more

Asian markets rally after Wall Street logs rare winning week

BANGKOK – Asian shares advanced Monday after Wall Street ended a rare winning week, capped by a 3.1% gain on Friday for the benchmark S&P 500. US futures and oil prices were also higher. Optimism about China’s progress in controlling coronavirus outbreaks, as schools and businesses reopen, was also fueling buying, analysts said. Stocks climbed … Read more

The End of Klarna’s Easy Money Is Bad News for BNPL

Sebastian Siemiatkowski, the cofounder and CEO of Klarna, looks slightly frayed down the barrel of his webcam as he explains over Google Meet why everything is fine at the fintech despite increasingly frenzied warnings of a looming recession. Klarna is a European heavyweight, currently the bloc’s most valuable private tech company. Since launching in 2005, … Read more

‘I’m buying Hermès bags to beat the stock market’

But Ms Toni warned that the market is complex for the uninitiated, and those investing in the wrong brand could fall into a trap. “Birkin and Chanel bags are the main way to invest. In my experience, Italian brands like Gucci and Prada depreciate in value. ” Rachel Fox, of pawnbroker Suttons and Robertsons, said … Read more