J,M. Smucker's Bittersweet Deal
J.M. Smucker Co., known for its popular food brands like Folgers, Smuckers, and Meow Mix, is making strategic moves in the corporate bond market. The company aims to secure funding for its $5....
Stock exchanges in 2022
Global stock exchanges and bond markets have lost more than $30 trillion in 2022, the most since the global financial crisis of 2008. This was reported by the British Financia...
Trading day on Monday
Bond yields jumped to new heights amid lingering fears of a Fed rate hike. Risk appetite globally was undermined by a combination of renewed inflation worries and the Fed's perceived reaction.
At the close of trading on the Ne...
US stock indices
All three major indices: Dow Jones, S&P 500 and Nasdaq rose at the premarket.
United Parcel Service shares rose after revenue of $27.7bn beat forecasts. UPS also increased its dividend by 49% to 0.50 cents per share.
ExxonMobi...
Bond purchases in November
The market reaction to the outcome of the Fed meetings was positive. The central bank refuted expectations that interest rates would need to be raised sooner, but pointed to continue...
Stimulus cut
Fed minutes on September showed that if the US economic recovery continues at current levels, the central bank will start cutting bond purchases by 15 billion a month from...
US stock market
By the closing bell on the New York Stock Exchange, the Dow Jones gained 1.39%, reaching an all-time high, the S&P 500 rose 1.66% and the NASDAQ Composite rose 1.24%.
Intel Corporation (NASDAQ:INTC) was the top gainer among Dow ...
US government bond market
US stock indices rose in early trading on Monday after falling last week.
For the week the Dow Jones and S&P 500 fell 0.5% and 0.8% respectively after rising for the previous two consecutive weeks. The Nasdaq fell 0.8%...
Record inflows of $11.6bn emerging markets
Emerging market equities lost almost 3% on Friday following a jump in US government bond yields and could show their biggest weekly decline since March 2020. The South African rand gained 1% thanks to a ral...
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